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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Apartment buildings
3031 Main St Rock Creek, OH 44084
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-3300802
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Construction
WOOD
Total area
7,704 SF
Lot
12.62 ac (549,640 SF)
APN
35-018-00-014-00
UPID
US66-3300802
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
$755k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$471k
Blend (final)
Blend
$715k
Owner & transaction history
Cedar Creek Dev Co LLC · 14 yrs held
Cedar Creek Dev Co LLC
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$525,000
+58.3%
Office building
$475,000
+42.6%
Commercial (general)
$435,000
+30.2%
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 Rock Creek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rock Creek 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
$755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$525,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$475,000
Change: +43% · Conversion: Moderate
COMMERCIAL (GENERAL)
$435,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$93 / 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
$80,338
Tax year 2023
Assessed value
$1,218,290
Assessed 2023
Previous assessed
$764,230
+59.4% YoY
Effective rate
6.59%
On assessed value
Assessed land
$48,690
Assessed improvement
$1,169,600
Land market value
$139,100
Improvement market value
$3,341,700
Total market value
$3,480,800
Applied tax rate
35.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
7
Stories
1
Rooms
12
Bathrooms
4
Total area
7,704 SF
Lot
12.62 ac (549,640 SF)
APN
35-018-00-014-00
UPID
US66-3300802
Jurisdiction
ASHTABULA
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
RESTAURANT
Est. value
$525,000
OFFICE BUILDING
Est. value
$475,000
COMMERCIAL (GENERAL)
Est. value
$435,000
RESTAURANT
OFFICE BUILDING
COMMERCIAL (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
2018
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
7
Rooms
12
Bathrooms
4
Lot
12.62 ac
Current owner
From public records · entity-resolved
Cedar Creek Dev Co LLC
Entity
Free & Clear · 14 yrs held
Mailing address
1623 STATE RTE 45TH S, JEFFERSON, OH 44047
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2021
—
Cedar Creek Development Company LLC
—
Deed
related
$600,000 · The Middlefield Banking Co
Apr 5, 2019
—
Cedar Creek Dev Co LLC
—
Deed
related
$720,000 · Middlefield Bkng
Nov 22, 2017
—
Daniel T Knight
—
Deed
related
$542,400 · Middlefield Bkng
Mar 8, 2012
—
Cedar Creek Dev Co LLC
Knight,daniel T & Shelley A
Quit Claim Deed
related
—
Jun 7, 2007
$75,000
Daniel T Knight
Janson,ralph & Virginia L
Warranty Deed
$63,750 · Farm Credit Svcs Mid-america
—
—
Cedar Creek Dev Co LLC
—
Deed Of Trust
related
$720,000 · Middlefield Bkng
—
—
Daniel T Knight
—
Deed Of Trust
related
$542,400 · Middlefield Bkng
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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