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Property profile & analytics
OFF-MARKET
Estimated value
$18,145,000
Warehouses
3425-3505 Urbancrest Indst Dr Urbancrest, OH 43123
Entity Owned
22-yr Hold
Free & Clear
Property ID
US66-2307566
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Total area
187,370 SF
Lot
21.91 ac (954,617 SF)
APN
161-001099
UPID
US66-2307566
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
$21.11M
Blend (final)
Blend
$18.15M
Owner & transaction history
Prologis-macquarie Ohio IV LLC · 22 yrs held
Prologis-macquarie Ohio IV LLC
since 2004
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$28.2M
+96.7%
Office building
$28.0M
+95.8%
Apartment house (5+ units)
$27.2M
+89.6%
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 Urbancrest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Urbancrest 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
WAREHOUSE, STORAGE
$14,325,000
Current use
MEDICAL BUILDING
$28,180,000
Change: +97% · Conversion: Difficult
OFFICE BUILDING
$28,040,000
Change: +96% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$27,160,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$23,415,000
Change: +63% · Conversion: Moderate
Blend value · Realmo final
$18.15M
Range $16.33M – $19.96M · ±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
$97 / 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
$411,023
Tax year 2023
Assessed value
$5,691,810
Assessed 2023
Previous assessed
$4,883,340
+16.6% YoY
Effective rate
7.22%
On assessed value
Assessed land
$690,340
Assessed improvement
$5,001,470
Land market value
$1,972,400
Improvement market value
$14,289,900
Total market value
$16,262,300
Applied tax rate
161.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Total area
187,370 SF
Lot
21.91 ac (954,617 SF)
APN
161-001099
UPID
US66-2307566
Jurisdiction
FRANKLIN
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
WAREHOUSE, STORAGE Current
Est. value
$14.3M
MEDICAL BUILDING
Est. value
$28.2M
OFFICE BUILDING
Est. value
$28.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$27.2M
RETAIL STORES
Est. value
$23.4M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1997
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
21.91 ac
Current owner
From public records · entity-resolved
Prologis-macquarie Ohio IV LLC
Entity
Free & Clear · 22 yrs held
Mailing address
1800 WAZEE ST, DENVER, CO 80202-1577
Ownership since
2004
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 23, 2010
—
Prologis Na2 Ohio IV LLC
—
Deed Of Trust
related
$81,000,000 · Miscellaneous Ins Co
Jul 21, 2004
—
Prologis-macquarie Ohio IV LLC
Prologis Trust
Quit Claim Deed
related
—
Jun 2, 1997
$97,030
Security Capital Ind Trust
Sci Development Services INC
Grant Deed
related
—
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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