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Property profile & analytics
OFF-MARKET
Estimated value
$20,515,000
Office buildings
4361 Irwin Simpson Rd Mason, OH 45040-9479
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1439282
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1996
Construction
CONCRETE
Total area
76,844 SF
Lot
18.74 ac (816,358 SF)
APN
16-27-400-019-0
UPID
US66-1439282
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
-
Anthem Blue Cross Blue Shield Insurance Agency
-
Community Insurance Co Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.32M
Comparable Approach
Comparable
$15.43M
Blend (final)
Blend
$20.52M
Owner & transaction history
Galaxy Oh LP · 3 yrs held
Galaxy Oh LP
since 2022
Last sale
$20.4M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$25.4M
+92.4%
Retail stores
$20.9M
+58.5%
Auto repair, garage
$18.6M
+41.0%
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
$20,510,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,680,000
6.5%
$16,320,000
7%
$15,150,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,195,000
Current use
RESTAURANT
$25,390,000
Change: +92% · Conversion: Moderate
RETAIL STORES
$20,915,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$18,610,000
Change: +41% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$15,295,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,380,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$20.52M
Range $18.46M – $22.57M · ±10% · vs last sale $20.38M (Sep 8 2022)
Last sale anchor
$20.38M
Sep 8 2022
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
$267 / 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
$571,256
Tax year 2023
Assessed value
$7,992,548
Assessed 2023
Previous assessed
$7,992,548
+0.0% YoY
Effective rate
7.15%
On assessed value
Assessed land
$885,518
Assessed improvement
$7,107,030
Land market value
$2,530,050
Improvement market value
$20,305,800
Total market value
$22,835,850
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1996
Construction
CONCRETE
Heating
YES
Buildings
2
Stories
3
Total area
76,844 SF
Lot
18.74 ac (816,358 SF)
APN
16-27-400-019-0
UPID
US66-1439282
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$13.2M
RESTAURANT
Est. value
$25.4M
RETAIL STORES
Est. value
$20.9M
AUTO REPAIR, GARAGE
Est. value
$18.6M
INDUSTRIAL (GENERAL)
Est. value
$15.3M
COMMERCIAL (GENERAL)
Est. value
$13.4M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
1996
Construction
CONCRETE
Heating
YES
Stories
3
Buildings
2
Lot
18.74 ac
Current owner
From public records · entity-resolved
Galaxy Oh LP
Entity
Mailing address
700 DRESHER RD STE #150, HORSHAM, PA 19044-0138
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
—
Galaxy Rut LLC
—
Deed
related
—
Sep 8, 2022
$20,382,000
Galaxy Oh LP
The Gc Net Lease Mason I Investors
Limited Warranty Deed
$736,000,000 · Jpmorgan Chase Bank NA
Nov 10, 2014
$22,500,000
Gc Net Lease Mason I Investor
Community Insurance Co
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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