Entity Owned 
For Lease
1 / 10
$450,000
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
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$450k
Owner & transaction history
since 2023
Last sale
$400,000
6 recorded transactions
Zoning & alternative use
40-M1 · Oregon, OH
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$450k
Value range
$405k – $495k
±10% around blend
Estimated value / SF
$16 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$405k
blend $450k
$495k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
28,400 SF
Lot area
2.24 ac
Year built
1985
Stories
1
APN
44-21686
Zoning
40-M1
Assessed value
$251,230
Annual tax
$21,344
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$450k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 20 sales
$32
-50%
Submarket 304 sales
$65
-76%
County 363 sales
$71
-78%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $16/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$400k
Move the market yield to see immediate price impact.
Value / SF
$14
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$25k
$504k
$360k
$280k
$28k
$560k
$400k
$311k
$31k
$616k
$440k
$342k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, OHZoning 40-M1 · permitted uses
40-M1 · Oregon, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Stories
1
Lot
2.24 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
40-M1
Jurisdiction
Oregon, OH
Recorded code
40-M1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 40-M1 in Oregon, OH.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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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?”
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