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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Office Spaces
2633 State Rte 59, Ravenna, OH 44266-1684
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1651048
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1973
Total area
13,311 SF
Lot
2.44 ac (106,374 SF)
APN
29-357-00-00-002
UPID
US66-1651048
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
$779k
Blend (final)
Blend
$725k
Owner & transaction history
Sibley Mart LLC · 1 yrs held
Sibley Mart LLC
since 2025
Last sale
$775,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+9.2%
Apartment house (5+ units)
$1.0M
+7.9%
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 Ravenna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ravenna 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$940,000
Current use
AUTO REPAIR, GARAGE
$1,025,000
Change: +9% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,010,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $775k (Feb 13 2025)
Last sale anchor
$775k
Feb 13 2025
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
$54 / 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
$13,304
Tax year 2023
Assessed value
$186,520
Assessed 2023
Previous assessed
$186,520
+0.0% YoY
Effective rate
7.13%
On assessed value
Assessed land
$36,160
Assessed improvement
$150,360
Land market value
$103,300
Improvement market value
$429,600
Total market value
$532,900
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1973
Heating
NONE
Cooling
YES
Stories
1
Total area
13,311 SF
Lot
2.44 ac (106,374 SF)
APN
29-357-00-00-002
UPID
US66-1651048
Jurisdiction
PORTAGE
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
COMMERCIAL (GENERAL) Current
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1973
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.44 ac
Current owner
From public records · entity-resolved
Sibley Mart LLC
Entity
Free & Clear · 1 yrs held
Mailing address
657 LONGMERE DR, KENT, OH 44240-3450
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2026
—
Sibley Mart LLC
—
Deed
related
$5,048,877 · Ssb Community Bank
May 13, 2025
$775,000
Sibley Mart LLC
Orchard Plaza LLC
Deed
—
Aug 27, 2024
—
Adroit Real Estate LLC
—
Deed
related
$400,000 · Portage Community Bank
Feb 21, 2002
—
Orchard Plaza LLC
Aple-brueggeman,myrna L
Grant Deed
related
—
May 14, 1998
$97,900
Myrna L Apel-bruggeman
Orchard Plaza
Grant Deed
$299,000 · Huntington National Bank
—
—
Orchard Plaza LLC
—
Deed Of Trust
related
$110,000 · Portage Cmnty Bk
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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