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Property profile & analytics
OFF-MARKET
Estimated value
$43,350,000
Warehouses
2893 Fair Ave Lancaster, OH 43130-8993
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2469128
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Total area
927,689 SF
Lot
65.57 ac (2,856,229 SF)
APN
053-10040.00
UPID
US66-2469128
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
-
Anchor Hocking Warehouse & Storage
-
Wear Ever Co Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$44.54M
Blend (final)
Blend
$43.35M
Owner & transaction history
One Point Three LLC · 4 yrs held
One Point Three LLC
since 2021
Last sale
$42.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$66.2M
+37.3%
Industrial (general)
$56.9M
+18.1%
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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
$38,010,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$48,185,000
Current use
OFFICE BUILDING
$66,155,000
Change: +37% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$56,895,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$43.35M
Range $39.02M – $47.69M · ±10% · vs last sale $42.93M (Sep 7 2021)
Last sale anchor
$42.93M
Sep 7 2021
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
$47 / 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
$973,497
Tax year 2023
Assessed value
$10,745,000
Assessed 2023
Previous assessed
$10,745,000
+0.0% YoY
Effective rate
9.06%
On assessed value
Assessed land
$1,039,000
Assessed improvement
$9,706,000
Land market value
$2,968,560
Improvement market value
$27,731,440
Total market value
$30,700,000
Applied tax rate
53.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1969
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
927,689 SF
Lot
65.57 ac (2,856,229 SF)
APN
053-10040.00
UPID
US66-2469128
Jurisdiction
FAIRFIELD
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
WAREHOUSE, STORAGE Current
Est. value
$48.2M
OFFICE BUILDING
Est. value
$66.2M
INDUSTRIAL (GENERAL)
Est. value
$56.9M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1969
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
65.57 ac
Current owner
From public records · entity-resolved
One Point Three LLC
Entity
Mailing address
525 FASHION AVE RM #1406, NEW YORK, NY 10018-4976
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2021
$42,925,000
One Point Three LLC
G&i Ix Anchor Hock LLC
Limited Warranty Deed
$26,900,000 · Readycap Commercial LLC
Oct 1, 2018
—
G & I Ix Anchor Hock LLC
—
Loan Modification
related
$96,000,000 · Bank Of America
Sep 7, 2017
$23,000,000
G & I Ix Anchor Hock LLC
Canam Po LP
Trustees Deed
$76,000,000 · Bank Of America
May 8, 2012
—
Canam Po LP
—
Deed Of Trust
related
$85,000,000 · Ing Life Ins & Annunity Co
Apr 6, 2012
—
Anchor Hocking LLC
—
Deed Of Trust
related
$100,000,000 · Wells Fargo Bank
Sep 6, 2011
$103,490
Canam Po LP
Nl Ventures Vi West Fair LLC
Grant Deed
—
Dec 30, 2008
—
Four M Investments II LLC
—
Deed Of Trust
related
$9,000,000 · Bank Of America
Dec 4, 2007
—
Nl Ventures Vi West Fair LLC
—
Deed Of Trust
related
$20,000,000 · Lasalle National Bank
Oct 9, 2007
—
Nl Ventures Vi West Fair LLC
—
Grant Deed
related
$25,000,000 · Lasalle National Bank
May 8, 2007
$1,625,800
Anchor Acquisition LLC
Anchor Hocking Cg Operating
Grant Deed
related
$13,000,000 · Monomoy Capital Partners LP
Jan 12, 2005
—
City Of Lancaster
Anchor Hocking Cg Operating
Warranty Deed
—
—
—
Anchor Hocking LLC
—
Deed Of Trust
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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