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Property profile & analytics
OFF-MARKET
Apartment buildings
2431 Bancroft St Toledo, OH 43607
Entity Owned
1-yr Hold
Absentee Owner
Property ID
US66-0683245
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1942
Total area
15,750 SF
Lot
0.15 ac (6,581 SF)
Zoning code
10-RM36
APN
04-60641
UPID
US66-0683245
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Okm12 LLC · 1 yrs held
Okm12 LLC
since 2025
Last sale
$3.8M
5 recorded transactions
Zoning & alternative use
10-RM36 · Toledo, OH
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 Toledo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Toledo 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$9,653
Tax year 2023
Assessed value
$102,445
Assessed 2023
Previous assessed
$102,445
+0.0% YoY
Effective rate
9.42%
On assessed value
Assessed land
$4,725
Assessed improvement
$97,720
Land market value
$13,500
Improvement market value
$279,200
Total market value
$292,700
Applied tax rate
4.0000
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
1942
Heating
NONE
Stories
3
Units
12
Total area
15,750 SF
Lot
0.15 ac (6,581 SF)
Zoning code
10-RM36
APN
04-60641
UPID
US66-0683245
Jurisdiction
LUCAS
Zoning & alternative use
10-RM36 · Toledo, OH
Zoning 10-RM36 · permitted uses
10-RM36 · Toledo, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Toledo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1942
Heating
NONE
Stories
3
Units
12
Lot
0.15 ac
Current owner
From public records · entity-resolved
Okm12 LLC
Entity
Mailing address
12419 N WING SHADOW LN, MARANA, AZ 85658-4718
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
May 14, 2025
$3,750,000
Okm12 LLC
Oa12 LLC
Warranty Deed
—
Jan 18, 2017
$22,000,000
Perth Place LLC
2445 West Bancroft LLC
Warranty Deed
$1,540,000 · Chemical Bank
Oct 23, 2013
$280,000
2445 W Bancroft LLC
David H Pritchard
Warranty Deed
$495,000 · Waterford Bank NA
Oct 21, 2013
$280,000
2445 W Bancroft LLC
Spitznagel David R
Grant Deed
$495,000 · Waterford Bank NA
Oct 18, 2012
—
David H Pritchard
Pritchard Elma J Trust
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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