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Property profile & analytics
OFF-MARKET
Drive through restaurants
235 1st St Hamler, OH 43524-9605
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-4821761
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1960
Lot
0.21 ac (8,978 SF)
APN
17-009421.0040
UPID
US66-4821761
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
-
Schortgen Sugar Shack Grocery & Convenience Store Specialty Food Shop
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
Schortgen Holdings LLC · 2 yrs held
Schortgen Holdings LLC
since 2024
Last sale
$40,000
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 Hamler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamler 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
$731
Tax year 2023
Assessed value
$12,230
Assessed 2023
Previous assessed
$25,580
-52.2% YoY
Effective rate
5.98%
On assessed value
Assessed land
$3,610
Assessed improvement
$8,620
Land market value
$10,300
Improvement market value
$24,630
Total market value
$34,930
Applied tax rate
17.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1960
Stories
1
Lot
0.21 ac (8,978 SF)
APN
17-009421.0040
UPID
US66-4821761
Jurisdiction
HENRY
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
1960
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Schortgen Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 373, HAMLER, OH 43524-0373
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2024
—
Schortgen Holdings LLC
Samuel Schortgen
Warranty Deed
—
Feb 7, 2024
$40,000
Samuel Schortgen
Vast Legacy Estates LLC
Warranty Deed
$43,000 · The Hamler State Bank
Dec 24, 2019
$15,000
Vast Legacy Estates LLC
The Henry County Bank
Warranty Deed
—
Apr 3, 2018
$20,000
The Henry County Bank
Olie Limited
Sheriffs Deed
related
—
May 16, 2008
—
Clubhouse Ventures LLC
Clubhouse Pizza LLC
Land Contract
—
May 16, 2008
$60,000
Olie Ltd
Clubhouse Ventures LLC
Warranty Deed
$65,000 · The Henry County Bank
May 2, 2007
$70,000
Olie Ltd
Clubhouse Pizza LLC
Land Contract
$62,500 · Clubhouse Pizza LLC
Dec 9, 2005
$55,000
Clubhouse Ventures LLC
Spencer R Mcoscar SR.
Warranty Deed
$40,000 · First Federal Bank Of The Midwest
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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