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Property profile & analytics
OFF-MARKET
Estimated value
$16,110,000
Apartment buildings
406 Cedar Dr, Fairborn, OH 45324-4891
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-1284219
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1961
Total area
3,400 SF
Lot
0.25 ac (10,955 SF)
Zoning code
R-4
APN
A02-0001-0002.0-0021.00
UPID
US66-1284219
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
$16.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.11M
Owner & transaction history
First Integrity Homes LLC · 2 yrs held
First Integrity Homes LLC
since 2024
Last sale
$16.1M
5 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
$16,110,000
ML approach
$16,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.11M
Range $14.50M – $17.72M · ±10% · vs last sale $16.11M (Mar 22 2024)
Last sale anchor
$16.11M
Mar 22 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
$4,738 / 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
$4,139
Tax year 2023
Assessed value
$70,970
Assessed 2023
Previous assessed
$70,970
+0.0% YoY
Effective rate
5.83%
On assessed value
Assessed land
$18,770
Assessed improvement
$52,200
Land market value
$53,630
Improvement market value
$149,140
Total market value
$202,770
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
1961
Heating
NONE
Stories
1
Total area
3,400 SF
Lot
0.25 ac (10,955 SF)
Zoning code
R-4
APN
A02-0001-0002.0-0021.00
UPID
US66-1284219
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
1961
Heating
NONE
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
First Integrity Homes LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1345 S CAPITOL ST SW APT #108, WASHINGTON, DC 20003-3572
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2024
$16,109,000
First Integrity Homes LLC
Js Properties LLC
Special Warranty Deed
—
Feb 15, 2018
$171,900
First Integrity Homes LLC
Js Properties LLC
Grant Deed
related
—
Nov 5, 2015
$160,000
Js Properties LLC
Bowling,roger A
Warranty Deed
$120,000 · Lcnb Nat'l Bk
Aug 5, 1998
$170,000
Roger A Bowling
Ortman,morris B & Audrey
Grant Deed
$136,000 · Union Fsb
—
—
Roger A Bowling
—
Deed Of Trust
related
$136,000 · First National Bank Zanesville
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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