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Property profile & analytics
FOR LEASE
Office buildings
4680 Parkway Dr Mason, OH 45040
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-1217458
For Lease
1 / 2
Contact for pricing
4680 Parkway Dr, Mason, OH 45040
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1998
Construction
CONCRETE
Total area
32,314 SF
Lot
10.2 ac (444,138 SF)
APN
16-26-151-011-0
UPID
US66-1217458
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
-
Rob Young - VanDyk Mortgage Corporation - Cincinnati Loan Service Bank
-
Summit Funding Group Bank Credit Union
-
GENSUITE (Bike/Boat/Book/etc) Store Corporate Office
-
Manning David Insurance Agency
-
West Point Optical Group Ophthalmologist (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.21M
CAP Approach
CAP
$6.86M
Comparable Approach
Comparable
$6.49M
Blend (final)
Blend
$5.57M
Owner & transaction history
1306 Gloria Terrell Drive LLC · 1 yrs held
1306 Gloria Terrell Drive LLC
since 2025
Last sale
$5.6M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.8M
+58.5%
Auto repair, garage
$7.8M
+41.0%
Industrial (general)
$6.4M
+15.9%
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
$4,660,000
ML approach
$4,205,000
CAP Approach
CAP Return
Estimation
6%
$7,435,000
6.5%
$6,860,000
7%
$6,370,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,550,000
Current use
RETAIL STORES
$8,795,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,825,000
Change: +41% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$6,430,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,625,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$5.57M
Range $5.01M – $6.13M · ±10% · vs last sale $5.60M (Mar 3 2025)
Last sale anchor
$5.60M
Mar 3 2025
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
$172 / 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
$265,728
Tax year 2023
Assessed value
$3,709,041
Assessed 2023
Previous assessed
$3,709,041
+0.0% YoY
Effective rate
7.16%
On assessed value
Assessed land
$481,761
Assessed improvement
$3,227,280
Land market value
$1,376,460
Improvement market value
$9,220,800
Total market value
$10,597,260
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
For Lease
Year built
1998
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
32,314 SF
Lot
10.2 ac (444,138 SF)
APN
16-26-151-011-0
UPID
US66-1217458
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
$5.6M
RETAIL STORES
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$7.8M
INDUSTRIAL (GENERAL)
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$5.6M
OFFICE BUILDING Current
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
1998
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
10.2 ac
Current owner
From public records · entity-resolved
1306 Gloria Terrell Drive LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4680 PKWY DR STE #115, MASON, OH 45040-8197
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2025
$5,600,000
1306 Gloria Terrell Drive LLC
Cvg Partners IV LLC
Deed
—
Sep 27, 2022
—
Cvg Partners IV LLC
—
Deed
related
$2,000,000 · Pnc Bank NA
Jul 2, 2019
—
Cvg Partners IV LLC
—
Grant Deed
related
$57,000,000 · Bbva USA
Dec 11, 2015
$43,000,000
Cvg Partners IV LLC
Realty Ohio Duke
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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