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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Retail space
4981 Main St Sylvania, OH 43560
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1155908
Property summary
AI-generated overview
This exceptional retail property, Southbriar Plaza, located at 4981 Main St, Sylvania, OH 43560, offers 28,660 square feet of space divided into 11 suites. Currently, one 2,400 square foot suite is available for lease. The property boasts a prime location in the established Sylvania area, benefiting from high visibility and foot traffic. Its strategic placement near key establishments such as Promedica Flower Hospital, Five Brewing Company, Kroger, Fricker's, and Lourdes University ensures a consistent flow of potential customers. The property's diverse tenant mix, encompassing retail, office, special purpose, and restaurant spaces, creates a vibrant and dynamic environment. This presents a unique opportunity for businesses seeking a well-established location with strong community ties and convenient access to a diverse customer base. The property's multiple suite configuration offers flexibility for various business needs and sizes. This is an ideal location for businesses looking to thrive in a bustling and convenient Sylvania setting. The property is situated at 41.70791301875792 latitude and -83.69946444195595 longitude.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1967
Total area
19,010 SF
Lot
1 ac (43,560 SF)
Zoning code
31-B2
APN
82-91129
UPID
US66-1155908
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
$1.08M
Blend (final)
Blend
$1.17M
Owner & transaction history
Louisvilel Title Agency For N W Ohi · 3 yrs held
Louisvilel Title Agency For N W Ohi
since 2022
7 recorded transactions
Zoning & alternative use
31-B2 · Sylvania, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+43.1%
Neighborhood: shopping center
$1.5M
+14.7%
Auto repair, garage
$1.4M
+3.5%
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 Sylvania submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sylvania 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,345,000
Current use
MEDICAL BUILDING
$1,925,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,540,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,390,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,225,000
Change: -9% · Conversion: Easy
OFFICE BUILDING
$1,220,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±10%
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
$62 / 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
$25,231
Tax year 2023
Assessed value
$255,955
Assessed 2023
Previous assessed
$255,955
+0.0% YoY
Effective rate
9.86%
On assessed value
Assessed land
$94,430
Assessed improvement
$161,525
Land market value
$269,800
Improvement market value
$461,500
Total market value
$731,300
Applied tax rate
82.0000
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
Off-Market
Year built
1967
Heating
NONE
Total area
19,010 SF
Lot
1 ac (43,560 SF)
Zoning code
31-B2
APN
82-91129
UPID
US66-1155908
Jurisdiction
LUCAS
Zoning & alternative use
31-B2 · Sylvania, OHZoning 31-B2 · permitted uses
31-B2 · Sylvania, OH
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
RETAIL STORES Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1967
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Louisvilel Title Agency For N W Ohi
Individual
Mailing address
626 MADISON AVE, TOLEDO, OH 43604-1123
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2022
—
Louisville Title Agency For N W Ohi
—
Deed
related
$1,400,000 · Waterford Bank NA
Dec 5, 2022
—
Louisvilel Title Agency For N W Ohi
South Briar LLC
Limited Warranty Deed
—
Nov 3, 2022
—
Blue Moon Investment Properties LLC
—
Deed
related
$375,000 · Blue Moon Investment Properties LLC
Nov 4, 2020
$500,500
Blue Moon Investment Propertie
Hadeed Family
Grant Deed
$375,000 · John Crigna
Sep 14, 2011
—
South Briar LLC
Jesse James Properties Ltd
Quit Claim Deed
related
—
Oct 9, 2008
—
Jesse James Properties Ltd
—
Trustees Deed
related
$995,000 · National City Bank
—
—
Jesse James Properties Ltd
—
Deed Of Trust
related
$550,000 · Pnc 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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