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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Strip malls
2609 Venice Rd Sandusky, OH 44870-1947
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US66-0504289
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1976
Total area
94,167 SF
Lot
6.99 ac (304,572 SF)
APN
58-02625-000
UPID
US66-0504289
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
-
K&K PLAZA Shopping Center & Mall
-
Cold Creek Construction Co Construction Company General Contractor
-
Color Me Salon and Spa Hair Salon Nail Salon
-
AVI Foodsystems Inc Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$1.37M
Owner & transaction history
K & M Interiors Ltd · 12 yrs held
K & M Interiors Ltd
since 2014
7 recorded transactions
Zoning & alternative use
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 Sandusky submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sandusky 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
by Request
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±10%
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
$15 / 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
$40,000
Tax year 2023
Assessed value
$587,625
Assessed 2023
Previous assessed
$587,625
+0.0% YoY
Effective rate
6.81%
On assessed value
Assessed land
$41,965
Assessed improvement
$545,660
Land market value
$119,900
Improvement market value
$1,559,030
Total market value
$1,678,930
Applied tax rate
58.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1976
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
94,167 SF
Lot
6.99 ac (304,572 SF)
APN
58-02625-000
UPID
US66-0504289
Jurisdiction
ERIE
Zoning & alternative use
Zoning · permitted uses
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
1976
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
6.99 ac
Current owner
From public records · entity-resolved
K & M Interiors Ltd
Individual
Mailing address
2230 SUPERIOR ST, SANDUSKY, OH 44870-1843
Ownership since
2014
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
Mar 8, 2022
—
K & M Interiors Ltd
—
Deed
related
$5,000,000 · Civista Bank
Feb 7, 2020
—
K&m Interiors Ltd
—
Deed
related
$1,408,000 · Civista Bank
Apr 4, 2019
—
K & M Interiors Ltd
—
Grant Deed
related
$8,000,000 · Civista Bk
Jun 28, 2018
—
K & M Interiors Ltd
—
Grant Deed
related
$6,000,000 · Civista Bk
May 23, 2016
—
K & M Interiors Ltd
—
Deed
related
$3,000,000 · Civista Bank
Feb 19, 2014
$385,000
K & M Interiors Ltd
Home S & L Co Of Youngstown Oh
Grant Deed
—
Apr 14, 2011
$1,040,000
Home Savings & Loan Compan
Westgate Properties
Grant 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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