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Property profile & analytics
OFF-MARKET
Estimated value
$14,200,000
Manufacturing properties
500 Venture Dr Orrville, OH 44667-2508
Entity Owned
6-yr Hold
Free & Clear
Property ID
US66-4480966
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2012
Total area
116,400 SF
Lot
27.23 ac (1,186,139 SF)
APN
59-02959-168
UPID
US66-4480966
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
$10.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.03M
Blend (final)
Blend
$14.20M
Owner & transaction history
Venture Products INC · 6 yrs held
Venture Products INC
since 2020
Last sale
$16.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.2M
+107.4%
Office building
$12.3M
+79.3%
Commercial (general)
$10.7M
+56.6%
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 Orrville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orrville 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
$13,450,000
ML approach
$10,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$14,215,000
Change: +107% · Conversion: Difficult
OFFICE BUILDING
$12,285,000
Change: +79% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,730,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,255,000
Change: +35% · Conversion: Easy
Blend value · Realmo final
$14.20M
Range $12.78M – $15.62M · ±10% · vs last sale $16.74M (Mar 2 2020)
Last sale anchor
$16.74M
Mar 2 2020
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
$122 / 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
$208,952
Tax year 2023
Assessed value
$5,563,890
Assessed 2023
Previous assessed
$5,563,880
+0.0% YoY
Effective rate
3.76%
On assessed value
Assessed land
$277,040
Assessed improvement
$5,286,850
Land market value
$791,530
Improvement market value
$15,105,270
Total market value
$15,896,800
Applied tax rate
59.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2012
Heating
NONE
Stories
1
Total area
116,400 SF
Lot
27.23 ac (1,186,139 SF)
APN
59-02959-168
UPID
US66-4480966
Jurisdiction
WAYNE
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
$14.2M
OFFICE BUILDING
Est. value
$12.3M
COMMERCIAL (GENERAL)
Est. value
$10.7M
AUTO REPAIR, GARAGE
Est. value
$9.3M
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2012
Heating
NONE
Stories
1
Lot
27.23 ac
Current owner
From public records · entity-resolved
Venture Products INC
Entity
Free & Clear · 6 yrs held
Mailing address
500 VENTURE DR, ORRVILLE, OH 44667-2508
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2020
—
Smithfoods Orrville INC
—
Deed
related
$120,121,800 · Wells Fargo Bk
Mar 2, 2020
$33,470
Venture Products INC
Sbf Hldgs LLC
Warranty Deed
—
Oct 25, 2018
$514,000
Sbf Holdings LLC
City Of Orrville
Grant Deed
related
$5,890,000 · Commercial & Svgs Bk
Mar 19, 2018
—
Ssft Holdings LLC
—
Grant Deed
related
$5,890,000 · Commercial & Svgs Bk
Nov 21, 2017
—
Sbf Holdings LLC
Sbf Holdings LLC
Quit Claim Deed
related
$7,156,764 · Commercial & Svgs Bk
Nov 6, 2017
—
Smithfoods Orrville INC
Sbf Holdings LLC
Grant Deed
—
Mar 16, 2015
—
Sbf Holdings LLC
—
Grant Deed
related
$1,500,000 · Commercial Svgs Bk
Jan 26, 2015
—
Sbf Holdings LLC
Sbf Holdings LLC
Quit Claim Deed
related
—
May 25, 2012
$541,300
Sbf Holdings LLC
City Of Orrville
Warranty Deed
—
—
—
Sbf Holdings LLC
—
Deed Of Trust
related
$3,505,268 · Commercial & Svgs Bk
—
—
Smithfoods Orrville INC
—
Loan Modification
related
$120,121,800 · Wells Fargo Bk
—
—
Sbf Holdings LLC
—
Deed Of Trust
related
$700,000 · Commercial & 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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