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    Property profile & analytics

    37 Locust St Wilmington, OH 45177-2201

    • Turn key restaurants
    • 6,524 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Last Sale
    Jun 09, 2022
    $430,000
    Location Intelligence
    Property ID
    US66-4087301
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fiesta Veracruz Mexican Restaurant / Mexican Restaurant
    • SWTCH Charging Station / Electric Vehicle Charging Station
    • Cassano's / Pizza Restaurant / Restaurant

    Property Details for 37 Locust St

    Year built
    1875
    Lot size
    0.09 lot acres
    Property size
    6,524 SF
    Property type
    Turn key restaurants
    APN
    290-24-01-01-A061-00
    APU
    290240101A06100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $330,000

    • CAP approach

      CAP return
      Estimation
      6%
      $400,000
      6.5%
      $375,000
      7%
      $445,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $365,000
      Geo Method
      $425,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $395,000
      Retail
      $370,000
      Mixed-Use
      $335,000
      Hospitality
      $350,000
      Educational
      $430,000
      Residential Income
      $445,000
      Energy
      $350,000
      Income-Based Land
      $445,000
      Food Service
      $460,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Clinton
    State
    Ohio
    Longitude
    -83.8292
    Latitude
    39.4468
    CBSA code
    48940
    CBSA name
    WILMINGTON, OH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $744
    $4,480
    $13,370
    $17,850
    -
    $12,800
    $38,200
    $51,000

    Comparable in this City

    • Value Estimation by Request
      0.21 Acres

      143 Fairway Dr

      RESTAURANT • 0.21 Acres
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      $350,000
      4,094 SF

      113 Ns St

      RESTAURANT • 4,094 SF
      113 Ns St, Wilmington, OH 45177-1646
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    • Value Estimation by Request
      0.11 Acres

      47 Sugartree St

      RESTAURANT • 0.11 Acres
      47 Sugartree St, Wilmington, OH 45177-2225
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    • Value Estimation
      $315,000
      6,005 SF

      1587 Rombach Ave

      RESTAURANT • 6,005 SF
      1587 Rombach Ave, Wilmington, OH 45177-1958
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    • Value Estimation
      $340,000
      2,171 SF

      6660 State Rte 730

      RESTAURANT • 2,171 SF
      6660 State Rte 730, Wilmington, OH 45177-8616
      View Details
    • Value Estimation
      $160,000
      6,642 SF

      1030 Ss St

      RESTAURANT • 6,642 SF
      1030 Ss St, Wilmington, OH 45177-2924
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,033 SF

      Former Restaurant on High-Traffic Corner

      Freestanding 3,033 SF restaurant with drive-thru on 1.2 acres.
      50 Roberts Rd, Wilmington, OH 45177
      View Details
    • Contact for pricing
      20.00 Acres

      Prime 20-Acre Commercial Land

      Wilmington, OH: Hwy 3 & US 22 frontage
      0 Rombach Ave, Wilmington, OH 45177
      View Details
    • Contact for pricing
      7,551 SF

      Retail Property on Progress Way

      Retail property with high visibility and signage opportunities.
      2751 Progress Way, Wilmington, OH 45177
      View Details
    • $635,000
      8,450 SF

      Wilmington Retail Opportunity For Sale

      Former Dollar General store with ample parking and recent upgrades.
      150 Holiday Dr, Wilmington, OH 45177
      View Details
    • $868,575
      8,000 SF

      Wilmington, OH Family Dollar Store

      NNN Family Dollar store with 5+ years remaining.
      303 E Main St, Wilmington, OH 45177
      View Details
    • Contact for pricing
      20.00 Acres

      Wilmington, OH Industrial Land

      20-Acre Development Opportunity near major highways.
      22 S, Wilmington, OH 45177
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,492 SF

      Former Restaurant Building on Rombach

      5,492 SF building on 1.80 acres for lease.
      1341 Rombach Ave, Wilmington, OH 45177
      View Details
    • $18 SF/Yr
      10,700 SF

      Wilmington Square II Retail Center

      Prime Retail Space Available in Clinton County
      2855 Progress Way, Wilmington, OH 45177
      View Details
    • Contact for pricing

      Wilmington Airport Land - 265 Acres

      Prime Ohio Airport Land: Lease Opportunity.
      1113 Airport Rd, Wilmington, OH 45177
      View Details
    • $1,000,000
      13,136 SF

      Retail Building in Wilmington, OH

      13,136 SF retail building on 1.7 acres for lease.
      7589 W State Route 73, Wilmington, OH 45177
      View Details
    • $2,995,000
      1,600 SF

      Retail Space in Wilmington, OH

      Retail property available for rent in Wilmington, Ohio.
      935-1025 S South St S, Wilmington, OH 45177
      View Details
    • Contact for pricing
      4,800 SF

      Community Center Retail Space

      Retail space available in Wilmington Plaza community center.
      1334-1384 Rombach Ave, Wilmington, OH 45177
      View Details
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    37 Locust St
    Wilmington, OH 45177-2201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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