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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Apartment buildings
416-420 Bellbrook Ave, Xenia, OH 45385
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0188224
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Total area
12,728 SF
Lot
0.45 ac (19,428 SF)
APN
M40-0001-0018.0-0156.00
UPID
US66-0188224
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$960k
Owner & transaction history
Florence Property Management LLC · 4 yrs held
Florence Property Management LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$965,000
+39.0%
Medical building
$870,000
+25.4%
Office building
$865,000
+24.1%
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 Xenia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Xenia 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$695,000
Current use
RETAIL STORES
$965,000
Change: +39% · Conversion: Difficult
MEDICAL BUILDING
$870,000
Change: +25% · Conversion: Moderate
OFFICE BUILDING
$865,000
Change: +24% · Conversion: Moderate
AUTO REPAIR, GARAGE
$750,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$13,984
Tax year 2023
Assessed value
$265,720
Assessed 2023
Previous assessed
$265,980
-0.1% YoY
Effective rate
5.26%
On assessed value
Assessed land
$33,260
Assessed improvement
$232,460
Land market value
$95,040
Improvement market value
$664,180
Total market value
$759,220
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
1987
Heating
NONE
Stories
2
Total area
12,728 SF
Lot
0.45 ac (19,428 SF)
APN
M40-0001-0018.0-0156.00
UPID
US66-0188224
Jurisdiction
GREENE
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) Current
Est. value
$695,000
RETAIL STORES
Est. value
$965,000
MEDICAL BUILDING
Est. value
$870,000
OFFICE BUILDING
Est. value
$865,000
AUTO REPAIR, GARAGE
Est. value
$750,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1987
Heating
NONE
Stories
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Florence Property Management LLC
Entity
Mailing address
3189 PRINCETON RD #298, FAIRFIELD TOWNSHIP, OH 45011-5338
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
—
Florence Property Management LLC
Beryl Trail Property Management LLC
Warranty Deed
$5,253,000 · Colony American Finance Lender LLC
Feb 28, 2022
—
Doris Mccall
—
Deed
related
$182,000 · Provident Trust Group LLC
Jun 28, 2021
$2,261,000
Beryl Trail Property Management LLC
Eric L Johnson
Deed
—
Jul 10, 2018
—
Usreeb Dayton LLC
—
Deed
related
$24,900 · Aloha Cap LLC
May 23, 2018
$491,700
Usreeb Dayton LLC
Xtb Properties LLC
Warranty Deed
$442,499 · Aloha Cap LLC
Apr 27, 2018
—
Matt Fleck
Xtb Propertiesllc
Grant Deed
—
Mar 15, 2017
$680,000
X T B Properties LLC
Gryphon USA Ltd
Warranty Deed
—
Nov 7, 2007
—
Lai One LLC
D & J Ents
Grant Deed
—
Nov 7, 2007
$1,395,000
Lai One LLC
D & J Ents
Warranty Deed
$500,000 · Jeh & Diana Lai
Sep 18, 2006
$1,580,000
T & T R/e Mgmt & Invs LLC
D & J Ents
Grant Deed
—
Oct 16, 1998
—
D & J Enterprise
—
Deed Of Trust
related
$1,500,000 · Resource Development Property
—
—
Usreeb Dayton LLC
—
Deed Of Trust
related
$24,900 · Aloha Cap 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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