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Property profile & analytics
OFF-MARKET
Estimated value
$2,410,000
Warehouses
4041 Thunderbird Ln Fairfield, OH 45014-2232
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2274911
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
21,800 SF
Lot
3.53 ac (153,941 SF)
APN
A0700-228.000-028
UPID
US66-2274911
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
$2.41M
CAP Approach
CAP
$2.56M
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$2.41M
Owner & transaction history
4041 Thunderbird Partners LLC · 1 yrs held
4041 Thunderbird Partners LLC
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.5M
+113.7%
Neighborhood: shopping center
$2.4M
+108.6%
Auto repair, garage
$2.3M
+96.4%
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 Fairfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfield 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
$2,410,000
ML approach
$2,410,000
CAP Approach
CAP Return
Estimation
6%
$2,775,000
6.5%
$2,560,000
7%
$2,380,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,470,000
Change: +114% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,410,000
Change: +109% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,270,000
Change: +96% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,730,000
Change: +50% · Conversion: Difficult
RETAIL STORES
$1,560,000
Change: +35% · Conversion: Moderate
Blend value · Realmo final
$2.41M
Range $2.17M – $2.65M · ±10% · vs last sale $2.41M (Jan 19 2024)
Last sale anchor
$2.41M
Jan 19 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
$111 / 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
$20,556
Tax year 2023
Assessed value
$367,160
Assessed 2023
Previous assessed
$367,160
+0.0% YoY
Effective rate
5.60%
On assessed value
Assessed land
$50,620
Assessed improvement
$316,540
Land market value
$144,630
Improvement market value
$904,400
Total market value
$1,049,030
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
HOT WATER
Cooling
NONE
Buildings
2
Stories
1
Units
1
Total area
21,800 SF
Lot
3.53 ac (153,941 SF)
APN
A0700-228.000-028
UPID
US66-2274911
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
MEDICAL BUILDING
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
3.53 ac
Current owner
From public records · entity-resolved
4041 Thunderbird Partners LLC
Entity
Mailing address
414 S 16TH ST STE #100, PHILADELPHIA, PA 19146-1989
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2024
$2,341,637
4041 Thunderbird Partners LLC
Trugreen Limited Partnership
Re-recorded Document
related
$100,000 · Truist Bank
Aug 19, 2024
$2,408,700
4041 Thunderbird Partners LLC
Trugreen Limited Partnership
Deed
related
—
Aug 12, 2024
—
4041 Thunderbird Partners LLC
—
Deed
related
$100,000 · Truist Bank
Jan 19, 2024
$2,408,700
4041 Thiniderbird Partners LLC
Trugreen Limited Partnership
Limited Warranty Deed
—
Jan 19, 2024
—
Trugreen Limited Partnership
4041 Thunderbird Partners LLC
Lease
—
Jan 3, 2014
$863,673
Trugreen LP
Servicemaster Acceptance Corp
Grant Deed
—
Jul 28, 2010
—
Servicemaster Acceptance Corp
Wachovia Development Corp
Grant Deed
related
—
Oct 1, 2004
$1,809,329
Wachovia Dev Corp
Bmo Global Cap Solutions INC
Deed Of Trust
related
$52,694,719 · Wachovia Bank NA
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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