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Property profile & analytics
FOR LEASE
Strip malls
3316 Navarre Ave Oregon, OH 43616
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-0256810
For Lease
1 / 24
$9.75 SF/Yr
3316 Navarre Ave, Oregon, OH 43616
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Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1961
Total area
28,809 SF
Lot
2.41 ac (105,110 SF)
Zoning code
40-C2
APN
44-23074
UPID
US66-0256810
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
$4.20M
CAP Approach
CAP
$3.38M
Comparable Approach
Comparable
$3.04M
Blend (final)
Blend
$4.10M
Owner & transaction history
Amba Estates Daytona Beach El LLC · 4 yrs held
Amba Estates Daytona Beach El LLC
since 2022
Last sale
$4.1M
6 recorded transactions
Zoning & alternative use
40-C2 · Oregon, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+123.8%
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 Oregon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oregon 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
$4,105,000
ML approach
$4,200,000
CAP Approach
CAP Return
Estimation
6%
$3,655,000
6.5%
$3,375,000
7%
$3,135,000
Alternative Use
Use
Estimation
RESTAURANT
$4,545,000
Change: +124% · Conversion: Difficult
Blend value · Realmo final
$4.10M
Range $3.69M – $4.51M · ±10% · vs last sale $4.05M (Feb 28 2022)
Last sale anchor
$4.05M
Feb 28 2022
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
$142 / 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
$91,542
Tax year 2023
Assessed value
$1,079,015
Assessed 2023
Previous assessed
$1,079,015
+0.0% YoY
Effective rate
8.48%
On assessed value
Assessed land
$64,750
Assessed improvement
$1,014,265
Land market value
$185,000
Improvement market value
$2,897,900
Total market value
$3,082,900
Applied tax rate
44.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1961
Heating
NONE
Stories
1
Total area
28,809 SF
Lot
2.41 ac (105,110 SF)
Zoning code
40-C2
APN
44-23074
UPID
US66-0256810
Jurisdiction
LUCAS
Zoning & alternative use
40-C2 · Oregon, OHZoning 40-C2 · permitted uses
40-C2 · Oregon, OH
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
$4.5M
RESTAURANT
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
NONE
Stories
1
Lot
2.41 ac
Current owner
From public records · entity-resolved
Amba Estates Daytona Beach El LLC
Entity
Free & Clear · 4 yrs held
Mailing address
30 COMPASS ISLE, FT LAUDERDALE, FL 33308
Ownership since
2022
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
Feb 28, 2022
$4,050,000
Amba Estates Daytona Beach El LLC
Marshall R Realty LLC
Special Warranty Deed
—
Jun 18, 2019
$3,850,000
Mashall R Realty LLC
3316 Navarre LLC
Limited Warranty Deed
$1,904,000 · Wells Fargo Bank NA
Oct 13, 2016
—
3316 Navarre LLC
—
Deed
related
$600,000 · The Farmers & Merchants State Bank
Mar 30, 2011
$400,000
3316 Navarre LLC
Tinsley Holding LLC
Warranty Deed
—
Aug 10, 2004
$700,000
Tinsley Holding LLC
Eastgate All-star Lanes INC
Warranty Deed
$275,000 · Genoa Banking Co
—
—
3316 Navarre LLC
—
Deed Of Trust
related
$400,000 · No Lender On Document
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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