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Property profile & analytics
FOR LEASE
Industrial properties
4240 Irwin Simpson Rd, Mason, OH 45040
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2905519
For Lease
1 / 6
$6 SF/Yr
4240 Irwin Simpson Rd, Mason, OH 45040
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1999
Construction
CONCRETE
Total area
69,932 SF
Lot
7.15 ac (311,454 SF)
APN
16-27-425-006-0
UPID
US66-2905519
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
-
Workhorse Aero Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.95M
CAP Approach
CAP
$4.42M
Comparable Approach
Comparable
$4.32M
Blend (final)
Blend
$5.00M
Owner & transaction history
Pool 6 Industrial Oh LLC · 4 yrs held
Pool 6 Industrial Oh LLC
since 2021
Last sale
$5.2M
7 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 Mason submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mason 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
$6,985,000
ML approach
$5,945,000
CAP Approach
CAP Return
Estimation
6%
$4,790,000
6.5%
$4,420,000
7%
$4,105,000
Blend value · Realmo final
$5.00M
Range $4.50M – $5.50M · ±10% · vs last sale $5.15M (Nov 18 2021)
Last sale anchor
$5.15M
Nov 18 2021
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
$71 / 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
$120,098
Tax year 2023
Assessed value
$1,671,502
Assessed 2023
Previous assessed
$1,671,502
+0.0% YoY
Effective rate
7.19%
On assessed value
Assessed land
$212,702
Assessed improvement
$1,458,800
Land market value
$607,720
Improvement market value
$4,168,000
Total market value
$4,775,720
Applied tax rate
8.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1999
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
69,932 SF
Lot
7.15 ac (311,454 SF)
APN
16-27-425-006-0
UPID
US66-2905519
Jurisdiction
WARREN
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
1999
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
7.15 ac
Current owner
From public records · entity-resolved
Pool 6 Industrial Oh LLC
Entity
Mailing address
100 W MATSONFORD RD BLDG #5, RADNOR, PA 19087-4559
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2025
—
Pool 6 Industrial Oh LLC
—
Deed
related
$100,000 · Wells Fargo Bank NA
Nov 18, 2021
$5,153,680
Pool 6 Industrial Oh LLC
Exeter 4240 Irwin Simpson LLC
Limited Warranty Deed
$100,000 · Morgan Stanley Bank NA
Feb 19, 2020
—
Exeter 4240 Irwin Simpson LLC
—
Deed
related
$179,270,000 · Exeter 4240 Irwin Simpson LLC
Jan 21, 2020
—
Exeter 4240 Irwin Simpson LLC
—
Grant Deed
related
—
Jan 2, 2020
$4,100,000
Exeter 4240 Irwin Simpson LLC
4240 Irwin Simpson LLC
Limited Warranty Deed
—
Dec 19, 2017
—
4240 Irwin Simpsonllc
—
Deed
related
$175,000 · Civista Bk
Jun 1, 2016
—
4240 Irwin Simpson LLC
—
Grant Deed
related
$3,750,000 · First Fin'l Bk&tr
Oct 2, 2012
$1,250,000
4240 Irwin Simpson LLC
L 3 Communication Corporation
Limited Warranty Deed
$2,108,000 · First Financial Bank NA
—
—
Exeter 4240 Irwin Simpson LLC
—
Loan Modification
related
$179,270,000 · Exeter 4240 Irwin Simpson LLC
—
—
4240 Irwin Simpsonllc
—
Deed Of Trust
related
$175,000 · Civista Bk
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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