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Property profile & analytics
OFF-MARKET
Estimated value
$28,885,000
Office buildings
2000 Eastman Dr, Milford, OH 45150-2712
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-0597889
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Total area
171,161 SF
Lot
12.36 ac (538,402 SF)
APN
19-24-10C-008
UPID
US66-0597889
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
-
Siemens Digital Industries Software (Bike/Boat/Book/etc) Store Corporate Office
-
MILFORD Siemens Engineer Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$26.44M
Comparable Approach
Comparable
$30.11M
Blend (final)
Blend
$28.89M
Owner & transaction history
Vereit Ofc Milford Oh LLC · 9 yrs held
Vereit Ofc Milford Oh LLC
since 2016
4 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 Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford 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%
$28,640,000
6.5%
$26,435,000
7%
$24,550,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$37,840,000
Current use
COMMERCIAL (GENERAL)
$35,505,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$28.89M
Range $26.00M – $31.77M · ±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
$169 / 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
$517,193
Tax year 2023
Assessed value
$8,905,550
Assessed 2023
Previous assessed
$8,905,550
+0.0% YoY
Effective rate
5.81%
On assessed value
Assessed land
$249,660
Assessed improvement
$8,655,890
Land market value
$713,300
Improvement market value
$24,731,100
Total market value
$25,444,400
Applied tax rate
19.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1991
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Rooms
7
Bathrooms
1
Total area
171,161 SF
Lot
12.36 ac (538,402 SF)
APN
19-24-10C-008
UPID
US66-0597889
Jurisdiction
CLERMONT
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
OFFICE BUILDING Current
Est. value
$37.8M
COMMERCIAL (GENERAL)
Est. value
$35.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1991
Heating
FORCED AIR
Cooling
Yes
Stories
4
Rooms
7
Bathrooms
1
Lot
12.36 ac
Current owner
From public records · entity-resolved
Vereit Ofc Milford Oh LLC
Entity
Mailing address
PO BOX 460369, HOUSTON, TX 77056-8369
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2021
—
Vereit Ofc Milford Oh LLC
—
Deed
related
$100,000 · Jpmorgan Chase Bank NA
Sep 21, 2020
—
Vereit Ofc Milford Oh LLC
—
Deed
related
—
Sep 28, 2016
$125
Vereit Ofc Milford Oh LLC
Acquiport Milford LLC
Warranty Deed
—
—
—
Vereit Ofc Milford Oh LLC
—
Loan Modification
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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