Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office Spaces
4220 Alabama SW Ave Navarre, OH 44662-9618
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US66-2115383
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1990
Construction
BRICK
Total area
6,400 SF
Lot
2.5 ac (108,900 SF)
APN
72-05778
UPID
US66-2115383
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
$330k
Comparable Approach
Comparable
$639k
Blend (final)
Blend
$510k
Owner & transaction history
Mlgd Ltd · 22 yrs held
Mlgd Ltd
since 2004
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$750,000
+109.5%
Auto repair, garage
$640,000
+78.7%
Medical building
$585,000
+63.4%
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 Navarre submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Navarre 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%
$355,000
6.5%
$330,000
7%
$305,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$355,000
Current use
RESTAURANT
$750,000
Change: +110% · Conversion: Difficult
AUTO REPAIR, GARAGE
$640,000
Change: +79% · Conversion: Difficult
MEDICAL BUILDING
$585,000
Change: +63% · Conversion: Easy
RETAIL STORES
$560,000
Change: +57% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$550,000
Change: +54% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$500,000
Change: +41% · Conversion: Moderate
WAREHOUSE, STORAGE
$340,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$80 / 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
$17,810
Tax year 2023
Assessed value
$341,950
Assessed 2023
Previous assessed
$341,950
+0.0% YoY
Effective rate
5.21%
On assessed value
Assessed land
$8,400
Assessed improvement
$333,550
Land market value
$24,000
Improvement market value
$953,000
Total market value
$977,000
Applied tax rate
690.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1990
Construction
BRICK
Heating
YES
Cooling
NONE
Buildings
9
Stories
1
Units
1
Bathrooms
4
Total area
6,400 SF
Lot
2.5 ac (108,900 SF)
APN
72-05778
UPID
US66-2115383
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
COMMERCIAL (GENERAL) Current
Est. value
$355,000
RESTAURANT
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$640,000
MEDICAL BUILDING
Est. value
$585,000
RETAIL STORES
Est. value
$560,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$550,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$500,000
WAREHOUSE, STORAGE
Est. value
$340,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1990
Construction
BRICK
Heating
YES
Cooling
Yes
Stories
1
Buildings
9
Units
1
Bathrooms
4
Lot
2.5 ac
Current owner
From public records · entity-resolved
Mlgd Ltd
Individual
Mailing address
4220 ALABAMA AVE SW, NAVARRE, OH 44662-9618
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
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
Feb 13, 2019
—
Mlgd Ltd
—
Grant Deed
related
$2,500,000 · Huntington Nat'l Bk
Jul 12, 2004
$425,000
Mlgd Ltd
Miller,alvin L & Christine A
Warranty Deed
$425,000 · Alvin L & Christine A Miller
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4220 Alabama SW Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
