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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Warehouses
399 22nd St Heath, OH 43056-1651
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-5899530
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Total area
12,000 SF
Lot
1.99 ac (86,684 SF)
APN
030-088428-00.000
UPID
US66-5899530
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
$934k
Blend (final)
Blend
$1.08M
Owner & transaction history
Cattail Investments LLC · 1 yrs held
Cattail Investments LLC
since 2025
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+80.0%
Auto repair, garage
$955,000
+43.2%
Commercial (general)
$950,000
+41.8%
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 Heath submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Heath 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
$670,000
Current use
OFFICE BUILDING
$1,205,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$955,000
Change: +43% · Conversion: Easy
COMMERCIAL (GENERAL)
$950,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$875,000
Change: +31% · Conversion: Moderate
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10% · vs last sale $1.49M (Oct 13 2024)
Last sale anchor
$1.49M
Oct 13 2024
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
$22,057
Tax year 2023
Assessed value
$408,490
Assessed 2023
Previous assessed
$408,490
+0.0% YoY
Effective rate
5.40%
On assessed value
Assessed land
$104,480
Assessed improvement
$304,010
Land market value
$298,500
Improvement market value
$868,600
Total market value
$1,167,100
Applied tax rate
30.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Total area
12,000 SF
Lot
1.99 ac (86,684 SF)
APN
030-088428-00.000
UPID
US66-5899530
Jurisdiction
LICKING
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
$670,000
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$950,000
RETAIL STORES
Est. value
$875,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2007
Heating
NONE
Stories
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
Cattail Investments LLC
Entity
Free & Clear · 1 yrs held
Mailing address
210 NORTHTOWNE CT, NEWARK, OH 43055-3194
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2025
$1,487,700
Cattail Investments LLC
22nd Street Warehouses LLC
Deed
—
Jul 15, 2021
—
22nd Street Warehouses LLC
—
Deed
related
$765,000 · North Valley Bank
Dec 17, 2020
$800,000
22nd Street Warehouses LLC
Horvath Re LLC
Warranty Deed
$640,000 · Park Nat'l Bk
Oct 26, 2018
—
Horvath Re LLC
—
Deed
related
$500,000 · Heartland Bk
Oct 18, 2017
—
Horvath Re LLC
—
Trustees Deed
related
$500,000 · Heartland Bk
Dec 1, 2014
$970,500
Horvath Re LLC
Mabc Properties LLC
Warranty Deed
$258,800 · Heartland Bank
Jan 25, 2013
—
Mabc Properties LLC
Skelton,cheryl A
Quit Claim Deed
related
—
Nov 6, 2012
—
Black,boyd C Living Trust
Black M A Living Trust
Quit Claim Deed
—
Mar 8, 2006
—
Boyd C Black
—
Trustees Deed
related
$250,000 · Park National Bank
—
—
Horvath Re LLC
—
Deed Of Trust
related
$323,500 · Private Individual
—
—
Horvath Re LLC
—
Loan Modification
related
$500,000 · Heartland 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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