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Property profile & analytics
FOR LEASE
Retail space
2195 Navarre Ave Oregon, OH 43616
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-0061214
For Lease
1 / 70
Contact for pricing
2195 Navarre Ave, Oregon, OH 43616
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Property summary
AI-generated overview
This exceptional redevelopment opportunity encompasses a 4.25-acre lot in Oregon, Ohio, featuring three existing structures totaling 29,000 square feet. Situated on two parcels with mixed General Commercial and Light Industrial zoning, this property boasts excellent visibility and exposure along I-280 and Navarre Avenue, a major retail corridor. Currently occupied at 100% capacity with a lease expiring December 30, 2024, the property offers significant potential for various uses. The existing buildings house a furniture store, an auto sales office, and a warehouse for auto shop repair. A billboard generating $800 monthly income adds to the property's value. The location benefits from high traffic volume (I-280 VPD: 50,675
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Total area
28,400 SF
Lot
2.24 ac (97,574 SF)
Zoning code
40-M1
APN
44-21686
UPID
US66-0061214
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
Florida And Ohio Properties INC · 2 yrs held
Florida And Ohio Properties INC
since 2023
Last sale
$400,000
6 recorded transactions
Zoning & alternative use
40-M1 · Oregon, OH
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 Oregon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oregon 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
$21,344
Tax year 2023
Assessed value
$251,230
Assessed 2023
Previous assessed
$251,230
+0.0% YoY
Effective rate
8.50%
On assessed value
Assessed land
$72,415
Assessed improvement
$178,815
Land market value
$206,900
Improvement market value
$510,900
Total market value
$717,800
Applied tax rate
44.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1985
Heating
NONE
Stories
1
Total area
28,400 SF
Lot
2.24 ac (97,574 SF)
Zoning code
40-M1
APN
44-21686
UPID
US66-0061214
Jurisdiction
LUCAS
Zoning & alternative use
40-M1 · Oregon, OH
Zoning 40-M1 · permitted uses
40-M1 · Oregon, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oregon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Stories
1
Lot
2.24 ac
Current owner
From public records · entity-resolved
Florida And Ohio Properties INC
Entity
Free & Clear · 2 yrs held
Mailing address
3529 WILLIAMSBURG DR, OREGON, OH 43616-3031
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2023
$400,000
Florida And Ohio Properties INC
Dynamic Brothers Properties INC
Warranty Deed
—
Apr 10, 2017
—
Dynamic Brothers Properties INC
—
Deed
related
$500,000 · The Farmers & Merchants State Bank
Sep 2, 2015
$400,000
Dynamic Brothers Properties
Taouil,mike & Faten
Warranty Deed
—
Sep 21, 2007
$600,000
Mike Taouil
Pierce Hardy
Warranty Deed
—
Aug 30, 2007
—
David H Young Associates
Young Nancy U Trust
Quit Claim Deed
—
Aug 23, 2007
—
Young David G & Nancy U Tr
Young,david H
Affidavit Of Death
—
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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