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Property profile & analytics
OFF-MARKET
Estimated value
$4,355,000
Manufacturing properties
2109 Commerce St Lancaster, OH 43130-9363
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-5943408
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1970
Total area
49,650 SF
Lot
18.82 ac (819,799 SF)
APN
053-50033.00
UPID
US66-5943408
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
-
Fabricated Packaging Materials Industrial Manufacturer Production Facility
-
FPM Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.71M
Blend (final)
Blend
$4.36M
Owner & transaction history
Giaaig LLC · 2 yrs held
Giaaig LLC
since 2024
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.5M
+81.8%
Retail stores
$5.0M
+63.8%
Commercial (general)
$4.3M
+40.8%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,045,000
Current use
AUTO REPAIR, GARAGE
$5,535,000
Change: +82% · Conversion: Easy
RETAIL STORES
$4,990,000
Change: +64% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,285,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$3,540,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$4.36M
Range $3.92M – $4.79M · ±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
$88 / 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
$102,393
Tax year 2023
Assessed value
$1,130,160
Assessed 2023
Previous assessed
$1,130,160
+0.0% YoY
Effective rate
9.06%
On assessed value
Assessed land
$160,960
Assessed improvement
$969,200
Land market value
$459,880
Improvement market value
$2,769,140
Total market value
$3,229,020
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1970
Heating
YES
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
49,650 SF
Lot
18.82 ac (819,799 SF)
APN
053-50033.00
UPID
US66-5943408
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
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$5.5M
RETAIL STORES
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.5M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1970
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
18.82 ac
Current owner
From public records · entity-resolved
Giaaig LLC
Entity
Free & Clear · 2 yrs held
Mailing address
211 N COLUMBUS ST, LANCASTER, OH 43130-3006
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2024
—
Giaaig LLC
Madonna Cummins
Quit Claim Deed
related
—
Feb 20, 2024
—
Madonna Cummins
Park National Bank
Deed
—
May 20, 2008
—
Stalter Dale T Trust
—
Trustees Deed
related
$350,000 · First Bremen Bank
Jan 23, 2008
$1,160,000
Stalter Dale T Trust
New Venture R/e Holdings LLC
Grant Deed
$1,160,000 · First Bremen Bank
Jun 21, 2005
$1,900,000
New Venture R/e Holdings LLC
Venture Holdings Corp
Quit Claim Deed
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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