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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Banks
2233 Pershing St Salem, OH 44460-3414
Individually Owned
5-yr Hold
Free & Clear
Property ID
US66-1290167
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1973
Total area
3,192 SF
Lot
0.61 ac (26,615 SF)
APN
51-00108-000
UPID
US66-1290167
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
Current use
Occupant on record · Public records
-
Citizens Bank Loan Service
-
First Citizens Bank ATM Atm
-
Citizens Bank ATM Atm
-
Citizens ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$396k
Blend (final)
Blend
$520k
Owner & transaction history
Joseph Nathanson · 5 yrs held
Joseph Nathanson
since 2021
Last sale
$600,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$365,000
+18.6%
Auto repair, garage
$345,000
+13.0%
Commercial (general)
$345,000
+12.9%
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 Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem 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
$485,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$365,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$345,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$345,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $600k (Feb 22 2021)
Last sale anchor
$600k
Feb 22 2021
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
$163 / 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
$10,081
Tax year 2023
Assessed value
$210,010
Assessed 2023
Previous assessed
$210,010
+0.0% YoY
Effective rate
4.80%
On assessed value
Assessed land
$56,040
Assessed improvement
$153,970
Land market value
$160,100
Improvement market value
$439,900
Total market value
$600,000
Applied tax rate
51.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1973
Heating
YES
Stories
1
Total area
3,192 SF
Lot
0.61 ac (26,615 SF)
APN
51-00108-000
UPID
US66-1290167
Jurisdiction
COLUMBIANA
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
MEDICAL BUILDING
Est. value
$365,000
AUTO REPAIR, GARAGE
Est. value
$345,000
COMMERCIAL (GENERAL)
Est. value
$345,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1973
Heating
YES
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Joseph Nathanson
Individual
Free & Clear · 5 yrs held
Mailing address
1044 ELBERON AVE, LONG BRANCH, NJ 07740-4728
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2021
$600,000
Joseph Nathanson
Pershing Street Partners LLC
Limited Warranty Deed
—
Dec 23, 2020
$467,300
Pershing Street Partners LLC
Lb Ubs 2006 C7 Oh 2 Properties LLC
Limited Warranty Deed
—
Jun 20, 2019
$333,333
Us Bank NA Tr
Richard F Kruse
Foreclosure
related
—
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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