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Property profile & analytics
FOR SALE
Breweries
450 Western Ave Lewisburg, OH 45338
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-5287937
For Sale
1 / 42
$650,000
450 Western Ave, Lewisburg, OH 45338
View Listing →
Property summary
AI-generated overview
This 10,320-square-foot industrial building in Lewisburg, Ohio, presents a unique investment opportunity. Priced at $650,000 ($62.98/sq ft), the property sits on a 7.602-acre lot and is zoned I-1. Currently a shell building, construction was previously underway for a restaurant/brewery/retail space but was halted mid-project. The structure features a completed exterior shell, installed windows and roof insulation, a finished mezzanine, and some completed drainage and sidewalks. This offers a significant cost savings for a buyer looking to complete the build-out to their specifications. The building's versatile nature makes it ideal for various uses, including warehouse space, self-storage, or even a brewery, given its prior intended use. Convenient access is provided from both Clay Street and Western Avenue, with proximity to I-70 via West Clay Street. The property's APN is D13001202800012003. This is a prime opportunity to acquire a partially completed building in a desirable location at a competitive price.
Property profile
Verified
Property type
Breweries
Use group
DISTILLERY, BREWERY, BOTTLING
Lot
7.6 ac (331,143 SF)
APN
D13-0012-028-00-012-003
UPID
US66-5287937
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
-
Lost Railroad Brewhaus Production Facility Brewery & Distillery
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
First Savings Bank · 2 yrs held
First Savings Bank
since 2023
2 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 Lewisburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lewisburg 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
$157,437
Tax year 2023
Assessed value
$59,310
Assessed 2023
Previous assessed
$17,860
+232.1% YoY
Effective rate
265.45%
On assessed value
Assessed land
$14,890
Assessed improvement
$44,420
Land market value
$42,550
Improvement market value
$126,900
Total market value
$169,450
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Breweries
Use group
DISTILLERY, BREWERY, BOTTLING
Status
For Sale
Heating
NONE
Lot
7.6 ac (331,143 SF)
APN
D13-0012-028-00-012-003
UPID
US66-5287937
Jurisdiction
PREBLE
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
Heating
NONE
Lot
7.6 ac
Current owner
From public records · entity-resolved
First Savings Bank
Entity
Free & Clear · 2 yrs held
Mailing address
6008 BROWNSBORO PARK BLVD STE D, LOUISVILLE, KY 40207-1295
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2023
$233,334
First Savings Bank
Big Belly Building LLC
Sheriffs Deed
related
—
Jul 28, 2021
—
Big Belly Building LLC
—
Deed
related
$1,995,000 · First Savings 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.
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