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Property profile & analytics
OFF-MARKET
Estimated value
$1,980,000
Office buildings
500 Erie St Hubbard, OH 44425-1118
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1833188
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1946
Total area
16,360 SF
Lot
17.3 ac (753,588 SF)
APN
02-302100
UPID
US66-1833188
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
-
VEC Hubbard Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.59M
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.98M
Owner & transaction history
Belmont Property Of Liberty LLC · 12 yrs held
Belmont Property Of Liberty LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+36.0%
Commercial (general)
$1.5M
+31.7%
Medical building
$1.3M
+20.8%
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 Hubbard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hubbard 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%
$2,805,000
6.5%
$2,585,000
7%
$2,400,000
Alternative Use
Use
Estimation
RESTAURANT
$1,510,000
Change: +36% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,460,000
Change: +32% · Conversion: Easy
MEDICAL BUILDING
$1,340,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$1.98M
Range $1.78M – $2.18M · ±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
$121 / 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
$11,985
Tax year 2023
Assessed value
$476,460
Assessed 2023
Previous assessed
$476,460
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$43,890
Assessed improvement
$432,570
Land market value
$125,400
Improvement market value
$1,235,900
Total market value
$1,361,300
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1946
Heating
NONE
Buildings
2
Stories
1
Total area
16,360 SF
Lot
17.3 ac (753,588 SF)
APN
02-302100
UPID
US66-1833188
Jurisdiction
TRUMBULL
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
RESTAURANT
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL 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
1946
Heating
NONE
Stories
1
Buildings
2
Lot
17.3 ac
Current owner
From public records · entity-resolved
Belmont Property Of Liberty LLC
Entity
Mailing address
977 TIBBETTS WICK RD, GIRARD, OH 44420-1133
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2018
—
Belmont Prop Of Liberty LLC
—
Deed
related
$791,388 · Home Svgs Bk
Oct 27, 2017
—
Belmont Property Of Liberty LLC
—
Deed
related
$791,000 · Home Savings Bank
May 3, 2017
—
Belmont Property Of Liberty LLC
—
Grant Deed
related
$10,000,000 · Huntington Nat'l Bk
Jun 19, 2014
—
Belmont Property Of Liberty LLC
Belmont Property Of Liberty LLC
Quit Claim Deed
related
—
Jun 15, 2012
$95,000
Belmont Property Of Liberty LLC
Powell Systems INC
Warranty Deed
—
—
—
Belmont Prop Of Liberty LLC
—
Deed Of Trust
related
$791,388 · Home Svgs Bk
—
—
Belmont Property Of Liberty LLC
—
Deed Of Trust
related
$763,000 · Economic & Cmnty Dev Inst
—
—
Belmont Property Of Liberty LLC
—
Deed Of Trust
related
$1,665,000 · Huntington Nat'l Bk
—
—
Belmont Property Of Liberty LLC
—
Deed Of Trust
related
$791,000 · Home Svgs 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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