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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Manufacturing properties
200 Security Dr Fairfield, OH 45014-4244
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-2001238
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1995
Total area
8,050 SF
Lot
0.82 ac (35,760 SF)
APN
A0700-164.000-014
UPID
US66-2001238
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
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
Banded Krait LLC · 2 yrs held
Banded Krait LLC
since 2024
Last sale
$550,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$910,000
+144.0%
Neighborhood: shopping center
$890,000
+138.2%
Auto repair, garage
$840,000
+124.2%
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 Fairfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfield 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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$375,000
Current use
MEDICAL BUILDING
$910,000
Change: +144% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$890,000
Change: +138% · Conversion: Difficult
AUTO REPAIR, GARAGE
$840,000
Change: +124% · Conversion: Easy
COMMERCIAL (GENERAL)
$640,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$575,000
Change: +54% · Conversion: Moderate
WAREHOUSE, STORAGE
$425,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (May 17 2024)
Last sale anchor
$550k
May 17 2024
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
$68 / 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
$5,162
Tax year 2023
Assessed value
$92,200
Assessed 2023
Previous assessed
$92,200
+0.0% YoY
Effective rate
5.60%
On assessed value
Assessed land
$14,140
Assessed improvement
$78,060
Land market value
$40,410
Improvement market value
$223,020
Total market value
$263,430
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1995
Heating
HOT WATER
Cooling
NONE
Buildings
2
Stories
1
Total area
8,050 SF
Lot
0.82 ac (35,760 SF)
APN
A0700-164.000-014
UPID
US66-2001238
Jurisdiction
BUTLER
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
INDUSTRIAL (GENERAL) Current
Est. value
$375,000
MEDICAL BUILDING
Est. value
$910,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$640,000
RETAIL STORES
Est. value
$575,000
WAREHOUSE, STORAGE
Est. value
$425,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1995
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
Banded Krait LLC
Entity
Mailing address
PO BOX 3RD 3, FAIRFIELD, OH 45014
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2024
$550,000
Banded Krait LLC
Hlmm Properties LLC
Warranty Deed
—
Jul 12, 2022
$350,000
Hlmm Properties LLC
Drks LLC
Warranty Deed
—
Dec 28, 2007
—
Strecker,richard J
Dr & D Security
Warranty Deed
$102,228 · Fifth Third Bank
Dec 15, 1997
$265,000
Security
Virgil Mcqueen Trustee
Grant Deed
related
$150,000 · Fifth Third Bank
—
—
Security
—
Deed Of Trust
related
$119,000 · R K S Tool & Die INC
—
—
Drks LLC
—
Deed Of Trust
related
$179,027 · Pnc 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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