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Property profile & analytics
OFF-MARKET
Estimated value
$36,050,000
Distribution centers
444 Independence Dr Medina, OH 44256-2407
Entity Owned
11-yr Hold
Free & Clear
Property ID
US66-2288520
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1977
Total area
500,316 SF
Lot
24.07 ac (1,048,489 SF)
APN
028-19C-08-006
UPID
US66-2288520
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
$34.84M
Comparable Approach
Comparable
$32.57M
Blend (final)
Blend
$36.05M
Owner & transaction history
Do It Best Corp · 11 yrs held
Do It Best Corp
since 2015
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$59.9M
+24.9%
Auto repair, garage
$58.5M
+22.0%
Office building
$54.6M
+13.7%
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 Medina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medina 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%
$37,740,000
6.5%
$34,840,000
7%
$32,350,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$47,995,000
Current use
COMMERCIAL (GENERAL)
$59,935,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$58,530,000
Change: +22% · Conversion: Easy
OFFICE BUILDING
$54,585,000
Change: +14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$43,770,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$36.05M
Range $32.45M – $39.66M · ±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
$72 / 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
$224,047
Tax year 2023
Assessed value
$3,839,480
Assessed 2023
Previous assessed
$3,839,480
+0.0% YoY
Effective rate
5.84%
On assessed value
Assessed land
$509,190
Assessed improvement
$3,330,290
Land market value
$1,454,830
Improvement market value
$9,515,120
Total market value
$10,969,950
Applied tax rate
28.0000
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
1977
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Total area
500,316 SF
Lot
24.07 ac (1,048,489 SF)
APN
028-19C-08-006
UPID
US66-2288520
Jurisdiction
MEDINA
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
$48.0M
COMMERCIAL (GENERAL)
Est. value
$59.9M
AUTO REPAIR, GARAGE
Est. value
$58.5M
OFFICE BUILDING
Est. value
$54.6M
INDUSTRIAL (GENERAL)
Est. value
$43.8M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (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
1977
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
24.07 ac
Current owner
From public records · entity-resolved
Do It Best Corp
Entity
Free & Clear · 11 yrs held
Mailing address
6502 NELSON RD, FORT WAYNE, IN 46803-1920
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2015
—
Do It Best Corp
Hardware Wholesalers INC
Quit Claim Deed
related
—
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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