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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Apartment buildings
241 Sandusky St Delaware, OH 43015-1668
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1978030
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1900
Total area
5,190 SF
Lot
0.3 ac (13,199 SF)
APN
519-432-01-030-000
UPID
US66-1978030
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
-
Wing Street Restaurant
-
Pizza Hut Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$507k
Blend (final)
Blend
$705k
Owner & transaction history
Stone Meadow Enterprises LLC · 3 yrs held
Stone Meadow Enterprises LLC
since 2023
Last sale
$760,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$635,000
+56.7%
Restaurant
$455,000
+12.9%
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 Delaware submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delaware 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
$670,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$690,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$635,000
Change: +57% · Conversion: Moderate
RESTAURANT
$455,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±10% · vs last sale $760k (May 8 2023)
Last sale anchor
$760k
May 8 2023
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
$136 / 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
$12,449
Tax year 2023
Assessed value
$224,010
Assessed 2023
Previous assessed
$110,950
+101.9% YoY
Effective rate
5.56%
On assessed value
Assessed land
$24,960
Assessed improvement
$199,050
Land market value
$71,300
Improvement market value
$568,700
Total market value
$640,000
Applied tax rate
14.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1900
Heating
YES
Cooling
NONE
Stories
2
Units
1
Rooms
20
Bathrooms
10
Total area
5,190 SF
Lot
0.3 ac (13,199 SF)
APN
519-432-01-030-000
UPID
US66-1978030
Jurisdiction
DELAWARE
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
COMMERCIAL (GENERAL)
Est. value
$635,000
RESTAURANT
Est. value
$455,000
COMMERCIAL (GENERAL)
RESTAURANT
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
1900
Heating
YES
Cooling
Yes
Stories
2
Units
1
Rooms
20
Bathrooms
10
Lot
0.3 ac
Current owner
From public records · entity-resolved
Stone Meadow Enterprises LLC
Entity
Mailing address
1425 HAVERHILL CT, DELAWARE, OH 43015-4903
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2023
—
Stone Meadow Enterprises LLC
Land & Mtg Ttl As Qualified Interme
Intrafamily Transfer
related
—
Feb 2, 2023
$760,000
Land & Mtg As Qualified Intermediar
Overcreek Enterprises Incorporated
Warranty Deed
—
Dec 16, 2020
—
Adt Ohio LLC
—
Deed
related
$10,928,686 · Wells Fargo Bk
Jun 6, 2018
—
Overcreek Ents INC
—
Deed
related
$179,925 · Fidelity Fed'l S&l
Jul 21, 2017
—
241 N Sandusky Street LLC
Pfeister,alison J & Kent L
Quit Claim Deed
related
$237,500 · Fidelity Federal S&l Assn
Jul 21, 2017
$317,000
Overcreek Ents INC
241 N Sandusky Street LLC
Grant Deed
—
Jul 14, 2017
$317,000
Overcreek Ents INC
241 N Sandusky Street LLC
Warranty Deed
$237,500 · Fidelity Fed'l S&l
Jul 14, 2017
—
241 N Sandusky Streetllc
Alison J Pfeister
Quit Claim Deed
related
—
Oct 10, 2014
—
241 N Sundusky Street LLC
Pfeister,alison J
Quit Claim Deed
related
—
—
—
Overcreek Ents INC
—
Deed Of Trust
related
$179,925 · Fidelity Fed'l S&l
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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