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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Industrial properties
3031 Dryden Rd Moraine, OH 45439-1619
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-5308037
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1961
Total area
27,694 SF
Lot
6.61 ac (287,844 SF)
APN
J44 20908 0083
UPID
US66-5308037
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
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.15M
Owner & transaction history
City Of Moraine · 5 yrs held
City Of Moraine
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.8M
+169.1%
Auto repair, garage
$1.7M
+155.5%
Retail stores
$1.7M
+147.0%
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 Moraine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Moraine 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
$1,070,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,830,000
Change: +169% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,735,000
Change: +155% · Conversion: Easy
RETAIL STORES
$1,680,000
Change: +147% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,385,000
Change: +104% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,375,000
Change: +102% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±10% · vs last sale $1.46M (Feb 2 2021)
Last sale anchor
$1.46M
Feb 2 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
$41 / 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
$50,061
Tax year 2023
Assessed value
$525,250
Assessed 2023
Previous assessed
$525,250
+0.0% YoY
Effective rate
9.53%
On assessed value
Assessed land
$115,640
Assessed improvement
$409,610
Land market value
$330,400
Improvement market value
$1,170,320
Total market value
$1,500,720
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1961
Heating
YES
Cooling
NONE
Buildings
3
Stories
1
Total area
27,694 SF
Lot
6.61 ac (287,844 SF)
APN
J44 20908 0083
UPID
US66-5308037
Jurisdiction
MONTGOMERY
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
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1961
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
6.61 ac
Current owner
From public records · entity-resolved
City Of Moraine
Entity
Free & Clear · 5 yrs held
Mailing address
2920 KREITZER RD, MORAINE, OH 45439-1644
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2025
—
Ernst Real Estate Corporation
—
Deed
related
$3,850,000 · Aegis Real Estate Capital LLC
Nov 7, 2023
—
Ernst Real Estate Corporation
—
Deed
related
—
Sep 20, 2022
—
Ernst Real Estate Corporation
—
Deed
related
$4,500,000 · Fifth Third Bank NA
Feb 2, 2021
—
City Of Moraine
Ernst R/e Corp
Quit Claim Deed
related
—
May 21, 2018
—
Ernst Real Estate Corp
—
Deed
related
$1,514,900 · Fifth Third Bk
Feb 26, 2016
$1,460,000
Ernst Real Estate Corp
Am Tooling LLC
Warranty Deed
—
—
—
Ernst Real Estate Corp
—
Deed Of Trust
related
$1,514,900 · Fifth Third Bk
—
—
Am Tooling LLC
—
Deed Of Trust
related
$70,000 · Huntington Nat'l Bk
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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