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Property profile & analytics
OFF-MARKET
Estimated value
$3,795,000
Office buildings
48661 National Rd Saint Clairsville, OH 43950-9701
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-1657611
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Total area
27,015 SF
Lot
1.99 ac (86,684 SF)
APN
32-01863-000
UPID
US66-1657611
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
-
Corporate Office Riesbeck's Corporate Office
-
Riesbeck Food Markets Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.80M
CAP Approach
CAP
$4.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.80M
Owner & transaction history
Unified Bank · 2 yrs held
Unified Bank
since 2024
Last sale
$3.8M
7 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 Saint Clairsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saint Clairsville 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
$3,795,000
ML approach
$3,795,000
CAP Approach
CAP Return
Estimation
6%
$4,600,000
6.5%
$4,245,000
7%
$3,940,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,815,000
Current use
COMMERCIAL (GENERAL)
$2,620,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$3.80M
Range $3.42M – $4.17M · ±10% · vs last sale $3.79M (Apr 3 2024)
Last sale anchor
$3.79M
Apr 3 2024
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
$140 / 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
$19,434
Tax year 2023
Assessed value
$453,340
Assessed 2023
Previous assessed
$453,340
+0.0% YoY
Effective rate
4.29%
On assessed value
Assessed land
$84,430
Assessed improvement
$368,910
Land market value
$241,230
Improvement market value
$1,054,030
Total market value
$1,295,260
Applied tax rate
32.0000
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
Status
Off-Market
Year built
1962
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Total area
27,015 SF
Lot
1.99 ac (86,684 SF)
APN
32-01863-000
UPID
US66-1657611
Jurisdiction
BELMONT
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
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.6M
OFFICE BUILDING Current
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
1962
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
1.99 ac
Current owner
From public records · entity-resolved
Unified Bank
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 10, MARTINS FERRY, OH 43935-0010
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2024
$3,793,333
Unified Bank
Riesbeck Food Markets INC
Warranty Deed
—
Aug 7, 2020
—
Riesbeck Food Markets INC
—
Deed Of Trust
related
$300,000 · Unified Bk
Nov 19, 2018
—
Riesbeck Food Markets INC
—
Deed
related
$1,100,000 · Unified Bk
Aug 21, 2018
—
Riesbeck Food Markets INC
—
Deed
related
$700,000 · Unified Bk
Apr 24, 2018
—
Riesbeck Food Markets INC
—
Deed
related
$1,000,000 · Unified Bkng
—
—
Riesbeck Food Markets INC
—
Deed Of Trust
related
$1,100,000 · Unified Bk
—
—
Riesbeck Food Markets INC
—
Deed Of Trust
related
$1,000,000 · Unified Bkng
—
—
Riesbeck Food Markets INC
—
Deed Of Trust
related
$700,000 · Unified Bk
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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