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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Manufacturing properties
200 Weller Dr Smithville, OH 44677-9777
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-4236724
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Total area
18,400 SF
Lot
4.94 ac (215,230 SF)
APN
33-00112-000
UPID
US66-4236724
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
-
Grip-Flex Micro-Surfacing General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$828k
Blend (final)
Blend
$1.19M
Owner & transaction history
Parclear LLC · 3 yrs held
Parclear LLC
since 2022
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+79.3%
Commercial (general)
$1.7M
+56.6%
Auto repair, garage
$1.5M
+35.0%
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 Smithville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Smithville 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
$1,425,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
$1,260,000
6.5%
$1,165,000
7%
$1,080,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,085,000
Current use
OFFICE BUILDING
$1,940,000
Change: +79% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,695,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,465,000
Change: +35% · Conversion: Easy
WAREHOUSE, STORAGE
$990,000
Change: -8% · Conversion: Easy
RETAIL STORES
$950,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±10% · vs last sale $1.20M (Oct 7 2022)
Last sale anchor
$1.20M
Oct 7 2022
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
$64 / 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
$9,018
Tax year 2023
Assessed value
$169,810
Assessed 2023
Previous assessed
$169,810
+0.0% YoY
Effective rate
5.31%
On assessed value
Assessed land
$36,530
Assessed improvement
$133,280
Land market value
$104,380
Improvement market value
$380,800
Total market value
$485,180
Applied tax rate
33.0000
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
1968
Heating
SPACE
Cooling
YES
Stories
1
Total area
18,400 SF
Lot
4.94 ac (215,230 SF)
APN
33-00112-000
UPID
US66-4236724
Jurisdiction
WAYNE
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
$1.1M
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$990,000
RETAIL STORES
Est. value
$950,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
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
1968
Heating
SPACE
Cooling
Yes
Stories
1
Lot
4.94 ac
Current owner
From public records · entity-resolved
Parclear LLC
Entity
Mailing address
200 WELLER DR, SMITHVILLE, OH 44677-9777
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2022
$1,200,000
Parclear LLC
Weller Associates LLC
Warranty Deed
$960,000 · Wayne Savings Community Bank
May 13, 2005
$120,000
Wellar Associates LLC
Battersea Associates LLC
Grant Deed
—
Aug 10, 2004
$160,000
Battersea Associates LLC
Sheriff Of Wayne County
Trustees Deed
—
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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