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Property profile & analytics
OFF-MARKET
Estimated value
$1,890,000
Warehouses
2473 Belvo Rd 2485, Miamisburg, OH 45342-3909
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-1998268
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Total area
52,320 SF
Lot
3.23 ac (140,525 SF)
APN
K46 01115 0034
UPID
US66-1998268
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
-
FriendsOffice Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$1.89M
Owner & transaction history
Ivcp 2473 Belvo LLC · 4 yrs held
Ivcp 2473 Belvo LLC
since 2021
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.4M
+21.4%
Commercial (general)
$2.3M
+16.2%
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 Miamisburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miamisburg 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
$1,630,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,935,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,350,000
Change: +21% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,250,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$1.89M
Range $1.70M – $2.08M · ±10% · vs last sale $2.23M (Sep 16 2021)
Last sale anchor
$2.23M
Sep 16 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
$36 / 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
$53,065
Tax year 2023
Assessed value
$636,240
Assessed 2023
Previous assessed
$636,240
+0.0% YoY
Effective rate
8.34%
On assessed value
Assessed land
$67,210
Assessed improvement
$569,030
Land market value
$192,040
Improvement market value
$1,625,810
Total market value
$1,817,850
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
YES
Cooling
NONE
Stories
1
Total area
52,320 SF
Lot
3.23 ac (140,525 SF)
APN
K46 01115 0034
UPID
US66-1998268
Jurisdiction
MONTGOMERY
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
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Heating
YES
Cooling
Yes
Stories
1
Lot
3.23 ac
Current owner
From public records · entity-resolved
Ivcp 2473 Belvo LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2080 BYERS RD, MIAMISBURG, OH 45342-1167
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2022
—
Ivcp 2473 Bel Vo LLC
—
Deed
related
$2,200,000 · Genworth Life Insurance Company
Sep 16, 2021
$2,225,000
Ivcp 2473 Belvo LLC
Jade Holdings LLC
Warranty Deed
—
Oct 24, 2016
—
Jade Holdings LLC
—
Deed
related
$1,320,000 · Bank Of Ky
Oct 13, 2016
—
Jade Holdings LLC
—
Deed
related
$1,320,000 · Branch Bk&tr
Dec 14, 2012
—
Jade Holdings LLC
—
Deed Of Trust
related
$1,320,000 · Bank Of Ky
—
—
Jade Holdings LLC
—
Loan Modification
related
$1,320,000 · Bank Of Ky
—
—
Jade Holdings LLC
—
Loan Modification
related
$1,320,000 · Branch Bk&tr
—
—
Jade Holdings LLC
—
Deed Of Trust
related
$1,720,000 · Fifth Third Bank
—
—
Jade Holdings LLC
—
Deed Of Trust
related
$1,600,000 · Fifth Third Bank
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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