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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Strip malls
22 Main St London, OH 43140-1211
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2279781
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1920
Total area
5,544 SF
Lot
0.06 ac (2,744 SF)
APN
31-01030.000
UPID
US66-2279781
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
$865k
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$980k
Owner & transaction history
The Main Street London Collective L · 3 yrs held
The Main Street London Collective L
since 2023
Last sale
$875,000
6 recorded transactions
Zoning & alternative use
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 London submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs London 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
$1,230,000
ML approach
$865,000
CAP Approach
CAP Return
Estimation
6%
$1,150,000
6.5%
$1,060,000
7%
$985,000
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $875k (Apr 28 2023)
Last sale anchor
$875k
Apr 28 2023
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
$177 / 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
$800
Tax year 2023
Assessed value
$18,500
Assessed 2023
Previous assessed
$17,440
+6.1% YoY
Effective rate
4.32%
On assessed value
Assessed land
$4,170
Assessed improvement
$14,330
Land market value
$11,900
Improvement market value
$40,950
Total market value
$52,850
Applied tax rate
31.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1920
Heating
NONE
Cooling
CENTRAL
Stories
3
Total area
5,544 SF
Lot
0.06 ac (2,744 SF)
APN
31-01030.000
UPID
US66-2279781
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
The Main Street London Collective L
Individual
Mailing address
6565 HERITAGE BLVD, HILLIARD, OH 43026-3512
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
May 17, 2024
—
The Main Street London Collective L
—
Deed
related
$175,000 · The Savings Bank
Apr 28, 2023
$875,000
The Main Street London Collective L
Ml Ohio Properties LLC
Warranty Deed
$1,150,000 · The Savings Bank
Jan 19, 2023
—
Ml Ohio Properties LLC
22 Main Street Partners LLC
Warranty Deed
$450,000 · Hamilton Investment Solutions LLC
Jul 14, 2021
—
22 Main Street Partners LLC
—
Deed
related
$375,000 · Jdp Investments LLC
Mar 29, 2021
$175,000
22 S Main Street Partres LLC
Kac Management LLC
Warranty Deed
—
May 10, 2019
$136,300
Kac Management LLC
Old Londontown Ltd
Grant Deed
—
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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