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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Office buildings
28 Shady Ln The Plains, OH 45780-1426
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-0852190
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2018
Total area
5,500 SF
Lot
6.58 ac (286,625 SF)
APN
A04-03001009-00
UPID
US66-0852190
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
-
Hoon Inc Design Builders Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$341k
Blend (final)
Blend
$505k
Owner & transaction history
Hupppm LLC · 1 yrs held
Hupppm LLC
since 2025
Last sale
$500,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$755,000
+77.7%
Restaurant
$545,000
+28.0%
Auto repair, garage
$515,000
+21.1%
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 The Plains submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs The Plains 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
$540,000
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$425,000
Current use
COMMERCIAL (GENERAL)
$755,000
Change: +78% · Conversion: Easy
RESTAURANT
$545,000
Change: +28% · Conversion: Moderate
AUTO REPAIR, GARAGE
$515,000
Change: +21% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$480,000
Change: +12% · Conversion: Easy
MEDICAL BUILDING
$435,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $500k (Jan 22 2025)
Last sale anchor
$500k
Jan 22 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
$92 / 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
$10,772
Tax year 2023
Assessed value
$110,610
Assessed 2023
Previous assessed
$110,610
+0.0% YoY
Effective rate
9.74%
On assessed value
Assessed land
$41,640
Assessed improvement
$68,970
Land market value
$118,960
Improvement market value
$197,060
Total market value
$316,020
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2018
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Units
1
Rooms
5
Bathrooms
1
Total area
5,500 SF
Lot
6.58 ac (286,625 SF)
APN
A04-03001009-00
UPID
US66-0852190
Jurisdiction
ATHENS
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
$425,000
COMMERCIAL (GENERAL)
Est. value
$755,000
RESTAURANT
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$515,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$480,000
MEDICAL BUILDING
Est. value
$435,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2018
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Rooms
5
Bathrooms
1
Lot
6.58 ac
Current owner
From public records · entity-resolved
Hupppm LLC
Entity
Mailing address
PO BOX 804, ATHENS, OH 45701-0804
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2025
$500,000
Hupppm LLC
Hoon INC
Warranty Deed
$500,000 · The First Natl Bank Of Mcconnelsville
Sep 25, 2018
$81,000
Hoon INC
Karmat Development LLC
Warranty Deed
$300,000 · Hocking Valley Bank
Nov 17, 2011
—
Karmat Development LLC
Karmat Development
Warranty Deed
—
Nov 4, 2011
$54,500
Karmat Development LLC
Barbara Mason Josten
Correction Deed
related
—
Sep 28, 2011
$54,500
Karmat Development
Barbara Mason Josten
Sheriffs 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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