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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Distribution centers
24222 Jewell Rd Defiance, OH 43512
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US66-2987497
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1999
Total area
33,476 SF
Lot
3.99 ac (173,804 SF)
APN
I130012000808
UPID
US66-2987497
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
-
Frito-Lay Inc Big Box & Wholesale Store Food Market
-
Richland Roofing Roofing Company General Contractor
-
McDonalds' Design & Build Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.52M
Owner & transaction history
Tri Mac Enterprises LLC · 18 yrs held
Tri Mac Enterprises LLC
since 2007
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.4M
+128.5%
Auto repair, garage
$2.4M
+127.5%
Medical building
$2.3M
+121.2%
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 Defiance submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Defiance 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,055,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,410,000
Change: +129% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,400,000
Change: +128% · Conversion: Easy
MEDICAL BUILDING
$2,330,000
Change: +121% · Conversion: Difficult
OFFICE BUILDING
$2,280,000
Change: +116% · Conversion: Difficult
RETAIL STORES
$2,095,000
Change: +99% · Conversion: Moderate
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±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
$45 / 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
$16,136
Tax year 2023
Assessed value
$302,300
Assessed 2023
Previous assessed
$288,350
+4.8% YoY
Effective rate
5.34%
On assessed value
Assessed land
$9,500
Assessed improvement
$292,800
Land market value
$27,130
Improvement market value
$836,570
Total market value
$863,700
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Total area
33,476 SF
Lot
3.99 ac (173,804 SF)
APN
I130012000808
UPID
US66-2987497
Jurisdiction
DEFIANCE
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
WAREHOUSE, STORAGE Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$2.1M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1999
Heating
NONE
Stories
1
Lot
3.99 ac
Current owner
From public records · entity-resolved
Tri Mac Enterprises LLC
Entity
Mailing address
24222 JEWELL RD, DEFIANCE, OH 43512
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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 4, 2023
—
Tri Mac Enterprises LLC
—
Deed
related
$350,000 · The State Bank & Trust Co
Oct 22, 2007
—
Tri Mac Enterprises LLC
Kevin R Mcdonald
Quit Claim Deed
related
$717,694 · The State Bank & Trust Co
Oct 3, 2007
—
Tri Mac Enterprises LLC
Sheep INC
Quit Claim Deed
related
—
Aug 22, 2007
$56,250
Trimac INC
Sheep Incorporated
Quit Claim Deed
related
—
Aug 22, 2007
$112,500
Sheep Incorporated
Carl S Offerle
Warranty Deed
—
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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