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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Office buildings
2725 Tracy Rd Northwood, OH 43619
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-1258336
Property summary
AI-generated overview
This single-tenant office building, located at 2725 Tracy Rd, Northwood, OH 43619, offers 14,134 square feet of space on a 4.28-acre lot. The building, constructed in 1998, is a one-story structure with a modern design and practical layout situated at the corner of Tracy Rd and McNerny. The property features 31+ parking spaces and is zoned M-2. The building boasts 5" reinforced concrete floors, an overhead door, floor drains throughout, and 20-amp/30-amp power drops. Past uses included approximately 2,670 square feet of shop space. A second parcel (M50-812-310000075000) in Wood County is included. The property enjoys convenient access to I-75. The building is currently vacant and available for lease at $8.00 per square foot, NNN, or for sale at $1,150,000. The property's Assessed Parcel Number (APN) is M50-812-310000075001.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
13,954 SF
Lot
1.29 ac (56,192 SF)
APN
M50-812-3100-00-075.001
UPID
US66-1258336
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
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$904k
Blend (final)
Blend
$975k
Owner & transaction history
1000964471 Ohio INC · 1 yrs held
1000964471 Ohio INC
since 2025
Last sale
$970,400
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.4M
+17.9%
Retail stores
$1.4M
+14.4%
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 Northwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northwood 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
$1,045,000
ML approach
$1,175,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,220,000
Current use
INDUSTRIAL (GENERAL)
$1,440,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$1,395,000
Change: +14% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,085,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $970k (Apr 8 2025)
Last sale anchor
$970k
Apr 8 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
$70 / 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
$13,173
Tax year 2023
Assessed value
$165,130
Assessed 2023
Previous assessed
$259,000
-36.2% YoY
Effective rate
7.98%
On assessed value
Assessed land
$27,090
Assessed improvement
$138,040
Land market value
$77,400
Improvement market value
$394,400
Total market value
$471,800
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1998
Heating
NONE
Stories
1
Total area
13,954 SF
Lot
1.29 ac (56,192 SF)
APN
M50-812-3100-00-075.001
UPID
US66-1258336
Jurisdiction
WOOD
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
OFFICE BUILDING Current
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.1M
OFFICE BUILDING Current
INDUSTRIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1998
Heating
NONE
Stories
1
Lot
1.29 ac
Current owner
From public records · entity-resolved
1000964471 Ohio INC
Entity
Free & Clear · 1 yrs held
Mailing address
655 FOX RUN RD, FINDLAY, OH 45840-8401
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2025
$970,400
1000964471 Ohio INC
Koehler Brothers INC
Warranty Deed
—
Apr 3, 2020
$630,033
Koehler Brothers INC
Reece Bros Ltd II
Warranty Deed
—
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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