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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Medical Office Space
3703 Columbus Ave Sandusky, OH 44870-5707
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-0047890
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1960
Construction
WOOD
Total area
5,715 SF
Lot
0.74 ac (32,147 SF)
APN
32-02994-000
UPID
US66-0047890
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
Current use
Occupant on record · Public records
-
Gregg D. Winnestaffer, DC Alternative Medicine Practice
-
Dr. Adam Solomon Alternative Medicine Practice
-
Mr. Susan Graham Medical Clinic
-
Juan Penhos Medical Examiner
-
Press Coffee & Juice Bar Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$587k
Blend (final)
Blend
$515k
Owner & transaction history
Lam Ventures LLC · 6 yrs held
Lam Ventures LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$580,000
+70.8%
Commercial (general)
$565,000
+66.3%
Office building
$390,000
+14.9%
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 Sandusky submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sandusky 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
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$340,000
Current use
RETAIL STORES
$580,000
Change: +71% · Conversion: Difficult
COMMERCIAL (GENERAL)
$565,000
Change: +66% · Conversion: Easy
OFFICE BUILDING
$390,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$90 / 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
$24,718
Tax year 2023
Assessed value
$329,437
Assessed 2023
Previous assessed
$329,437
+0.0% YoY
Effective rate
7.50%
On assessed value
Assessed land
$11,616
Assessed improvement
$317,821
Land market value
$33,190
Improvement market value
$908,060
Total market value
$941,250
Applied tax rate
32.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
YES
Cooling
YES
Stories
1
Total area
5,715 SF
Lot
0.74 ac (32,147 SF)
APN
32-02994-000
UPID
US66-0047890
Jurisdiction
ERIE
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
MEDICAL BUILDING Current
Est. value
$340,000
RETAIL STORES
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$565,000
OFFICE BUILDING
Est. value
$390,000
MEDICAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1960
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Lam Ventures LLC
Entity
Mailing address
3703 COLUMBUS AVE, SANDUSKY, OH 44870-5707
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2020
—
Lam Ventures LLC
—
Deed
related
$47,000 · Vacationland FCU
May 12, 2020
—
Lam Ventures LLC
—
Deed
related
$467,748 · Vacationland FCU
Oct 3, 2019
—
Lam Ventures LLC
Lam Ventures LLC
Quit Claim Deed
related
—
Aug 16, 2019
—
Ilam Ventures LLC
—
Deed
related
$150,000 · Vacationland FCU
Mar 27, 2018
—
Lam Ventures LLC
—
Deed
related
$10,000 · Vacationalnd Federal Cu
Jul 29, 2014
—
Lam Ventures LLC
Winnestaffer Investments LLC
Warranty Deed
$180,000 · Vacationland Federal Cu
Nov 7, 2006
$450,000
Winnestaffer Investments
Heilman,john P
Grant Deed
$360,000 · Citizens Bkng
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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