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Property profile & analytics
FOR LEASE
Retail space
4900 Parkway Dr, Mason, OH 45040
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-5831192
For Lease
1 / 16
$12 SF/Yr
4900 Parkway Dr, Mason, OH 45040
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
76,400 SF
Lot
8.2 ac (357,105 SF)
APN
16-26-151-004-0
UPID
US66-5831192
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
-
Dr. Todd Greenberg, MD Physician
-
Scanreco Inc Corporate Office
-
Canon Solutions America Big Box & Wholesale Store
-
Deerfield Township Administration City Government Office
-
Dr. Susie H. Kim-Maulsby, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.36M
CAP Approach
CAP
$11.48M
Comparable Approach
Comparable
$13.57M
Blend (final)
Blend
$12.46M
Owner & transaction history
Govhix LLC · 5 yrs held
Govhix LLC
since 2021
Last sale
$12.4M
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 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
$16,800,000
ML approach
$9,360,000
CAP Approach
CAP Return
Estimation
6%
$12,435,000
6.5%
$11,480,000
7%
$10,660,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$18,505,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$12.46M
Range $11.21M – $13.71M · ±10% · vs last sale $12.40M (Feb 8 2021)
Last sale anchor
$12.40M
Feb 8 2021
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
$163 / 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
$149,650
Tax year 2023
Assessed value
$2,084,954
Assessed 2023
Previous assessed
$2,084,954
+0.0% YoY
Effective rate
7.18%
On assessed value
Assessed land
$271,149
Assessed improvement
$1,813,805
Land market value
$774,710
Improvement market value
$5,182,300
Total market value
$5,957,010
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
76,400 SF
Lot
8.2 ac (357,105 SF)
APN
16-26-151-004-0
UPID
US66-5831192
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
AUTO REPAIR, GARAGE
Est. value
$18.5M
AUTO REPAIR, GARAGE
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
8.2 ac
Current owner
From public records · entity-resolved
Govhix LLC
Entity
Mailing address
3000 RACE ST #100, FORT WORTH, TX 76111-4116
Ownership since
2021
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
Feb 8, 2021
$12,400,000
Govhix LLC
Pnl Cumberland LLC
Limited Warranty Deed
$10,200,000 · First Financial Bank
Jul 27, 2018
$8,350,000
2 Douglas LLC
4700 Duke Drive Holdings LLC
Trustees Deed
$7,860,493 · Northern Tr
Oct 1, 2013
$9,000,000
—
Core Governors Point
Grant Deed
related
—
Dec 27, 2007
$420,766
Tic Governors Pointe 28 LLC
Core Governors Pointe T LLC
Grant Deed
—
Nov 6, 2007
$965,013
Tic Governor's Pointe 24 LLC
Core Governor's Pointe T LLC
Grant Deed
—
Oct 4, 2007
$13,310,601
Tic Governor's Pointe 3 LLC
Core Governor's Pointe T LLC
Grant Deed
—
Jul 12, 2007
$18,600,000
Core Governors Pointe T LLC
Firstcal Industrial 2 Acquisition L
Limited Warranty Deed
$14,275,500 · Wachovia Bank NA
Oct 10, 2005
$11,016,700
Indl 2 Acquisition L Firstcal
Duke Realty Ohio
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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