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Property profile & analytics
OFF-MARKET
Office buildings
31 Canal St Middletown, OH 45044
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-1001889
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1865
Total area
12,800 SF
Lot
0.06 ac (2,688 SF)
APN
Q6511-007.000-015
UPID
US66-1001889
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Iclean Professional Services LLC · 2 yrs held
Iclean Professional Services LLC
since 2024
Last sale
$115,000
7 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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
$2,009
Tax year 2023
Assessed value
$33,480
Assessed 2023
Previous assessed
$6,260
+434.8% YoY
Effective rate
6.00%
On assessed value
Assessed land
$3,290
Assessed improvement
$30,190
Land market value
$9,410
Improvement market value
$86,270
Total market value
$95,680
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1865
Heating
NONE
Cooling
NONE
Stories
3
Total area
12,800 SF
Lot
0.06 ac (2,688 SF)
APN
Q6511-007.000-015
UPID
US66-1001889
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
1865
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Iclean Professional Services LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4848 CEDAR BRK CT, LIBERTY TWP, OH 45011-0410
Ownership since
2024
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
Jul 18, 2024
$40,000
Iclean Professional Services LLC
Wafa Braun Tr Canal Bus Incubator I
Deed
—
Sep 9, 2022
$115,000
Asz Investment LLC
Wafa Braun
Fiduciary Deed
—
Nov 21, 2017
—
Incubator Canal B Trust
Fatna Rahemi
Quit Claim Deed
related
—
Mar 15, 2011
$15,000
Fatna Rahemi
Ib Property Holdings LLC
Grant Deed
—
Jul 9, 2007
$154,466
Ib Property Holdings LLC
Sheriff Of Butler County
Trustees Deed
related
—
Jan 7, 2005
—
Great Miami Real Estate LLC
—
Trustees Deed
related
$200,000 · National Bank & Trust Co
—
—
Great Miami Real Estate LLC
—
Deed Of Trust
related
$252,000 · Interbay Funding LLC
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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