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Property profile & analytics
OFF-MARKET
Estimated value
$2,655,000
Community centers
224 Dayton Yellow Spgs Rd, Fairborn, OH 45324-3906
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-2233608
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1975
Total area
88,840 SF
Lot
9.47 ac (412,339 SF)
Zoning code
PD-1
APN
A02-0002-0012.0-0134.00
UPID
US66-2233608
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
$2.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.66M
Owner & transaction history
Cobblestone Capital 23113 LLC · 2 yrs held
Cobblestone Capital 23113 LLC
since 2023
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
PD-1 · Fairborn, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.4M
+248.5%
Office building
$3.5M
+177.7%
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 Fairborn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairborn 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
$2,070,000
ML approach
$2,545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,375,000
Change: +248% · Conversion: Difficult
OFFICE BUILDING
$3,485,000
Change: +178% · Conversion: Moderate
Blend value · Realmo final
$2.66M
Range $2.39M – $2.92M · ±10% · vs last sale $3.00M (Aug 15 2023)
Last sale anchor
$3.00M
Aug 15 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
$30 / 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
$10,129
Tax year 2023
Assessed value
$158,580
Assessed 2023
Previous assessed
$158,580
+0.0% YoY
Effective rate
6.39%
On assessed value
Assessed land
$119,710
Assessed improvement
$38,870
Land market value
$342,030
Improvement market value
$111,050
Total market value
$453,080
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1975
Heating
NONE
Total area
88,840 SF
Lot
9.47 ac (412,339 SF)
Zoning code
PD-1
APN
A02-0002-0012.0-0134.00
UPID
US66-2233608
Jurisdiction
GREENE
Zoning & alternative use
PD-1 · Fairborn, OH
Zoning PD-1 · permitted uses
PD-1 · Fairborn, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairborn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
OFFICE BUILDING
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1975
Heating
NONE
Lot
9.47 ac
Current owner
From public records · entity-resolved
Cobblestone Capital 23113 LLC
Entity
Mailing address
1550 WESTEN ST, BOWLING GREEN, KY 42104-3356
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2024
—
Cobblestone Capital 23-113 LLC
—
Deed
related
$8,000,000 · American Bank & Trust Company INC A Kent
Aug 15, 2023
$3,000,000
Cobblestone Capital 23113 LLC
Gator Five Points Partners Lllp
Limited Warranty Deed
$3,650,000 · Cobblestone Capital 23 113
Jan 30, 2018
—
Gator Five Points Ptrs Lllp
—
Deed
related
$2,000,000 · Bank Of America
Nov 14, 2012
—
Gator Five Points Ptrs Lllp
—
Deed Of Trust
related
$2,000,000 · Bank Of America
Dec 12, 2007
$2,100,000
Gator Five Points Partners Lllp
Esther Jeffrey LLC
Limited Warranty Deed
$2,750,000 · National City Bank
Aug 23, 2007
—
Nasue Llce
Nasue Trust
Quit Claim Deed
—
—
—
Gator Five Points Ptrs Lllp
—
Deed Of Trust
related
$2,000,000 · Bank Of America
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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