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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Manufacturing properties
323 Commerce Rd Wapakoneta, OH 45895-8373
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-2515736
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2001
Total area
15,445 SF
Lot
4.04 ac (175,939 SF)
APN
I45-045-004-03
UPID
US66-2515736
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
$763k
Blend (final)
Blend
$635k
Owner & transaction history
Northwest Ohio Holdings LLC · 10 yrs held
Northwest Ohio Holdings LLC
since 2016
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$975,000
+118.6%
Retail stores
$935,000
+109.3%
Auto repair, garage
$760,000
+70.2%
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 Wapakoneta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wapakoneta 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$445,000
Current use
APARTMENT HOUSE (5+ UNITS)
$975,000
Change: +119% · Conversion: Difficult
RETAIL STORES
$935,000
Change: +109% · Conversion: Moderate
AUTO REPAIR, GARAGE
$760,000
Change: +70% · Conversion: Easy
WAREHOUSE, STORAGE
$550,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$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
$7,913
Tax year 2023
Assessed value
$191,120
Assessed 2023
Previous assessed
$191,120
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$11,400
Assessed improvement
$179,720
Land market value
$32,580
Improvement market value
$513,480
Total market value
$546,060
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
15,445 SF
Lot
4.04 ac (175,939 SF)
APN
I45-045-004-03
UPID
US66-2515736
Jurisdiction
AUGLAIZE
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
INDUSTRIAL (GENERAL) Current
Est. value
$445,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$975,000
RETAIL STORES
Est. value
$935,000
AUTO REPAIR, GARAGE
Est. value
$760,000
WAREHOUSE, STORAGE
Est. value
$550,000
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.04 ac
Current owner
From public records · entity-resolved
Northwest Ohio Holdings LLC
Entity
Mailing address
2220 W BREESE RD, LIMA, OH 45806-1714
Ownership since
2016
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
Apr 13, 2017
—
Northwest Ohio Holdings LLC
—
Deed
related
$275,000 · Verne Peake
Mar 13, 2017
—
Northwest Ohio Holdings LLC
—
Deed
related
$555,000 · First Federal Bank
Jun 23, 2016
$700,000
Northwest Ohio Holdings LLC
Kan-323 Commerce Drive LLC
Warranty Deed
$500,000 · First Fed'l Bk/the Midwest
Oct 18, 2012
$420,000
Kan-323 Commerce Drive LLC
Commerce Drive Investments LLC
Warranty Deed
related
$336,000 · J P Morgan Chase Bank
—
—
Northwest Ohio Holdings LLC
—
Deed Of Trust
related
$275,000 · Verne Peake
—
—
Northwest Ohio Holdings LLC
—
Deed Of Trust
related
$555,000 · First Federal Bank
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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