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Property profile & analytics
OFF-MARKET
Estimated value
$1,860,000
Office buildings
2121 Woodland Cir Bowling Green, OH 43402-8832
Entity Owned
8-yr Hold
Free & Clear
Property ID
US66-2400092
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
15,840 SF
Lot
5.63 ac (245,243 SF)
APN
B07-511-2100-00-003.010
UPID
US66-2400092
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
-
Principle Business Enterprise Soutj Corporate Office
-
Principle Business Enterprises, Inc. Bowling Green Location Industrial Manufacturer Production Facility
-
Absorbent Products Company Inc. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$1.86M
Owner & transaction history
Zaga LLC · 8 yrs held
Zaga LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+44.5%
Auto repair, garage
$1.9M
+34.2%
Industrial (general)
$1.6M
+17.9%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,385,000
Current use
COMMERCIAL (GENERAL)
$2,000,000
Change: +44% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,860,000
Change: +34% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,635,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$1,585,000
Change: +14% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,230,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.86M
Range $1.67M – $2.05M · ±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
$117 / 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
$61,646
Tax year 2023
Assessed value
$1,021,900
Assessed 2023
Previous assessed
$962,510
+6.2% YoY
Effective rate
6.03%
On assessed value
Assessed land
$71,470
Assessed improvement
$950,430
Land market value
$204,200
Improvement market value
$2,715,500
Total market value
$2,919,700
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
1998
Heating
NONE
Buildings
3
Stories
1
Total area
15,840 SF
Lot
5.63 ac (245,243 SF)
APN
B07-511-2100-00-003.010
UPID
US66-2400092
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
OFFICE BUILDING Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1998
Heating
NONE
Stories
1
Buildings
3
Lot
5.63 ac
Current owner
From public records · entity-resolved
Zaga LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2121 S WOODLAND CIR, BOWLING GREEN, OH 43402-8832
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2018
$2,750,000
Zaga LLC
Paul S Rankin Living Trust
Warranty Deed
—
Dec 19, 2017
—
Rankin,paul S Living Trust
—
Deed
related
$885,000 · Signature Bk
Mar 17, 2011
—
Rankin Paul S Living Trust
Rankin,paul S & Amy S
Quit Claim Deed
related
—
May 20, 2010
—
Paul S Rankin
—
Trustees Deed
related
$190,000 · Huntington National Bank
—
—
Paul S Rankin
—
Deed Of Trust
related
$965,000 · Huntington National Bank
—
—
Paul S Rankin
—
Deed Of Trust
related
$135,000 · Huntington National Bank
—
—
Rankin,paul
—
Deed Of Trust
related
$150,000 · Huntington Nat'l Bk/fl
—
—
Rankin,paul S & Amy S
—
Deed Of Trust
related
$275,000 · Huntington Nat'l Bk/fl
—
—
Rankin,paul S Living Trust
—
Deed Of Trust
related
$885,000 · Signature Bk
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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