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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Hotels
40 New Garver Rd Monroe, OH 45050-1719
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-0074433
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1992
Total area
21,116 SF
Lot
1.65 ac (72,005 SF)
APN
C1800-009.000-040
UPID
US66-0074433
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
$979k
Blend (final)
Blend
$1.13M
Owner & transaction history
Bajrang LLC · 6 yrs held
Bajrang LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+243.0%
Auto repair, garage
$1.6M
+230.6%
Office building
$1.5M
+215.3%
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 Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe 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
RESTAURANT
$1,675,000
Change: +243% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,615,000
Change: +231% · Conversion: Difficult
OFFICE BUILDING
$1,540,000
Change: +215% · Conversion: Difficult
RETAIL STORES
$1,095,000
Change: +124% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$945,000
Change: +93% · Conversion: Difficult
COMMERCIAL (GENERAL)
$845,000
Change: +73% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±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
$53 / 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
$48,587
Tax year 2023
Assessed value
$868,970
Assessed 2023
Previous assessed
$693,990
+25.2% YoY
Effective rate
5.59%
On assessed value
Assessed land
$189,000
Assessed improvement
$679,970
Land market value
$540,000
Improvement market value
$1,942,780
Total market value
$2,482,780
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1992
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Units
50
Total area
21,116 SF
Lot
1.65 ac (72,005 SF)
APN
C1800-009.000-040
UPID
US66-0074433
Jurisdiction
BUTLER
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
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$945,000
COMMERCIAL (GENERAL)
Est. value
$845,000
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1992
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
50
Lot
1.65 ac
Current owner
From public records · entity-resolved
Bajrang LLC
Entity
Mailing address
40 NEW GARVER RD, MONROE, OH 45050-1719
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2019
$2,475,000
Bajrang LLC
Apollo Hospitality LLC
Warranty Deed
—
Dec 20, 2019
$825,000
Bajrang LLC
Krish Dev Investments INC
Warranty Deed
—
Dec 4, 2019
—
Krish Dev Investments INC
Apollo Hospitality LLC
Quit Claim Deed
related
—
Jan 2, 2019
—
Apollo Hospitality LLC
—
Deed
related
$1,630,000 · Noa Bk
Jul 8, 2014
$2,260,000
Apollo Hospitality LLC
Ppp Dev LLC
Grant Deed
$1,700,000 · Ppp Dev LLC
Dec 6, 2011
$555,555
Ppp Dev LLC
Team Hospitality LLC
Warranty Deed
—
Sep 2, 2004
$2,470,000
Team Hospitality LLC
Laxmi-kant LLC
Warranty Deed
$2,000,000 · Fifth Third Bank Cincinnati
Dec 29, 2000
$2,274,782
Laxmi-kant LLC
Sushila Enterprises INC
Grant Deed
$1,806,250 · Commercial Savings Bank
Apr 4, 2000
—
Sushila Enterprises INC
—
Deed Of Trust
related
$1,860,000 · Towne Bank
—
—
Apollo Hospitality LLC
—
Loan Modification
related
$1,630,000 · Noa Bk
—
—
Laxmi-kant LLC
—
Deed Of Trust
related
$1,775,000 · Lebanon Citizens National Bank
—
—
Team Hospitality LLC
—
Deed Of Trust
related
$2,175,000 · General Electric Capital Corp
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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