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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Garden apartment buildings
210 Bavarian St Middletown, OH 45044-5493
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0244870
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1974
Total area
12,201 SF
Lot
3.27 ac (142,441 SF)
APN
Q6541-028.000-103
UPID
US66-0244870
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
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$593k
Blend (final)
Blend
$625k
Owner & transaction history
Bavarian Woods Apartments Owner LLC · 4 yrs held
Bavarian Woods Apartments Owner LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$715,000
+72.8%
Warehouse, storage
$600,000
+45.5%
Retail stores
$595,000
+43.5%
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$415,000
Current use
OFFICE BUILDING
$715,000
Change: +73% · Conversion: Moderate
WAREHOUSE, STORAGE
$600,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$595,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$51 / 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
$42,369
Tax year 2023
Assessed value
$705,940
Assessed 2023
Previous assessed
$462,200
+52.7% YoY
Effective rate
6.00%
On assessed value
Assessed land
$75,600
Assessed improvement
$630,340
Land market value
$216,000
Improvement market value
$1,800,960
Total market value
$2,016,960
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1974
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Stories
2
Units
12
Bathrooms
2
Total area
12,201 SF
Lot
3.27 ac (142,441 SF)
APN
Q6541-028.000-103
UPID
US66-0244870
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$415,000
OFFICE BUILDING
Est. value
$715,000
WAREHOUSE, STORAGE
Est. value
$600,000
RETAIL STORES
Est. value
$595,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
1974
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
2
Units
12
Bathrooms
2
Lot
3.27 ac
Current owner
From public records · entity-resolved
Bavarian Woods Apartments Owner LLC
Entity
Mailing address
2195 N STATE HWY 83RD STE 14B, FRANKTOWN, CO 80116-9604
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2022
—
Bavarian Woods Apartments Owner LLC
Bavarian Woods Owner II LLC
Limited Warranty Deed
$17,800,000 · Walker & Dunlop LLC
Apr 12, 2019
—
Bavarian Woods Owner II LLC
Bavarian Woods Owner LLC
Correction Deed
related
—
Apr 5, 2019
—
Bavarian Woods Owner II LLC
Bavarian Woods Owner LLC
Quit Claim Deed
—
Dec 4, 2012
—
Bavarian Woods Owner LLC
—
Deed Of Trust
related
$8,000,000 · New York Community Bank
Sep 21, 2007
—
Bavarian Woods LLC
Pami Bavarian Woods LLC
Limited Warranty Deed
$9,900,000 · Prudential Mortgage Capital Co LLC
Apr 28, 2006
$6,500,000
Pami Bavarian Woods LLC
Sheriff Of Butler County
Trustees Deed
related
—
Jun 10, 1999
$2,076,300
Garden Bavarian Woods LP
Bavarian Woods NA
Grant Deed
related
$6,200,000 · Garden Capital LLC
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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