Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,595,000
Distribution centers
4251 Venice Rd Sandusky, OH 44870
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2609925
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2006
Construction
STEEL FRAME
Total area
49,000 SF
Lot
10.98 ac (478,502 SF)
APN
60-00697-000
UPID
US66-2609925
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
$3.76M
Comparable Approach
Comparable
$3.43M
Blend (final)
Blend
$3.60M
Owner & transaction history
K & M Interiors Ltd · 4 yrs held
K & M Interiors Ltd
since 2022
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.8M
+145.7%
Auto repair, garage
$4.8M
+103.0%
Restaurant
$4.8M
+101.2%
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 Sandusky submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sandusky 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%
$4,075,000
6.5%
$3,760,000
7%
$3,495,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,365,000
Current use
COMMERCIAL (GENERAL)
$5,815,000
Change: +146% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,805,000
Change: +103% · Conversion: Easy
RESTAURANT
$4,760,000
Change: +101% · Conversion: Difficult
OFFICE BUILDING
$4,195,000
Change: +77% · Conversion: Difficult
RETAIL STORES
$3,795,000
Change: +60% · Conversion: Moderate
MEDICAL BUILDING
$3,395,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$3.60M
Range $3.24M – $3.95M · ±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
$73 / 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
$70,100
Tax year 2023
Assessed value
$1,029,812
Assessed 2023
Previous assessed
$1,029,819
0.0% YoY
Effective rate
6.81%
On assessed value
Assessed land
$48,986
Assessed improvement
$980,826
Land market value
$139,960
Improvement market value
$2,802,360
Total market value
$2,942,320
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Stories
1
Total area
49,000 SF
Lot
10.98 ac (478,502 SF)
APN
60-00697-000
UPID
US66-2609925
Jurisdiction
ERIE
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
WAREHOUSE, STORAGE Current
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$4.8M
RESTAURANT
Est. value
$4.8M
OFFICE BUILDING
Est. value
$4.2M
RETAIL STORES
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
2006
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
2
Lot
10.98 ac
Current owner
From public records · entity-resolved
K & M Interiors Ltd
Individual
Mailing address
2230 SUPERIOR ST, SANDUSKY, OH 44870-1843
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2022
—
K & M Interiors Ltd
—
Deed
related
$5,000,000 · Civista Bank
Feb 7, 2020
—
K&m Interiors Ltd
—
Deed
related
$1,408,000 · Civista Bank
Apr 4, 2019
—
K & M Interiors Ltd
—
Grant Deed
related
$8,000,000 · Civista Bk
Jun 28, 2018
—
K & M Interiors Ltd
—
Grant Deed
related
$6,000,000 · Civista Bk
May 23, 2016
—
K & M Interiors Ltd
—
Deed
related
$3,000,000 · Civista 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.
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 4251 Venice Rd?
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.
