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Property profile & analytics
FOR SALE
Distribution centers
20820 Midstar Dr Bowling Green, OH 43402
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-3588879
For Sale
1 / 8
$4,550,000
20820 Midstar Dr, Bowling Green, OH 43402
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2001
Total area
44,065 SF
Lot
24.09 ac (1,049,360 SF)
APN
J36-611-3000-01-001.000
UPID
US66-3588879
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
-
A2 Global Shipping Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.01M
Comparable Approach
Comparable
$5.05M
Blend (final)
Blend
$4.55M
Owner & transaction history
Oht Ltl LLC · 1 yrs held
Oht Ltl LLC
since 2025
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.6M
+62.6%
Auto repair, garage
$5.2M
+51.0%
Industrial (general)
$4.5M
+32.6%
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 Bowling Green submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bowling Green 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%
$5,425,000
6.5%
$5,010,000
7%
$4,650,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,425,000
Current use
COMMERCIAL (GENERAL)
$5,570,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,170,000
Change: +51% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,540,000
Change: +33% · Conversion: Easy
RETAIL STORES
$4,405,000
Change: +29% · Conversion: Moderate
OFFICE BUILDING
$3,855,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$4.55M
Range $4.10M – $5.01M · ±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
$103 / 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
$49,246
Tax year 2023
Assessed value
$989,660
Assessed 2023
Previous assessed
$931,770
+6.2% YoY
Effective rate
4.98%
On assessed value
Assessed land
$354,130
Assessed improvement
$635,530
Land market value
$1,011,800
Improvement market value
$1,815,800
Total market value
$2,827,600
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Sale
Year built
2001
Heating
NONE
Stories
1
Total area
44,065 SF
Lot
24.09 ac (1,049,360 SF)
APN
J36-611-3000-01-001.000
UPID
US66-3588879
Jurisdiction
WOOD
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
WAREHOUSE, STORAGE Current
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$5.2M
INDUSTRIAL (GENERAL)
Est. value
$4.5M
RETAIL STORES
Est. value
$4.4M
OFFICE BUILDING
Est. value
$3.9M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
2001
Heating
NONE
Stories
1
Lot
24.09 ac
Current owner
From public records · entity-resolved
Oht Ltl LLC
Entity
Mailing address
10990 ROE AVE, SHAWNEE MISSION, KS 66211-1213
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jun 4, 2025
$4,500,000
Oht Ltl LLC
Usf Holland LLC
Deed
—
Dec 28, 2020
—
Usf Holland LLC
—
Deed
related
$700,000,000 · Bank Of Ny Mellon
Sep 19, 2019
—
Yrc INC
—
Loan Modification
related
$600,000,000 · Cortland Products Corp
—
—
Usf Holland LLC
—
Deed Of Trust
related
$700,000,000 · Bank Of Ny Mellon
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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