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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Medical Office Space
278 Benedict Ave Norwalk, OH 44857-2399
Entity Owned
Absentee Owner
Free & Clear
Property ID
US66-2406201
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Total area
6,060 SF
Lot
1.61 ac (70,306 SF)
APN
33-004N-01-003-0114
UPID
US66-2406201
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
-
James Douglas Kasten Physician
-
Smith Donald B MD Physician Medical Clinic
-
Teresa Lampe Physician
-
Michael Nill, M.D., FACS Physician
-
Fisher-Titus General Surgery Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$816k
Blend (final)
Blend
$740k
Owner & transaction history
FISHER TITUS MEDICAL CENTER
FISHER TITUS MEDICAL CENTER
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$895,000
+46.7%
Apartment house (5+ units)
$825,000
+34.8%
Office building
$730,000
+19.6%
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 Norwalk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwalk 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
MEDICAL BUILDING
$610,000
Current use
COMMERCIAL (GENERAL)
$895,000
Change: +47% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$825,000
Change: +35% · Conversion: Moderate
OFFICE BUILDING
$730,000
Change: +20% · Conversion: Easy
RESTAURANT
$705,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$590,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$570,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±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
$122 / 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
$14,698
Tax year 2023
Assessed value
$294,340
Assessed 2023
Previous assessed
$294,340
+0.0% YoY
Effective rate
4.99%
On assessed value
Assessed land
$26,080
Assessed improvement
$268,260
Land market value
$74,500
Improvement market value
$766,470
Total market value
$840,970
Applied tax rate
33.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Heating
NONE
Stories
2
Total area
6,060 SF
Lot
1.61 ac (70,306 SF)
APN
33-004N-01-003-0114
UPID
US66-2406201
Jurisdiction
HURON
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 Current
Est. value
$610,000
COMMERCIAL (GENERAL)
Est. value
$895,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$825,000
OFFICE BUILDING
Est. value
$730,000
RESTAURANT
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$590,000
RETAIL STORES
Est. value
$570,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
2002
Heating
NONE
Stories
2
Lot
1.61 ac
Current owner
From public records · entity-resolved
FISHER TITUS MEDICAL CENTER
Individual
Free & Clear · 0 yrs held
Mailing address
272 BENEDICT AVE, NORWALK, OH 44857-2374
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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