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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Retail space
502 4th St Spencerville, OH 45887-1202
Entity Owned
6-yr Hold
Free & Clear
Property ID
US66-0989845
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Construction
FRAME
Total area
9,100 SF
Lot
1.65 ac (71,874 SF)
APN
44-1209-04-001.000
UPID
US66-0989845
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
-
Dollar General Discount Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$879k
Blend (final)
Blend
$1.33M
Owner & transaction history
Silver Shield LLC · 6 yrs held
Silver Shield LLC
since 2020
Last sale
$1.3M
5 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 Spencerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spencerville 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
$1,320,000
ML approach
$1,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10% · vs last sale $1.34M (Jan 7 2020)
Last sale anchor
$1.34M
Jan 7 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
$146 / 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
$8,566
Tax year 2023
Assessed value
$194,220
Assessed 2023
Previous assessed
$194,220
+0.0% YoY
Effective rate
4.41%
On assessed value
Assessed land
$33,950
Assessed improvement
$160,270
Land market value
$97,000
Improvement market value
$457,900
Total market value
$554,900
Applied tax rate
209.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
6
Bathrooms
1
Total area
9,100 SF
Lot
1.65 ac (71,874 SF)
APN
44-1209-04-001.000
UPID
US66-0989845
Jurisdiction
ALLEN
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
2012
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
6
Bathrooms
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
Silver Shield LLC
Entity
Free & Clear · 6 yrs held
Mailing address
502 E 4TH ST, SPENCERVILLE, OH 45887-1202
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2021
—
Silver Shield LLC
—
Deed
related
$877,500 · Wells Fargo Bank NA
Jan 7, 2020
$1,340,000
Silver Shield LLC
Cadano-ardmore LLC
Grant Deed
—
Oct 7, 2016
$1,423,200
Cadano-ardmore LLC
Arc Dg40pck001 LLC
Grant Deed
$540,000 · Bank Of The West
Oct 17, 2014
$1,423,200
Arc Dg40pck001 LLC
Spencerville Dohp Vii LLC
Grant Deed
—
Dec 23, 2009
$120,000
John Medaugh
Wurster M J Living Trust
Warranty Deed
$72,000 · First Federal Bank Midwest
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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