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Property profile & analytics
FOR SALE
Warehouses
343 E Andrus Rd Northwood, OH 43619
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-6297780
For Sale
$999,992
343 E Andrus Rd, Northwood, OH 43619
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Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Total area
7,800 SF
Lot
3.83 ac (166,835 SF)
APN
M50-812-3100-00-014.500
UPID
US66-6297780
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
$1.44M
CAP Approach
CAP
$960k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.26M
Owner & transaction history
City Of Northwood · 4 yrs held
City Of Northwood
since 2022
Last sale
$1.2M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+342.5%
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 Northwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northwood 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
$1,580,000
ML approach
$1,440,000
CAP Approach
CAP Return
Estimation
6%
$1,035,000
6.5%
$960,000
7%
$890,000
Alternative Use
Use
Estimation
RESTAURANT
$1,230,000
Change: +342% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±10% · vs last sale $1.15M (Jun 23 2022)
Last sale anchor
$1.15M
Jun 23 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
$161 / 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
$15,098
Tax year 2023
Assessed value
$189,250
Assessed 2023
Previous assessed
$176,470
+7.2% YoY
Effective rate
7.98%
On assessed value
Assessed land
$36,260
Assessed improvement
$152,990
Land market value
$103,600
Improvement market value
$437,100
Total market value
$540,700
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
MINI-WAREHOUSE, STORAGE
Status
For Sale
Year built
1998
Heating
NONE
Buildings
3
Stories
1
Total area
7,800 SF
Lot
3.83 ac (166,835 SF)
APN
M50-812-3100-00-014.500
UPID
US66-6297780
Jurisdiction
WOOD
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
$1.2M
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
1998
Heating
NONE
Stories
1
Buildings
3
Lot
3.83 ac
Current owner
From public records · entity-resolved
City Of Northwood
Entity
Free & Clear · 4 yrs held
Mailing address
324 DATURA ST, WEST PALM BEACH, FL 33401-5414
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
Sep 16, 2022
—
Sroa 343 E Andrus Oh LLC
—
Deed
related
$148,200,000 · Brighthouse Financial
Jun 23, 2022
—
City Of Northwood
Scott C Abke
Affidavit
—
Jun 23, 2022
$1,150,000
Sroa 343 E Andrus Oh LLC
Scott C Abke
Warranty Deed
—
Sep 14, 2004
—
Scott C Abke
Teet Thomas E
Grant Deed
$37,000 · Union Bank
Aug 27, 2004
—
Scott C Abke
—
Trustees Deed
related
$157,780 · Union Bank
—
—
Scott Abke
—
Deed Of Trust
related
$270,000 · Union Bk
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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