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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Automotive properties
500 Broadway St New Lexington, OH 43764-9040
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-4693702
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2005
Total area
11,215 SF
Lot
5.47 ac (238,273 SF)
APN
27-000377.0000
UPID
US66-4693702
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
-
Ridenour Motors, LLC Parts Auto Parts Store
-
Ridenour Motors, LLC Collision Auto Repair Shop
-
Ridenour Auto Group Collision Auto Repair Shop
-
KEER Automotive - Service Auto Repair Shop
-
KEER Automotive - Ford Car Dealership Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.52M
Owner & transaction history
Keer Property Holdings LLC · 4 yrs held
Keer Property Holdings LLC
since 2022
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+40.0%
Commercial (general)
$1.3M
+20.5%
Restaurant
$1.1M
+2.2%
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 New Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Lexington 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
$1,080,000
ML approach
$1,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,110,000
Current use
OFFICE BUILDING
$1,550,000
Change: +40% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,335,000
Change: +21% · Conversion: Moderate
RESTAURANT
$1,130,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±10% · vs last sale $1.50M (Jun 21 2022)
Last sale anchor
$1.50M
Jun 21 2022
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
$135 / 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
$15,590
Tax year 2023
Assessed value
$277,470
Assessed 2023
Previous assessed
$375,140
-26.0% YoY
Effective rate
5.62%
On assessed value
Assessed land
$60,310
Assessed improvement
$217,160
Land market value
$172,310
Improvement market value
$620,470
Total market value
$792,780
Applied tax rate
27.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2005
Stories
1
Total area
11,215 SF
Lot
5.47 ac (238,273 SF)
APN
27-000377.0000
UPID
US66-4693702
Jurisdiction
PERRY
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 Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
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
2005
Stories
1
Lot
5.47 ac
Current owner
From public records · entity-resolved
Keer Property Holdings LLC
Entity
Mailing address
500 W BROADWAY ST, NEW LEXINGTON, OH 43764-9040
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2026
—
Keer Property Holdings LLC
—
Deed
related
$881,000 · Peoples State Bank
Jun 21, 2022
$1,500,000
Keer Property Holdings LLC
Ridenour Real Estate Holdings LLC
Warranty Deed
$1,500,000 · Peoples State Bank
Jun 21, 2022
—
Keer Property Holdings LLC
—
Deed
related
$381,000 · Peoples State Bank
Jul 16, 2008
$1,350,000
Ridenour Real Estate Holdings Ltd
Broadway Ford LLC
Deed
$1,350,000 · Peoples National Bank
Aug 18, 2006
—
Bair And Bowen LLC
Chio General Pa
Warranty Deed
$225,000 · Charles W Owen JR Etux
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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