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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Medical Office Space
1964 Lakeman Dr Bellbrook, OH 45305-1229
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-2137278
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Total area
6,684 SF
Lot
1.26 ac (54,711 SF)
APN
L35-0001-0015.0-0001.00
UPID
US66-2137278
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
Current use
Occupant on record · Public records
-
Hagler Orthodontics Dental Office
-
Burton L Hagler Inc Dental Office
-
Dr. William Dahling Dental Office
-
Lee Ann Yahle Photography Photography Service (Bike/Boat/Book/etc) Store
-
Bellbrook Neighborhood Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$459k
Blend (final)
Blend
$500k
Owner & transaction history
Hi Five Properties LLC · 7 yrs held
Hi Five Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$505,000
+10.8%
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 Bellbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellbrook 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$460,000
Current use
RETAIL STORES
$505,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$455,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$395,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$75 / SF
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
$17,716
Tax year 2023
Assessed value
$228,710
Assessed 2023
Previous assessed
$219,620
+4.1% YoY
Effective rate
7.75%
On assessed value
Assessed land
$109,040
Assessed improvement
$119,670
Land market value
$311,540
Improvement market value
$341,920
Total market value
$653,460
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
6,684 SF
Lot
1.26 ac (54,711 SF)
APN
L35-0001-0015.0-0001.00
UPID
US66-2137278
Jurisdiction
GREENE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$460,000
RETAIL STORES
Est. value
$505,000
OFFICE BUILDING
Est. value
$455,000
AUTO REPAIR, GARAGE
Est. value
$395,000
MEDICAL BUILDING Current
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Hi Five Properties LLC
Entity
Mailing address
202 W MAIN ST STE A, MASON, OH 45040-1882
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2021
—
Hi Five Properties LLC
—
Deed
related
$446,000 · Cincinnatus Sla
Sep 19, 2018
$650,000
Hi Five Properties LLC
Leslie K Nogle
Warranty Deed
$487,500 · Peoples Bank
Sep 2, 2011
—
Leslie K Nogle
Nogle,timothy F
Affidavit Of Death
related
—
—
—
Leslie K Nogle
—
Deed Of Trust
related
$525,000 · Wesbanco Bank INC
—
—
Timothy F Nogle
—
Deed Of Trust
related
$650,000 · Towne Bank
—
—
Timothy F Nogle
—
Deed Of Trust
related
$160,000 · Us Bank NA
—
—
Timothy F Nogle
—
Deed Of Trust
related
$632,000 · Us Bank NA
—
—
Timothy F Nogle
—
Deed Of Trust
related
$680,000 · Lebanon Citizens National Bank
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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