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    Property profile & analytics

    402-410 Fifth Defiance, OH 43512

    • Retail space
    • 5,704 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    9.1%
    Retail space
    Location Intelligence
    Property ID
    US66-4280141
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 402-410 Fifth

    Year built
    1910
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.08 lot acres
    Property size
    5,704 SF
    Property type
    Retail space
    APN
    B011026000800
    APU
    B011026000800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $375,000
      6.5%
      $350,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $192,000
      Market price range: $178k - $519k
      AI Estimate
      $188,000
      Market price range: $183k - $545k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $365,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Defiance
    County
    Defiance
    State
    Ohio
    Longitude
    -84.3617
    Latitude
    41.2834
    CBSA code
    19580
    CBSA name
    DEFIANCE, OH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,600
    $2,630
    $30,750
    $33,380
    -
    $7,510
    $87,860
    $95,370

    Comparable in this City

    • Value Estimation
      $235,000
      1,504 SF

      1034 Ottawa Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,504 SF
      1034 Ottawa Ave, Defiance, OH 43512-3069
      View Details
    • Value Estimation
      $235,000
      3,520 SF

      301 Clinton St, Unit 307

      RETAIL STORES (PERSONAL SERVICES) • 3,520 SF
      301 Clinton St, Defiance, OH 43512-2113
      View Details
    • Value Estimation
      $300,000
      11,316 SF

      1902 Baltimore St

      RETAIL STORES (PERSONAL SERVICES) • 11,316 SF
      1902 Baltimore St, Defiance, OH 43512-1916
      View Details
    • Value Estimation
      $240,000
      1,666 SF

      901 Ottawa Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,666 SF
      901 Ottawa Ave, Defiance, OH 43512-3053
      View Details
    • Value Estimation by Request

      512 Clinton St

      RETAIL STORES (PERSONAL SERVICES)
      512 Clinton St, Defiance, OH 43512-2635
      View Details
    • Value Estimation
      $230,000
      3,040 SF

      8401 State Rte 66

      RETAIL STORES (PERSONAL SERVICES) • 3,040 SF
      8401 State Rte 66, Defiance, OH 43512-8252
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,056 SF

      In-Line Shopping Center For Sale

      20,056 SF shopping center with move-in ready suites.
      100 Stadium Dr, Defiance, OH 43512
      View Details
    • $500,000
      1.02 Acres

      Defiance Retail Outlot: Prime 1.02 Acres

      High-traffic retail land, Kohl's shadow anchor.
      8683 Clinton St, Defiance, OH 43512
      View Details
    • Contact for pricing
      0.08 Acres

      Defiance Retail Space: Prime Location

      Updated Retail Space, Excellent Condition, High Visibility
      300 Hopkins St, Defiance, OH 43512
      View Details
    • Contact for pricing
      45 SF

      Industrial Land Parcels Available

      45-acre industrial land with M-2 and M-3 zoning.
      East Commerce Dr, Defiance, OH 43512
      View Details
    • $4,740,000

      Prime Land Near High Traffic

      Divisible land suitable for industrial use near major roads.
      Domersville Rd, Defiance, OH 43512
      View Details
    • $205,000

      Land with Pond and Barn

      Land featuring a stocked pond and pole barn.
      22585 Defiance-Paulding County Line Rd, Defiance, OH 43512
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,250 SF

      Defiance Retail Space For Lease

      Retail or office space with high visibility and ample parking.
      319 E 2Nd St, Defiance, OH 43512
      View Details
    • Contact for pricing
      2,448 SF

      Retail Space in Defiance, OH

      Retail space available for lease in Defiance, Ohio.
      618 N Clinton St, Defiance, OH 43512
      View Details
    • $8 SF/Yr
      9,217 SF

      Retail Space Near Kroger

      Retail space available in shadow-anchored shopping center.
      1838-1858 E 2Nd St, Defiance, OH 43512
      View Details
    • $20 SF/Yr
      12,850 SF

      Retail Space in Defiance, OH

      3,150 SF retail space available in neighborhood retail center.
      8959 State Route 66 N, Defiance, OH 43512
      View Details
    • Contact for pricing
      14,400 SF

      Downtown Defiance Executive Office Space

      Historic building, 13,200 sq ft available
      300 Clinton St, Defiance, OH 43512
      View Details
    • $20 SF/Yr
      12,850 SF

      Prime Defiance Retail Space

      12,850 SF Strip Center, 3,150 SF Available
      8959 Oh-66, Defiance, OH 43512
      View Details
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    402-410 Fifth
    Defiance, OH 43512
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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