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Property profile & analytics
OFF-MARKET
Estimated value
$4,665,000
Strip malls
2951 Navarre Ave Oregon, OH 43616-3305
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2746615
Property summary
AI-generated overview
Navarre Crossing, a thriving shopping center in Oregon, Ohio, presents a compelling investment opportunity. This multi-tenant property boasts 15,233 square feet across two single-story buildings situated on a 2.21-acre lot. Built in 2013, the center enjoys a 100% occupancy rate, housing a diverse mix of established national and local tenants including Panera Bread, Verizon Wireless, Penn Station, WingStop, Deet's BBQ, and Sport Clips. The property's strong tenant roster contributes to a robust net operating income (NOI) of $392,328, translating to an attractive 7.00% capitalization rate. The asking price is $5,604,686, representing a price per square foot of $367.93. Located at 2951 Navarre Avenue, Oregon, OH 43616, this property benefits from its prime location within Lucas County. This well-maintained, fully occupied shopping center offers a stable and lucrative investment prospect with significant potential for future growth. The property's strong performance and desirable tenant mix make it an ideal addition to any investment portfolio. Detailed financial information is available upon request.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2010
Total area
8,200 SF
Lot
1.46 ac (63,772 SF)
APN
44-21048
UPID
US66-2746615
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
$4.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.67M
Owner & transaction history
Cl Navarre Crossing Oh LLC · 1 yrs held
Cl Navarre Crossing Oh LLC
since 2025
Last sale
$5.0M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Oregon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oregon 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
$4,375,000
ML approach
$4,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.67M
Range $4.20M – $5.13M · ±10% · vs last sale $4.95M (Jan 22 2025)
Last sale anchor
$4.95M
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
$569 / 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
$44,921
Tax year 2023
Assessed value
$528,675
Assessed 2023
Previous assessed
$528,675
+0.0% YoY
Effective rate
8.50%
On assessed value
Assessed land
$112,455
Assessed improvement
$416,220
Land market value
$321,300
Improvement market value
$1,189,200
Total market value
$1,510,500
Applied tax rate
44.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2010
Heating
NONE
Stories
1
Total area
8,200 SF
Lot
1.46 ac (63,772 SF)
APN
44-21048
UPID
US66-2746615
Jurisdiction
LUCAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Stories
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
Cl Navarre Crossing Oh LLC
Entity
Mailing address
2600 W BIG BEAVER RD STE #410, TROY, MI 48084-3342
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2025
$4,950,000
Cl Navarre Crossing Oh LLC
Shaeena & Allos LLC
Deed
—
Nov 29, 2017
$3,900,000
Shaeena & Alios LLC
Hannawa Holdings Adrian LLC
Trustees Deed
$3,000,000 · Croghan Colonial Bk
Apr 29, 2015
$3,625,000
Hannawa Holdings Adrian LLC
Navarre Crossings LLC
Limited Warranty Deed
—
Mar 1, 2010
—
Navarre Crossings LLC
Navarre Crossings LLC
Quit Claim 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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