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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Investment properties
229 Park St Middletown, OH 45044-4261
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2578555
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1974
Total area
2,548 SF
Lot
0.17 ac (7,500 SF)
APN
Q6521-019.000-020
UPID
US66-2578555
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
$555k
CAP Approach
CAP
$395k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
Life Properties LLC · 3 yrs held
Life Properties LLC
since 2022
Last sale
$645,000
4 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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$615,000
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
$430,000
6.5%
$395,000
7%
$370,000
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $645k (Jul 19 2022)
Last sale anchor
$645k
Jul 19 2022
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
$224 / 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
$2,491
Tax year 2023
Assessed value
$41,500
Assessed 2023
Previous assessed
$33,960
+22.2% YoY
Effective rate
6.00%
On assessed value
Assessed land
$3,810
Assessed improvement
$37,690
Land market value
$10,880
Improvement market value
$107,680
Total market value
$118,560
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1974
Heating
HOT WATER
Cooling
WINDOW A/C
Stories
2
Units
4
Rooms
12
Bathrooms
4
Total area
2,548 SF
Lot
0.17 ac (7,500 SF)
APN
Q6521-019.000-020
UPID
US66-2578555
Jurisdiction
BUTLER
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
1974
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
4
Rooms
12
Bathrooms
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
Life Properties LLC
Entity
Mailing address
671 REILY RD, CINCINNATI, OH 45215-2508
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2022
$645,000
Life Properties LLC
Duff Plumbing Co INC
Warranty Deed
$516,000 · Union Savings Bank
Aug 7, 2001
$90,000
Duff Plumbing Co
Witt,ernest & Henrietta
Grant Deed
$75,000 · Ernest & Henrietta
Dec 27, 2000
—
Ernest Witt
Morrow,randy & Jan D
Quit Claim Deed
related
—
Jun 21, 1999
$105,000
Randy Morrow
Witt,ernest & Henrietta
Grant Deed
$94,500 · Seller
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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