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Property profile & analytics
OFF-MARKET
Community centers
1947 Covington Ave Piqua, OH 45356-2635
Entity Owned
6-yr Hold
Free & Clear
Property ID
US66-0101989
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1980
Total area
76,206 SF
Lot
6.8 ac (296,077 SF)
APN
M40-059770
UPID
US66-0101989
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wynn LLC · 6 yrs held
Wynn LLC
since 2020
Last sale
$145,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Piqua submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Piqua submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$778
Tax year 2023
Assessed value
$12,990
Assessed 2023
Previous assessed
$12,990
+0.0% YoY
Effective rate
5.99%
On assessed value
Assessed land
$4,240
Assessed improvement
$8,750
Land market value
$12,100
Improvement market value
$25,000
Total market value
$37,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1980
Heating
YES
Cooling
YES
Stories
1
Total area
76,206 SF
Lot
6.8 ac (296,077 SF)
APN
M40-059770
UPID
US66-0101989
Jurisdiction
MIAMI
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Heating
YES
Cooling
Yes
Stories
1
Lot
6.8 ac
Current owner
From public records · entity-resolved
Wynn LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1947 COVINGTON AVE, PIQUA, OH 45356-2635
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2020
$145,000
Wynn LLC
Cushman School Real Estate LLC
Grant Deed
—
Dec 27, 2019
—
Cushman School Real Estate LLC
Remainder W G C Unitrust
Grant Deed
—
Dec 29, 2016
—
Goldsmith,james Trust
Gator Piqua Partners Lllp
Grant Deed
—
Sep 14, 2007
$1,575
Gator Piqua Ptnrs
Wells Fargo Bank
Grant Deed
related
—
Feb 12, 2007
$2,640,000
Wells Fargo Bank NA Ct Trust
Bubzay Ventures III LLC
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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