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Property profile & analytics
FOR SALE
Retail space
30 Seven Mile Ave New Miami, OH 45011
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-0241084
For Sale
1 / 29
$1,200,000
30 Seven Mile Ave, New Miami, OH 45011
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Total area
5,092 SF
Lot
0.26 ac (11,366 SF)
APN
L5300-003.000-082
UPID
US66-0241084
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
-
New Miami Party Supply Grocery & Convenience Store
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jatinkumar J Patel · 3 yrs held
Jatinkumar J Patel
since 2023
Last sale
$235,000
5 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 New Miami submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Miami 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,059
Tax year 2023
Assessed value
$47,370
Assessed 2023
Previous assessed
$47,370
+0.0% YoY
Effective rate
4.35%
On assessed value
Assessed land
$3,980
Assessed improvement
$43,390
Land market value
$11,370
Improvement market value
$123,960
Total market value
$135,330
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1920
Heating
HOT WATER
Cooling
WINDOW A/C
Stories
2
Units
3
Total area
5,092 SF
Lot
0.26 ac (11,366 SF)
APN
L5300-003.000-082
UPID
US66-0241084
Jurisdiction
BUTLER
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
1920
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
3
Lot
0.26 ac
Current owner
From public records · entity-resolved
Jatinkumar J Patel
Individual
Mailing address
6329 HEDGEROW DR, WEST CHESTER, OH 45069-1899
Ownership since
2023
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
Jun 14, 2023
$235,000
Jatinkumar J Patel
Mark A Pennington
Warranty Deed
$188,000 · Park National Bank
Apr 24, 2023
—
Mark A Penninglon
—
Deed
related
$59,989 · First Financial Bank
May 22, 2020
—
Mark A Pennington
Mark A Pennington
Quit Claim Deed
related
—
Jul 9, 2004
—
Pennington,carol F Tr
Pennington Carol F
Quit Claim Deed
related
—
Oct 1, 2002
$240,000
Pennington,carol F Tr
Black,tr
Grant Deed
$192,000 · First Financial Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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