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Property profile & analytics
FOR LEASE
Turn key restaurants
5 N Sandusky St Delaware, OH 43015
Entity Owned
11-yr Hold
Free & Clear
Property ID
US66-2768860
For Lease
1 / 24
$16.50 SF/Yr
5 N Sandusky St, Delaware, OH 43015
View Listing →
Property summary
AI-generated overview
This exceptional 875-square-foot office space is ideally located at 5 N Sandusky St in downtown Delaware, Ohio, within Delaware County. The property is a single-tenant traditional office space situated on the second or third floor above Son of Thurman's. This presents a unique opportunity for businesses seeking a vibrant and accessible location. The space is currently undergoing build-out and is projected to be available for occupancy on April 1st, 2020. Flexibility is a key feature
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1920
Total area
11,046 SF
Lot
0.1 ac (4,182 SF)
APN
519-432-25-027-000
UPID
US66-2768860
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
-
Exactly You Boudoir Photography Service (Bike/Boat/Book/etc) Store
-
Jacob's Way Social Service Agency
-
Son of Thurman Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$645k
Blend (final)
Blend
$715k
Owner & transaction history
Selo Bolno LLC · 11 yrs held
Selo Bolno LLC
since 2014
4 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
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
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$65 / 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
$10,725
Tax year 2023
Assessed value
$247,630
Assessed 2023
Previous assessed
$199,080
+24.4% YoY
Effective rate
4.33%
On assessed value
Assessed land
$20,510
Assessed improvement
$227,120
Land market value
$58,600
Improvement market value
$648,900
Total market value
$707,500
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1920
Heating
YES
Cooling
YES
Stories
2
Total area
11,046 SF
Lot
0.1 ac (4,182 SF)
APN
519-432-25-027-000
UPID
US66-2768860
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
1920
Heating
YES
Cooling
Yes
Stories
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Selo Bolno LLC
Entity
Free & Clear · 11 yrs held
Mailing address
5 N SANDUSKY ST, DELAWARE, OH 43015-4427
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Aug 14, 2019
—
Selo Bolno LLC
—
Deed
related
$800,000 · Richwood Bk
Nov 12, 2014
$136,500
Selo Bolno LLC
Ivan Gelfannd General Partnership O
Warranty Deed
—
—
—
Selo Bolno LLC
—
Deed Of Trust
related
$159,000 · Community Dev Commission
—
—
Selo Bolno LLC
—
Deed Of Trust
related
$800,000 · Richwood 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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