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Property profile & analytics
OFF-MARKET
Estimated value
$14,000,000
Warehouses
31 Curtis Dr, Shelby, OH 44875-8400
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-2128398
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Total area
172,800 SF
Lot
33.6 ac (1,463,616 SF)
APN
036-81-230-23-000
UPID
US66-2128398
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
$14.00M
CAP Approach
CAP
$13.27M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.00M
Owner & transaction history
31 Curtis Drive LLC · 2 yrs held
31 Curtis Drive LLC
since 2024
Last sale
$14.0M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.0M
+224.6%
Office building
$12.2M
+132.2%
Retail stores
$10.5M
+100.1%
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 Shelby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby 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
$14,000,000
ML approach
$14,000,000
CAP Approach
CAP Return
Estimation
6%
$14,370,000
6.5%
$13,265,000
7%
$12,320,000
Alternative Use
Use
Estimation
RESTAURANT
$16,990,000
Change: +225% · Conversion: Difficult
OFFICE BUILDING
$12,150,000
Change: +132% · Conversion: Difficult
RETAIL STORES
$10,475,000
Change: +100% · Conversion: Moderate
MEDICAL BUILDING
$10,265,000
Change: +96% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,650,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,840,000
Change: +69% · Conversion: Easy
Blend value · Realmo final
$14.00M
Range $12.60M – $15.40M · ±10% · vs last sale $14.00M (Apr 29 2024)
Last sale anchor
$14.00M
Apr 29 2024
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
$81 / 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
$28,881
Tax year 2023
Assessed value
$498,650
Assessed 2023
Previous assessed
$498,650
+0.0% YoY
Effective rate
5.79%
On assessed value
Assessed land
$71,130
Assessed improvement
$427,520
Land market value
$203,240
Improvement market value
$1,221,490
Total market value
$1,424,730
Applied tax rate
3,681.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
NONE
Stories
1
Total area
172,800 SF
Lot
33.6 ac (1,463,616 SF)
APN
036-81-230-23-000
UPID
US66-2128398
Jurisdiction
RICHLAND
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
$17.0M
OFFICE BUILDING
Est. value
$12.2M
RETAIL STORES
Est. value
$10.5M
MEDICAL BUILDING
Est. value
$10.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.7M
AUTO REPAIR, GARAGE
Est. value
$8.8M
RESTAURANT
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
33.6 ac
Current owner
From public records · entity-resolved
31 Curtis Drive LLC
Entity
Free & Clear · 2 yrs held
Mailing address
18 ALLISON DR, SHELBY, OH 44875-2141
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2024
—
31 Curtis Drive LLC
Mid-state Associates LLC
Quit Claim Deed
related
—
Nov 22, 2023
—
Mid State Associates LLC
Mid State Associates LLC
Intrafamily Transfer
related
—
May 9, 2023
$14,000,000
Central Illinois Associates LLC
Shelby Horizons Ltd
Warranty Deed
$7,763,380 · Shelby Horizons Ltd
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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