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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Apartment buildings
400 Xenia Dr, Fairborn, OH 45324-4945
Individually Owned
4-yr Hold
Free & Clear
Property ID
US66-1116951
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1850
Construction
BRICK
Total area
3,600 SF
Zoning code
R-4
APN
A02-0001-0003.0-0094.00
UPID
US66-1116951
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
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$677k
Blend (final)
Blend
$890k
Owner & transaction history
Desirae Zimmerman · 4 yrs held
Desirae Zimmerman
since 2021
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
R-4 · Fairborn, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Fairborn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairborn 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
$845,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $1.15M (Nov 18 2021)
Last sale anchor
$1.15M
Nov 18 2021
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
$247 / 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
$2,810
Tax year 2023
Assessed value
$48,180
Assessed 2023
Previous assessed
$35,080
+37.3% YoY
Effective rate
5.83%
On assessed value
Assessed land
$5,460
Assessed improvement
$42,720
Land market value
$15,610
Improvement market value
$122,060
Total market value
$137,670
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1850
Construction
BRICK
Heating
CENTRAL
Stories
2
Rooms
9
Bathrooms
3
Total area
3,600 SF
Zoning code
R-4
APN
A02-0001-0003.0-0094.00
UPID
US66-1116951
Jurisdiction
GREENE
Zoning & alternative use
R-4 · Fairborn, OH
Zoning R-4 · permitted uses
R-4 · Fairborn, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairborn. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1850
Construction
BRICK
Heating
CENTRAL
Stories
2
Rooms
9
Bathrooms
3
Current owner
From public records · entity-resolved
Desirae Zimmerman
Individual
Free & Clear · 4 yrs held
Mailing address
41 S BROAD ST, FAIRBORN, OH 45324-4659
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2021
—
Desirae Zimmerman
Michael J Zaino
Intrafamily Transfer
related
—
Aug 22, 2019
—
Jane L Zimmerman
Zimmerman,desirae
Quit Claim Deed
related
—
Sep 6, 2016
—
Desirae Zimmerman
Zimmerman,daniel D
Affidavit Of Death
related
—
Feb 11, 1998
$1,150,000
Daniel D Zimmerman
Rush,anne K
Grant Deed
$1,150,000 · Innovative Mortgage Svcs INC
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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