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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Warehouses
4113 Millennium SE Blvd, Massillon, OH 44646-7449
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-1674293
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Construction
BRICK
Total area
11,331 SF
Lot
4.07 ac (177,289 SF)
APN
07-01463
UPID
US66-1674293
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
Current use
Occupant on record · Public records
-
Bachtel Excavating Inc. General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$936k
Blend (final)
Blend
$855k
Owner & transaction history
Msb Realty Ltd · 9 yrs held
Msb Realty Ltd
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+185.6%
Retail stores
$1.2M
+163.0%
Medical building
$1.0M
+122.7%
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 Massillon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Massillon 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$775,000
6.5%
$715,000
7%
$665,000
Alternative Use
Use
Estimation
RESTAURANT
$1,325,000
Change: +186% · Conversion: Difficult
RETAIL STORES
$1,220,000
Change: +163% · Conversion: Moderate
MEDICAL BUILDING
$1,035,000
Change: +123% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$970,000
Change: +109% · Conversion: Moderate
COMMERCIAL (GENERAL)
$940,000
Change: +103% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$890,000
Change: +92% · Conversion: Difficult
Blend value · Realmo final
$855k
Range $770k – $941k · ±10%
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
$75 / 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
$18,078
Tax year 2023
Assessed value
$349,130
Assessed 2023
Previous assessed
$349,130
+0.0% YoY
Effective rate
5.18%
On assessed value
Assessed land
$37,000
Assessed improvement
$312,130
Land market value
$105,700
Improvement market value
$891,800
Total market value
$997,500
Applied tax rate
60.0000
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
2004
Construction
BRICK
Heating
SPACE
Cooling
NONE
Stories
1
Units
1
Bathrooms
4
Total area
11,331 SF
Lot
4.07 ac (177,289 SF)
APN
07-01463
UPID
US66-1674293
Jurisdiction
STARK
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
RESTAURANT
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$940,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$890,000
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2004
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
4.07 ac
Current owner
From public records · entity-resolved
Msb Realty Ltd
Entity
Mailing address
1188 CONCORD HL CIR NE, MASSILLON, OH 44646-5326
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2016
$950,000
Msb Realty Ltd
Rose Real Estate Holdings LLC
Warranty Deed
$760,000 · Westfield Bank Fsb
Feb 4, 2013
—
Rose Real Estate Holdings LLC
—
Deed Of Trust
related
$1,700,000 · Commercial Savings Bank
Aug 25, 2010
—
Rose Real Estate Holdings LLC
—
Deed Of Trust
related
$1,400,000 · Commercial Savings Bank
Jul 15, 2010
—
Rose Real Estate Holdings LLC
—
Deed Of Trust
related
$3,377,730 · Commercial Savings Bank
Sep 24, 2004
—
Rose Real Estate Holdings LLC
—
Trustees Deed
related
$240,000 · Sky Bank
Sep 17, 2004
$132,400
Rose Real Estate Holdings LLC
Miller Land Dev Ltd
Warranty Deed
related
$132,340 · Sky Bank
—
—
Rose Real Estate Holdings LLC
—
Deed Of Trust
related
$249,000 · Stark Dev Board Fin Corp
—
—
Rose Real Estate Holdings LLC
—
Deed Of Trust
related
$300,000 · Sky Bank
—
—
Rose Real Estate Holdings LLC
—
Deed Of Trust
related
$238,000 · Commercial Savings Bank
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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