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Property profile & analytics
OFF-MARKET
Estimated value
$2,130,000
Strip malls
4027 Far Hls Ave Dayton, OH 45429-2413
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-1874958
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1951
Total area
23,018 SF
Lot
1.09 ac (47,480 SF)
APN
N64 03409 0058
UPID
US66-1874958
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
$1.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$2.13M
Owner & transaction history
Commercial Castle Hills Mtg Ll · 6 yrs held
Commercial Castle Hills Mtg Ll
since 2020
Last sale
$2.4M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.5M
+35.4%
Office building
$1.5M
+33.0%
Auto repair, garage
$1.4M
+26.3%
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 Dayton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dayton 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
$2,060,000
ML approach
$1,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,545,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$1,520,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,445,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$1,395,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$2.13M
Range $1.92M – $2.34M · ±10% · vs last sale $2.43M (Apr 28 2020)
Last sale anchor
$2.43M
Apr 28 2020
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
$93 / 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
$85,866
Tax year 2023
Assessed value
$870,350
Assessed 2023
Previous assessed
$847,030
+2.8% YoY
Effective rate
9.87%
On assessed value
Assessed land
$228,310
Assessed improvement
$642,040
Land market value
$652,320
Improvement market value
$1,834,410
Total market value
$2,486,730
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1951
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
23,018 SF
Lot
1.09 ac (47,480 SF)
APN
N64 03409 0058
UPID
US66-1874958
Jurisdiction
MONTGOMERY
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1951
Heating
YES
Cooling
Yes
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Commercial Castle Hills Mtg Ll
Individual
Mailing address
9435 WATERSTONE BLVD STE #140, CINCINNATI, OH 45249-8229
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2020
—
Commercial Castle Hills Mtg Ll
Commercial Castle Hills Hldgs
Quit Claim Deed
related
$1,500,000 · Stronghill Cap LLC
Jan 3, 2020
$2,425,000
Commercial Castle Hills Hldgs
Hartzell Industries INC
Warranty Deed
$1,436,000 · Avatar Dayton Retail LLC
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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