Financial
Distress signals
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?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

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

Value estimate

· Sep 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 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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