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Property profile & analytics
OFF-MARKET
Garden apartment buildings
2141 Catalpa Dr Dayton, OH 45406-3041
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2683940
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1947
Construction
WOOD
Total area
5,568 SF
Lot
0.16 ac (6,970 SF)
APN
R72 11501 0003
UPID
US66-2683940
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Philip Merrill · 4 yrs held
Philip Merrill
since 2022
Last sale
$285,000
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 Dayton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dayton 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
$2,812
Tax year 2023
Assessed value
$28,940
Assessed 2023
Previous assessed
$28,940
+0.0% YoY
Effective rate
9.72%
On assessed value
Assessed land
$6,540
Assessed improvement
$22,400
Land market value
$18,690
Improvement market value
$64,000
Total market value
$82,690
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1947
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Units
4
Rooms
12
Bathrooms
1
Total area
5,568 SF
Lot
0.16 ac (6,970 SF)
APN
R72 11501 0003
UPID
US66-2683940
Jurisdiction
MONTGOMERY
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
1947
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
4
Rooms
12
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Philip Merrill
Individual
Mailing address
377 ASHWOOD WAY, LINCOLN, CA 95648-2089
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2022
$212,500
Philip Merrill
Ohio Rental Props LLC
Warranty Deed
$159,375 · Ruoff Mortgage Company INC
Nov 10, 2021
$212,500
Philip Merrill
Ohio Rental Props LLC
Land Contract
$191,250 · Not Available
Apr 9, 2018
—
Olocks2 Investment Group LLC
Olocks Investment Group LLC
Quit Claim Deed
related
—
Dec 13, 2017
$55,000
Olocks Investment Group LLC
Poeppelman,gerald A
Warranty Deed
—
Oct 29, 2014
—
Gerald A Poeppelman
Capricorn Projects LLC
Quit Claim Deed
related
$31,500 · Jp Morgan Chase Bk
Oct 11, 2012
—
Capricorn Projects LLC
Poeppelman,gerald
Warranty Deed
related
—
Feb 24, 2012
$26,000
Gerald Poeppelman
Ballou,gary D & Alycia M
Warranty Deed
—
May 30, 2006
$102,000
Gary D Ballou
Watson,kenneth E JR
Warranty Deed
$81,600 · Countrywide Home Loans INC
Feb 5, 2003
—
Fv I INC
Equicredit Corp Of America
Quit Claim Deed
related
—
Feb 5, 2003
$33,500
Kenneth E Watson
Fv-i INC
Grant Deed
—
Nov 1, 2002
$32,000
Nationscredit Finl Svc Corp
Geralds,kyle F
Trustees Deed
related
—
Jul 31, 2000
$110,000
Kyle Geralds
Starkey,joni R
Grant Deed
$88,000 · Equicredit Corp
May 9, 2000
$52,000
Joni R Starkey
Liberty Bank For Savings
Grant Deed
—
Jan 25, 2000
$40,000
Liberty Bank For Savings
Ealey,jason E & Tabatha C
Trustees Deed
related
—
Mar 10, 1998
$71,600
Jason E Ealey
2d Construction INC
Grant Deed
$64,440 · Liberty Bank For Savings
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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