Realmo Analytics

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Property profile

215 Mechanic St Waterville, OH 43566

FOR LEASE
Retail space
Property ID
US66-2561671
0.04 ac lot
Last sale Feb 2016 · $275,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A downtown two-level office suite with an open layout distributed across approximately 2,500 square feet, connected by an interior stairwell between the upper and lower areas. The suite includes one ADA-compliant restroom. Access is via free on-street parking, and the premises are positioned for visibility along St. Rt. 64. A detached two-car garage is included as an accessory structure. The space is described as having flexibility for non-traditional uses; potential permitted or compatible…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$51
Tax billed · 2023
Assessed value$700
Assessed land$700
Effective rate7.29%

Value estimate

· Oct 2026
$285k
$257k – $314k
AI approach$285k
NOI build-up
Gross scheduled income$39k
Vacancy & credit loss−$994
Operating expenses−$11k
NOI · 443,400.00% cap applied$27k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$71/SF
County average, outlier-cleaned · 363 recorded sales of this use type
Observed band · Q1–Q3$33 – $134

Cap rate analysis

How does the asset earn?
443,400.00%
$27k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
39-C2
JurisdictionLUCAS

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm16.7
Dental Office16.1
Realty agency16.1

Location

215 Mechanic St Waterville, OH 43566
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
300 Farnsworth, Waterville, OH 43566 $750,000 Dec 2025 1,308 SF
217 Farnsworth, Waterville, OH 43566 $277,000 Jul 2025 No data
10110 Riv, Waterville, OH 43566-9536 $70,000 Jan 2024 1,344 SF
465 Anthony Wayne, Waterville, OH 43566 $475,000 Dec 2022 8,316 SF
214 Mechanic, Waterville, OH 43566 $150,000 Sep 2022 645 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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