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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Warehouses
3835 State Rte 39 Shelby, OH 44875-9474
Entity Owned
27-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-2268286
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Total area
12,350 SF
Lot
7.7 ac (335,412 SF)
APN
016-32-222-04-000
UPID
US66-2268286
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
$950k
Comparable Approach
Comparable
$606k
Blend (final)
Blend
$760k
Owner & transaction history
CARTER JONES LUMBER COMPANY AN OHIO CORPORATION
CARTER JONES LUMBER COMPANY AN OHIO CORPORATION
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+224.6%
Office building
$870,000
+132.2%
Retail stores
$750,000
+100.1%
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 Shelby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby 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%
$1,025,000
6.5%
$950,000
7%
$880,000
Alternative Use
Use
Estimation
RESTAURANT
$1,215,000
Change: +225% · Conversion: Difficult
OFFICE BUILDING
$870,000
Change: +132% · Conversion: Difficult
RETAIL STORES
$750,000
Change: +100% · Conversion: Moderate
MEDICAL BUILDING
$735,000
Change: +96% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$690,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$630,000
Change: +69% · Conversion: Easy
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$62 / 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
$12,642
Tax year 2023
Assessed value
$219,030
Assessed 2023
Previous assessed
$206,520
+6.1% YoY
Effective rate
5.77%
On assessed value
Assessed land
$13,640
Assessed improvement
$205,390
Land market value
$38,960
Improvement market value
$586,840
Total market value
$625,800
Applied tax rate
1,632.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1998
Heating
FORCED AIR
Cooling
NONE
Buildings
3
Stories
1
Total area
12,350 SF
Lot
7.7 ac (335,412 SF)
APN
016-32-222-04-000
UPID
US66-2268286
Jurisdiction
RICHLAND
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
OFFICE BUILDING
Est. value
$870,000
RETAIL STORES
Est. value
$750,000
MEDICAL BUILDING
Est. value
$735,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$630,000
RESTAURANT
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
7.7 ac
Current owner
From public records · entity-resolved
CARTER JONES LUMBER COMPANY AN OHIO CORPORATION
Entity
Free & Clear · 0 yrs held
Mailing address
MANSFIELD RD STATE RTE 39TH 2, SHELBY, OH 44875
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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