Entity Owned Property summary
This exceptional investment opportunity presents a fee-simple interest in a 7,000 square foot Advance Auto Parts store situated on a 1.324-acre lot at 255 Meadowglen Dr, Ottawa, OH 45875. The property boasts a strong 8.52% cap rate, generating a net operating income (NOI) of $72,410 annually. Built in 2006, this single-story building features 36 parking spaces and benefits from a modified NNN lease with 3.5 years remaining until the next option period. The lease, originally commencing… November 15, 2006, and expiring December 31, 2026, includes three five-year renewal options with rent increases of 8-10% in each option period. The tenant, Advance Auto Parts, is responsible for all expenses except building structure and general liability insurance, including real estate taxes (100% reimbursement to landlord), roof, parking lot, insurance, interior and exterior maintenance, HVAC, utilities, and landscaping. The property enjoys a prime location in a primary retail corridor, over 20 miles from the nearest comparable retail center, and is strategically positioned near major national retailers such as Walmart, Wendy's, Arby's, Dollar General, and Ottawa Chevrolet. The asking price is $850,000, translating to $151 per square foot. This presents a compelling investment opportunity with significant upside potential.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
5 recorded sales · 8 properties nearbyComparable nearby
Similar in This City for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 1.32 ac
- APN
- 32-224000.0000
- Assessed value · 2023
- $163,900
- Annual tax · 2023
- $6,914
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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