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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Residential income homes
219 Main St Middletown, OH 45044-4277
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-5533872
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1890
Total area
9,803 SF
Lot
0.62 ac (27,209 SF)
APN
Q6521-016.000-031
UPID
US66-5533872
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
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$411k
Blend (final)
Blend
$525k
Owner & transaction history
James Kevin Jetton · 1 yrs held
James Kevin Jetton
since 2024
Last sale
$525,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$575,000
+72.8%
Warehouse, storage
$485,000
+45.5%
Retail stores
$475,000
+43.5%
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$525,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$330,000
Current use
OFFICE BUILDING
$575,000
Change: +73% · Conversion: Moderate
WAREHOUSE, STORAGE
$485,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$475,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $525k (Oct 11 2024)
Last sale anchor
$525k
Oct 11 2024
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
$54 / 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
$9,541
Tax year 2023
Assessed value
$158,970
Assessed 2023
Previous assessed
$158,970
+0.0% YoY
Effective rate
6.00%
On assessed value
Assessed land
$8,400
Assessed improvement
$150,570
Land market value
$24,000
Improvement market value
$430,210
Total market value
$454,210
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1890
Heating
HOT WATER
Cooling
NONE
Stories
2
Units
6
Rooms
20
Bathrooms
6
Total area
9,803 SF
Lot
0.62 ac (27,209 SF)
APN
Q6521-016.000-031
UPID
US66-5533872
Jurisdiction
BUTLER
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$330,000
OFFICE BUILDING
Est. value
$575,000
WAREHOUSE, STORAGE
Est. value
$485,000
RETAIL STORES
Est. value
$475,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
1890
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
6
Rooms
20
Bathrooms
6
Lot
0.62 ac
Current owner
From public records · entity-resolved
James Kevin Jetton
Individual
Free & Clear · 1 yrs held
Mailing address
37441 IRONWOOD DR, YUCAIPA, CA 92399-7024
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Oct 11, 2024
$525,000
James Kevin Jetton
Jeannie Haitt
Fiduciary Deed
—
May 12, 2021
—
Jeannie Hiatt
—
Deed
related
$399,000 · Us Bank NA
May 11, 2021
$499,900
Jeannie Hiatt
Ronald Herzog
Warranty Deed
—
Oct 18, 2018
$310,000
Ronald Herzog
Bean,douglas J
Warranty Deed
—
—
—
Douglas J Bean
—
Deed Of Trust
related
$25,000 · Lebanon Citizens National Bank
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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