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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office buildings
2358 23rd St Bellaire, OH 43906-9614
Entity Owned
14-yr Hold
Free & Clear
Property ID
US66-6306649
Property summary
AI-generated overview
This 5,772 square foot commercial property in Bellaire, OH, offers a unique blend of office and industrial space on over 10 acres of flat land. Built in 1997, the building features a well-designed interior with ample office space and large conference rooms, suitable for various uses including research and development, tech startups, or any business needing flexible space. The expansive 10+ acre lot presents significant expansion opportunities, allowing for additional buildings, storage facilities, or a lay-down yard. Located in Bellaire, this property enjoys proximity to the downtown area and is just 15 minutes from a proposed ethane cracker plant, making it ideally situated for businesses seeking to capitalize on regional growth, particularly in the petrochemical sector. Its accessibility to major transportation routes ensures high visibility and ease of access, benefiting businesses in manufacturing, logistics, or other industries requiring strategic placement and operational efficiency. Currently vacant, this property is ready for immediate occupancy. The asking price is $1,100,000.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Total area
5,304 SF
Lot
10.24 ac (446,185 SF)
APN
29-02385-000
UPID
US66-6306649
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
-
Waco Oil & Gas Gas Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$835k
Comparable Approach
Comparable
$468k
Blend (final)
Blend
$625k
Owner & transaction history
Waco Oil & Gas Co · 14 yrs held
Waco Oil & Gas Co
since 2012
3 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 Bellaire submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellaire 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%
$905,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$555,000
Current use
COMMERCIAL (GENERAL)
$515,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$118 / 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
$5,326
Tax year 2023
Assessed value
$119,059
Assessed 2023
Previous assessed
$119,059
+0.0% YoY
Effective rate
4.47%
On assessed value
Assessed land
$19,008
Assessed improvement
$100,051
Land market value
$54,310
Improvement market value
$285,860
Total market value
$340,170
Applied tax rate
29.0000
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
1997
Heating
NONE
Buildings
2
Stories
1
Total area
5,304 SF
Lot
10.24 ac (446,185 SF)
APN
29-02385-000
UPID
US66-6306649
Jurisdiction
BELMONT
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
$555,000
COMMERCIAL (GENERAL)
Est. value
$515,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1997
Heating
NONE
Stories
1
Buildings
2
Lot
10.24 ac
Current owner
From public records · entity-resolved
Waco Oil & Gas Co
Entity
Free & Clear · 14 yrs held
Mailing address
PO BOX 397, GLENVILLE, WV 26351-0397
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2012
$285,000
Waco Oil & Gas Co
Overtime Sport Bar & Grill LLC
Warranty Deed
—
Mar 26, 2012
—
Katey Kopyar
Overtime Sports Bar & Grill
Warranty Deed
—
Oct 5, 2006
$201,000
Sports Bar Overtime
Bommer,paul E JR
Warranty Deed
$250,000 · Ameribank
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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