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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Garden apartment buildings
2357 Dayton Lakeview Rd New Carlisle, OH 45344-2319
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-2520035
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1970
Total area
21,300 SF
Lot
2.94 ac (128,066 SF)
Zoning code
R-4
APN
010-05-00031-100-026
UPID
US66-2520035
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
$965k
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.25M
Owner & transaction history
Churchill Manor LLC · 10 yrs held
Churchill Manor LLC
since 2016
7 recorded transactions
Zoning & alternative use
R-4 · New Carlisle, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+50.1%
Medical building
$1.8M
+50.0%
Office building
$1.7M
+38.2%
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 New Carlisle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Carlisle 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%
$1,045,000
6.5%
$965,000
7%
$895,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,225,000
Current use
AUTO REPAIR, GARAGE
$1,835,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$1,835,000
Change: +50% · Conversion: Moderate
OFFICE BUILDING
$1,690,000
Change: +38% · Conversion: Moderate
RETAIL STORES
$1,420,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,300,000
Change: +6% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,010,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±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
$59 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$566,330
Assessed 2023
Previous assessed
$566,330
+0.0% YoY
Assessed land
$32,110
Assessed improvement
$534,220
Land market value
$91,730
Improvement market value
$1,526,330
Total market value
$1,618,060
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1970
Heating
NONE
Buildings
3
Stories
2
Units
24
Total area
21,300 SF
Lot
2.94 ac (128,066 SF)
Zoning code
R-4
APN
010-05-00031-100-026
UPID
US66-2520035
Jurisdiction
CLARK
Zoning & alternative use
R-4 · New Carlisle, OH
Zoning R-4 · permitted uses
R-4 · New Carlisle, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Carlisle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1970
Heating
NONE
Stories
2
Buildings
3
Units
24
Lot
2.94 ac
Current owner
From public records · entity-resolved
Churchill Manor LLC
Entity
Mailing address
8542 EGRET MDW LN, WEST PALM BEACH, FL 33412-1558
Ownership since
2016
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
Aug 2, 2021
—
Churchill Manor LLC
—
Deed
related
$2,137,500 · New Carlisle Federal Savings Bank
Jun 4, 2018
—
Churchill Manor LLC
—
Deed
related
$50,000 · New Carlisle Fsb
Apr 11, 2016
$2,045,000
Churchill Manor LLC
Ecliptix Network Solutions INC
Warranty Deed
$1,700,000 · New Carlisle Fsb
Jan 20, 2016
$27,229
State Of Ohio Department Of Transportation
Ecliptix Network Solutions INC
Warranty Deed
—
Jan 20, 2016
—
State Of Ohio Department Of Transportation
Ecliptix Network Solutions INC
Warranty Deed
—
—
—
Ecliptix Network Solutions INC
—
Deed Of Trust
related
$1,605,709 · New Carlisle Fsb
—
—
Churchill Manor LLC
—
Deed Of Trust
related
$50,000 · New Carlisle Fsb
—
—
Ecliptix Network Solutions INC
—
Deed Of Trust
related
$1,860,000 · Column Financial INC
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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