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Property profile & analytics
OFF-MARKET
Apartment buildings
451 Vernon Ave Delaware, OH 43015-2098
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US66-0724253
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Total area
4,900 SF
Lot
6.54 ac (285,057 SF)
APN
519-442-01-007-000
UPID
US66-0724253
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jeremiah 2911 Properties LLC · 11 yrs held
Jeremiah 2911 Properties LLC
since 2015
6 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 Delaware submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delaware 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
$4,507
Tax year 2023
Assessed value
$81,100
Assessed 2023
Previous assessed
$60,940
+33.1% YoY
Effective rate
5.56%
On assessed value
Assessed land
$48,090
Assessed improvement
$33,010
Land market value
$137,400
Improvement market value
$94,300
Total market value
$231,700
Applied tax rate
14.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1980
Heating
YES
Cooling
CENTRAL
Stories
2
Rooms
16
Bathrooms
5
Total area
4,900 SF
Lot
6.54 ac (285,057 SF)
APN
519-442-01-007-000
UPID
US66-0724253
Jurisdiction
DELAWARE
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
1980
Heating
YES
Cooling
Yes
Stories
2
Rooms
16
Bathrooms
5
Lot
6.54 ac
Current owner
From public records · entity-resolved
Jeremiah 2911 Properties LLC
Entity
Mailing address
451 VERNON AVE, DELAWARE, OH 43015-2098
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2015
$98,500
Jeremiah 2911 Properties LLC
Bank Of Ny Series 2004-13
Grant Deed
—
Oct 14, 2014
$120,000
Bank Of Ny Mellon Trust 2004-13 Tr
Sheriff Of Delaware County
Trustees Deed
related
—
Jul 30, 2014
$120,000
Bank Of Ny Cwabs Trust 2014-13 Tr
Sheriff Of Delaware County
Trustees Deed
related
—
Oct 9, 2009
—
Arnold Deel
Sugar Run Dev LLC
Quit Claim Deed
—
—
—
Arnold J Deel
—
Deed Of Trust
related
$212,319 · Bac Home Loans Servicing LP
—
—
Arnold J Deel
—
Deed Of Trust
related
$196,000 · Full Spectrum Lending INC
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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