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Property profile & analytics
FOR SALE
Medical Office Space
423 N Wayne St Piqua, OH 45356
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-0420521
For Sale
1 / 53
$399,900
423 N Wayne St, Piqua, OH 45356
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1920
Total area
4,124 SF
Lot
0.15 ac (6,534 SF)
APN
N44-001640
UPID
US66-0420521
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
-
Horizon Health Network Home Health Care Service
-
Absolute HomeCare LLC Home Health Care Service
-
Preferred Mortgage Inc Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vestco Ltd · 5 yrs held
Vestco Ltd
since 2021
5 recorded transactions
Zoning & alternative use
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 Piqua submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Piqua 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,493
Tax year 2023
Assessed value
$23,630
Assessed 2023
Previous assessed
$23,630
+0.0% YoY
Effective rate
6.32%
On assessed value
Assessed land
$11,410
Assessed improvement
$12,220
Land market value
$32,600
Improvement market value
$34,900
Total market value
$67,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1920
Heating
YES
Cooling
CENTRAL
Stories
2
Rooms
11
Bathrooms
3
Total area
4,124 SF
Lot
0.15 ac (6,534 SF)
APN
N44-001640
UPID
US66-0420521
Jurisdiction
MIAMI
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1920
Heating
YES
Cooling
Yes
Stories
2
Rooms
11
Bathrooms
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
Vestco Ltd
Individual
Mailing address
423 N WAYNE ST, PIQUA, OH 45356-2231
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Jun 2, 2021
—
Vestco Ltd
—
Deed
related
$1,325,000 · The Huntington National Bank
Nov 2, 2018
—
Vestco Ltd
—
Deed
related
$300,000 · Pnc Bk Natl Assn
Jun 29, 2018
—
Vestco Ltd
—
Deed
related
$762,000 · Pnc Bank
—
—
Vestco Ltd
—
Loan Modification
related
$300,000 · Pnc Bk Natl Assn
—
—
Vestco Ltd
—
Deed Of Trust
related
$30,000 · City Of Piqua
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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