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Property profile & analytics
OFF-MARKET
Banks
2601 Navarre Ave Oregon, OH 43616-3206
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1248912
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2019
Total area
2,792 SF
Lot
0.98 ac (42,645 SF)
Zoning code
40-C2
APN
44-21244
UPID
US66-1248912
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
Watterson Investment Group LLC · 7 yrs held
Watterson Investment Group LLC
since 2019
5 recorded transactions
Zoning & alternative use
40-C2 · Oregon, 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 Oregon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oregon 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
$59,806
Tax year 2023
Assessed value
$700,000
Assessed 2023
Previous assessed
$989,135
-29.2% YoY
Effective rate
8.54%
On assessed value
Assessed land
$386,225
Assessed improvement
$313,775
Land market value
$1,103,500
Improvement market value
$896,500
Total market value
$2,000,000
Applied tax rate
44.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2019
Heating
NONE
Stories
1
Total area
2,792 SF
Lot
0.98 ac (42,645 SF)
Zoning code
40-C2
APN
44-21244
UPID
US66-1248912
Jurisdiction
LUCAS
Zoning & alternative use
40-C2 · Oregon, OHZoning 40-C2 · permitted uses
40-C2 · Oregon, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2019
Heating
NONE
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Watterson Investment Group LLC
Entity
Mailing address
237 PARK AVE, NEW YORK, NY 10017-3140
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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 14, 2020
—
Watterson Inv LLC
—
Deed
related
$1,045,000 · Cibc Bk USA
Feb 28, 2019
$1,080,000
Watterson Investment Group LLC
Kiezi Lorenzen Properties LLC
Warranty Deed
$1,100,000 · Cibc Bank USA
Apr 20, 2018
—
Kiezi Lorenzen Properties LLC
N W Ohio INC
Grant Deed
—
Jun 4, 2013
$325,000
Louisville Title Agcy Of Nw Ohio Tr
Navarre Co
Warranty Deed
—
—
—
Watterson Inv LLC
—
Deed Of Trust
related
$1,045,000 · Cibc Bk USA
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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