New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,630,000
Manufacturing properties
2550 Henkle Dr, Lebanon, OH 45036-7793
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1159123
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2004
Construction
CONCRETE
Total area
18,000 SF
Lot
3.12 ac (136,038 SF)
APN
12-03-263-003-0
UPID
US66-1159123
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
$1.72M
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.63M
Owner & transaction history
2550 Henkle Drive LLC · 4 yrs held
2550 Henkle Drive LLC
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.0M
+144.0%
Neighborhood: shopping center
$2.0M
+138.2%
Auto repair, garage
$1.9M
+124.2%
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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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
$1,610,000
ML approach
$1,715,000
CAP Approach
CAP Return
Estimation
6%
$1,235,000
6.5%
$1,140,000
7%
$1,055,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,040,000
Change: +144% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,990,000
Change: +138% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,875,000
Change: +124% · Conversion: Easy
OFFICE BUILDING
$1,235,000
Change: +48% · Conversion: Difficult
RETAIL STORES
$1,215,000
Change: +45% · Conversion: Moderate
Blend value · Realmo final
$1.63M
Range $1.47M – $1.79M · ±10% · vs last sale $1.60M (May 16 2022)
Last sale anchor
$1.60M
May 16 2022
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
$91 / 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
$28,393
Tax year 2023
Assessed value
$516,824
Assessed 2023
Previous assessed
$516,824
+0.0% YoY
Effective rate
5.49%
On assessed value
Assessed land
$54,649
Assessed improvement
$462,175
Land market value
$156,140
Improvement market value
$1,320,500
Total market value
$1,476,640
Applied tax rate
61.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
18,000 SF
Lot
3.12 ac (136,038 SF)
APN
12-03-263-003-0
UPID
US66-1159123
Jurisdiction
WARREN
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
MEDICAL BUILDING
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2004
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.12 ac
Current owner
From public records · entity-resolved
2550 Henkle Drive LLC
Entity
Mailing address
110 DEWEY DR, NICHOLASVILLE, KY 40356-7123
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2022
$1,600,000
2550 Henkle Drive LLC
Tall Timber Properties LLC
Limited Warranty Deed
$1,280,000 · Independence Bank Of Kentucky
Feb 2, 2017
—
Tall Timber Properties LLC
—
Trustees Deed
related
$1,804,100 · Huntington Nat'l Bk
Jun 28, 2004
—
City Of Lebanon
Bunnell Hill Dev Co INC
Warranty Deed
related
—
—
—
Tall Timber Properties LLC
—
Deed Of Trust
related
$408,950 · Fifth Third Bk
—
—
Tall Timber Properties LLC
—
Deed Of Trust
related
$423,000 · Certified Dev Co/butler County
—
—
Tall Timber Properties LLC
—
Deed Of Trust
related
$511,197 · Fifth Third Bk
—
—
Tall Timber Properties LLC
—
Deed Of Trust
related
$1,800,000 · General Elec Evendale Emps FCU
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2550 Henkle Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
