New search
Property profile & analytics
OFF-MARKET
Drive through restaurants
501 State Rte 49 Fort Recovery, OH 45846
Entity Owned
Free & Clear
Property ID
US66-3211672
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1953
Total area
1,098 SF
Lot
0.62 ac (26,833 SF)
APN
13-16-252-001
UPID
US66-3211672
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fr Dairy LLC
Fr Dairy LLC
since 2026
7 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 Fort Recovery submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Recovery 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$718
Tax year 2023
Assessed value
$16,130
Assessed 2023
Previous assessed
$19,610
-17.7% YoY
Effective rate
4.45%
On assessed value
Assessed land
$4,740
Assessed improvement
$11,390
Land market value
$13,550
Improvement market value
$32,530
Total market value
$46,080
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1953
Heating
NONE
Total area
1,098 SF
Lot
0.62 ac (26,833 SF)
APN
13-16-252-001
UPID
US66-3211672
Jurisdiction
MERCER
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
1953
Heating
NONE
Lot
0.62 ac
Current owner
From public records · entity-resolved
Fr Dairy LLC
Entity
Free & Clear · 0 yrs held
Mailing address
172 E MAIN ST, SAINT HENRY, OH 45883-9203
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2026
$127,514
Fr Dairy LLC
Jba Enterprise LLC
Warranty Deed
—
Jan 28, 2025
—
Jba Enterprise LLC
—
Deed
related
$101,958 · The St Henry Bank
Jan 7, 2022
—
Jba Enterprise LLC
—
Deed
related
$477,500 · The St Henry Bank
Feb 14, 2020
—
Jba Enterprise LLC
—
Deed
related
$90,000 · Organized Labor Cu
Oct 23, 2018
$105,000
Jba Enterprises LLC
Thomas Klingshirn
Warranty Deed
$163,000 · The St Henry Bank
Dec 1, 2017
—
Thomas P Klingshirn
—
Deed
related
$80,648 · The St Henry Bank
Nov 29, 2012
—
Thomas Klingshirn
Thomas Klingshirn
Intrafamily Transfer
related
—
Feb 28, 2008
$92,200
Thomas Klingshirn
Donald Clark
Warranty Deed
$100,000 · Osgood State Bank
Feb 28, 2008
$60,000
Donald Clark
Susan K Knight
Warranty Deed
—
Feb 28, 2008
—
Susan K Knight
Michael A Knight
Affidavit Of Death Of Joint Tenant
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 501 State Rte 49?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
