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Property profile & analytics
OFF-MARKET
Estimated value
$4,725,000
Outlet malls
300 Aurora Cmns Cir Aurora, OH 44202-8828
Entity Owned
9-yr Hold
Free & Clear
Property ID
US66-1947103
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1973
Total area
67,020 SF
Lot
16.27 ac (708,765 SF)
APN
03-018-00-00-033
UPID
US66-1947103
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
by Request
CAP Approach
CAP
$4.07M
Comparable Approach
Comparable
$5.48M
Blend (final)
Blend
$4.73M
Owner & transaction history
Optimus Aurora LLC · 9 yrs held
Optimus Aurora LLC
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.2M
+8.4%
Apartment house (5+ units)
$5.1M
+7.0%
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 Aurora submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aurora 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%
$4,405,000
6.5%
$4,065,000
7%
$3,775,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,760,000
Current use
AUTO REPAIR, GARAGE
$5,160,000
Change: +8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,095,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,725,000
Change: -1% · Conversion: Easy
WAREHOUSE, STORAGE
$4,250,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$4.73M
Range $4.25M – $5.20M · ±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
$71 / 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
$150,946
Tax year 2023
Assessed value
$2,046,450
Assessed 2023
Previous assessed
$2,046,450
+0.0% YoY
Effective rate
7.38%
On assessed value
Assessed land
$778,960
Assessed improvement
$1,267,490
Land market value
$2,225,600
Improvement market value
$3,621,400
Total market value
$5,847,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1973
Heating
NONE
Cooling
YES
Stories
1
Total area
67,020 SF
Lot
16.27 ac (708,765 SF)
APN
03-018-00-00-033
UPID
US66-1947103
Jurisdiction
PORTAGE
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
RETAIL STORES Current
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$4.7M
WAREHOUSE, STORAGE
Est. value
$4.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1973
Heating
NONE
Cooling
Yes
Stories
1
Lot
16.27 ac
Current owner
From public records · entity-resolved
Optimus Aurora LLC
Entity
Free & Clear · 9 yrs held
Mailing address
2949 HUNTINGTON WAY, AURORA, OH 44202-8766
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2017
$30,000
Optimus Aurora LLC
Sgo Aurora Commons LLC
Warranty Deed
related
—
Mar 16, 2015
$7,200,000
Sgo Aurora Commons LLC
Srt Aurora Commons LLC
Trustees Deed
$34,000,000 · Bank Of America
Aug 15, 2012
—
Tnp Srt Aurora Commons LLC
Gallagher Terence L
Grant Deed
related
—
Mar 23, 2012
$18,000
Tnp Srt Aurora Commons LLC
H & S Co Ltd
Grant Deed
$150,000,000 · Key Bank NA
Jan 31, 2000
—
H & S Co Ltd
T W Grogan Co
Grant Deed
$3,300,000 · Provident Savings Bank
—
—
T W Grogan Co
—
Deed Of Trust
related
$2,000,000 · Enterprise Bank Of Bellevue
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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