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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Medical Office Space
241 Executive Dr Marion, OH 43302-6307
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-3050802
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1962
Construction
BRICK
Lot
0.91 ac (39,465 SF)
APN
12-341020.0300
UPID
US66-3050802
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
-
Thomas Leslie D Physician
-
Christoph G Smallwood Pediatrician Physician
-
Christopher Smallwood Pediatrician Physician
-
Crawford Orthodontics: Bethany Crawford, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Straight Wire Real Estate LLC · 4 yrs held
Straight Wire Real Estate LLC
since 2021
Last sale
$540,000
5 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 Marion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marion 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
$445,000
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $540k (Aug 3 2021)
Last sale anchor
$540k
Aug 3 2021
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
—
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
$5,474
Tax year 2023
Assessed value
$118,240
Assessed 2023
Previous assessed
$101,840
+16.1% YoY
Effective rate
4.63%
On assessed value
Assessed land
$12,740
Assessed improvement
$105,500
Land market value
$36,400
Improvement market value
$301,430
Total market value
$337,830
Applied tax rate
12.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1962
Construction
BRICK
Heating
OIL
Lot
0.91 ac (39,465 SF)
APN
12-341020.0300
UPID
US66-3050802
Jurisdiction
MARION
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
1962
Construction
BRICK
Heating
OIL
Lot
0.91 ac
Current owner
From public records · entity-resolved
Straight Wire Real Estate LLC
Entity
Mailing address
241 EXECUTIVE DR, MARION, OH 43302-6307
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2021
—
Straight Wire Real Estate Ll
—
Deed
related
$701,000 · The Huntington National Bank
Aug 3, 2021
$540,000
Straight Wire Real Estate LLC
Killdeer Hunt Farm LLC
Warranty Deed
$459,000 · The Huntington National Bank
Sep 18, 2018
—
Killdeer Hunt Farm LLC
—
Deed
related
$300,000 · First Fed'l Bk/midwest
Jun 16, 2005
$225,000
Killdeer Hunt Farm LLC
Carol M Smith
Warranty Deed
$360,000 · Jpmorgan Chase Bank NA
—
—
Killdeer Hunt Farm LLC
—
Deed Of Trust
related
$300,000 · First Fed'l Bk/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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