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Property profile & analytics
OFF-MARKET
Commercial real estate
340 Locust St Lancaster, OH 43130
Individually Owned
5-yr Hold
Free & Clear
Property ID
US66-2597434
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1880
Construction
STEEL FRAME
Total area
341 SF
Lot
0.2 ac (8,760 SF)
APN
053-50764.00
UPID
US66-2597434
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
Fairfield Cnty Alcohol Drug Addicti · 5 yrs held
Fairfield Cnty Alcohol Drug Addicti
since 2021
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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
$888
Tax year 2023
Assessed value
$9,800
Assessed 2023
Previous assessed
$9,800
+0.0% YoY
Effective rate
9.06%
On assessed value
Assessed land
$8,470
Assessed improvement
$1,330
Land market value
$24,200
Improvement market value
$3,800
Total market value
$28,000
Applied tax rate
53.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1880
Construction
STEEL FRAME
Heating
CENTRAL
Stories
1
Total area
341 SF
Lot
0.2 ac (8,760 SF)
APN
053-50764.00
UPID
US66-2597434
Jurisdiction
FAIRFIELD
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
1880
Construction
STEEL FRAME
Heating
CENTRAL
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Fairfield Cnty Alcohol Drug Addicti
Individual
Free & Clear · 5 yrs held
Mailing address
108 W MAIN ST STE A, LANCASTER, OH 43130-3749
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2021
—
Fairfield Cnty Alcohol Drug Addicti
Shariten Rentals LLC
Warranty Deed
—
Feb 5, 2021
$115,000
Shariten Rentals LLC
Gpb Wm Real Estate Holdings LLC
Warranty Deed
—
Sep 13, 2017
$100,000
Gpb William R & E Holdings LLC
Capitol Waste & Recycling Svcs
Warranty Deed
—
Apr 27, 2015
$67,500
Capitol Waste & Recycling Svcs
340 & 402 E Locust LLC
Warranty Deed
$75,000 · Lancaster Metals & Recycling L
Jul 20, 2012
—
340 & 402 E Locust LLC
Kraner,vance E
Warranty Deed
—
Sep 7, 2007
$34,000
Vance E Kraner
Sheriff Of Fairfield County
Trustees Deed
related
$28,800 · First Bremen Bank
Apr 25, 2005
—
David J Colliton
—
Trustees Deed
related
$34,000 · Central Farm & Garden INC
—
—
340 & 402 E Locust LLC
—
Deed Of Trust
related
$47,000 · Standing Stone Nat'l Bk
—
—
David Colliton
—
Deed Of Trust
related
$8,247 · Ds Greenhouses
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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