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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office buildings
226 Miami Ave Sidney, OH 45365-2708
Entity Owned
19-yr Hold
Free & Clear
Property ID
US66-0668223
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1882
Construction
BRICK
Total area
6,106 SF
Lot
0.17 ac (7,425 SF)
APN
01-1836232.003
UPID
US66-0668223
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
-
Freytag & Associates Inc Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$499k
Blend (final)
Blend
$575k
Owner & transaction history
Great Miami Ohio Pa LLC · 19 yrs held
Great Miami Ohio Pa LLC
since 2007
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$495,000
+16.5%
Commercial (general)
$455,000
+8.1%
Auto repair, garage
$450,000
+6.3%
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 Sidney submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sidney 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$425,000
Current use
RESTAURANT
$495,000
Change: +17% · Conversion: Moderate
COMMERCIAL (GENERAL)
$455,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$450,000
Change: +6% · Conversion: Difficult
MEDICAL BUILDING
$450,000
Change: +6% · Conversion: Easy
RETAIL STORES
$415,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$575k
Range $518k – $633k · ±10%
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
$94 / 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
$4,086
Tax year 2023
Assessed value
$91,910
Assessed 2023
Previous assessed
$66,960
+37.3% YoY
Effective rate
4.45%
On assessed value
Assessed land
$5,440
Assessed improvement
$86,470
Land market value
$15,530
Improvement market value
$247,060
Total market value
$262,590
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1882
Construction
BRICK
Heating
CENTRAL
Stories
2
Rooms
12
Bathrooms
3
Total area
6,106 SF
Lot
0.17 ac (7,425 SF)
APN
01-1836232.003
UPID
US66-0668223
Jurisdiction
SHELBY
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
OFFICE BUILDING Current
Est. value
$425,000
RESTAURANT
Est. value
$495,000
COMMERCIAL (GENERAL)
Est. value
$455,000
AUTO REPAIR, GARAGE
Est. value
$450,000
MEDICAL BUILDING
Est. value
$450,000
RETAIL STORES
Est. value
$415,000
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1882
Construction
BRICK
Heating
CENTRAL
Stories
2
Rooms
12
Bathrooms
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
Great Miami Ohio Pa LLC
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 220, SIDNEY, OH 45365-0220
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2007
—
Great Miami Ohio Pa LLC
Great Miami Ohio Pa
Quit Claim Deed
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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