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Property profile & analytics
OFF-MARKET
Warehouses
205 Water St Lancaster, OH 43130-4467
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-3802557
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
STEEL FRAME
Total area
4,200 SF
Lot
0.93 ac (40,319 SF)
APN
053-50673.00
UPID
US66-3802557
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
-
Ray-Mar Steel Inc Factory Production Facility
-
Iser Equipment Factory Industrial Manufacturer
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
Water Ar High LLC · 3 yrs held
Water Ar High LLC
since 2022
Last sale
$335,000
7 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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
$10,623
Tax year 2023
Assessed value
$117,250
Assessed 2023
Previous assessed
$117,250
+0.0% YoY
Effective rate
9.06%
On assessed value
Assessed land
$38,120
Assessed improvement
$79,130
Land market value
$108,910
Improvement market value
$226,090
Total market value
$335,000
Applied tax rate
53.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
NONE
Buildings
5
Stories
1
Total area
4,200 SF
Lot
0.93 ac (40,319 SF)
APN
053-50673.00
UPID
US66-3802557
Jurisdiction
FAIRFIELD
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
1973
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
5
Lot
0.93 ac
Current owner
From public records · entity-resolved
Water Ar High LLC
Entity
Mailing address
222 S BROAD ST, LANCASTER, OH 43130-4305
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2022
$335,000
Water Ar High LLC
Mithoff Companies Ltd
Warranty Deed
—
Dec 28, 2021
$250,000
The Mithoff Companies Ltd
Dumont Properties LLC
Warranty Deed
—
Nov 10, 2021
—
William Scott Skidmore
Dumont Properties LLC
Land Contract
—
May 3, 2021
$370,000
William Scott Skidmore
Dumont Properties LLC
Land Contract
$370,000 · Not Available
Feb 6, 2018
—
Dumont Properties LLC
—
Deed
related
$20,000 · Fairfield Natl Div Of The Park Natl Bank
Nov 30, 2017
$550,000
Dumont Properties LLC
Marjorie L Hess
Warranty Deed
$170,000 · Fairfield Natl Div Of The Park Natl
Jul 26, 2016
—
Marjorie L Hess
Hess Raymond W
Quit Claim Deed
related
—
Jul 22, 2016
—
Marjorie L Hess
Hess,raymond W
Affidavit Of Death
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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