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Property profile & analytics
OFF-MARKET
Auto shops
229 Dayton NE Rd Newark, OH 43055-8879
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-2050350
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1989
Total area
4,400 SF
Lot
9.83 ac (428,195 SF)
APN
054-186378-00.001
UPID
US66-2050350
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Chapin,maurice D Trust · 6 yrs held
Chapin,maurice D Trust
since 2020
Last sale
$420,000
7 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 Newark submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newark 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,107
Tax year 2023
Assessed value
$152,180
Assessed 2023
Previous assessed
$147,000
+3.5% YoY
Effective rate
5.33%
On assessed value
Assessed land
$87,010
Assessed improvement
$65,170
Land market value
$248,600
Improvement market value
$186,200
Total market value
$434,800
Applied tax rate
54.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1989
Heating
NONE
Stories
1
Total area
4,400 SF
Lot
9.83 ac (428,195 SF)
APN
054-186378-00.001
UPID
US66-2050350
Jurisdiction
LICKING
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
1989
Heating
NONE
Stories
1
Lot
9.83 ac
Current owner
From public records · entity-resolved
Chapin,maurice D Trust
Trust
Mailing address
12163 MARNE RD, NEWARK, OH 43055-8810
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2020
$420,000
Chapin,maurice D Trust
Patriot Stainless INC
Warranty Deed
—
Apr 12, 2019
—
Patriot Stainelss INC
—
Deed
related
$500,000 · Century National Bank
Nov 1, 2017
$349,000
Patriot Stainless INC
Ll Properties 2 LLC
Warranty Deed
—
Jan 27, 2016
$255,000
Ll Properties 2 LLC
Waste Management Of Ohio INC
Limited Warranty Deed
$136,000 · Heartland Bank
Feb 4, 2015
$175,000
Waste Management Of Ohio INC
Big O Refuse Corp
Grant Deed
—
Jun 23, 2011
—
Big O Refuse Corp
—
Deed Of Trust
related
$9,152,000 · Comerica Bank
Nov 27, 2006
—
Big O Refuse Corp
—
Trustees Deed
related
$125,000 · Park National Bank
—
—
Big O Refuse Corp
—
Deed Of Trust
related
$1,271,538 · Park National Bank
—
—
Big O Refuse Corp
—
Deed Of Trust
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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