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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Warehouses
506 Harcourt Rd Mount Vernon, OH 43050-3920
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US66-3192311
Property summary
AI-generated overview
This exceptional 10,500 square foot multi-tenant property, situated on 1.858 acres in Knox County, offers 4,585 square feet of immediately available retail/office warehouse space. Built in 2007, the building boasts a desirable location on State Route 36 (Harcourt Rd), providing outstanding visibility and excellent signage opportunities for businesses seeking high traffic exposure. The available space features a 10' x 12' overhead door at the rear, perfect for loading and unloading, complemented by a modern glass retail storefront for customer accessibility. Inside, you'll find a convenient unisex restroom, a spacious 16' clear span ceiling, and a comfortable HVAC system with central air and spiral ductwork. Ample parking is available for employees and customers. The property's APN is 12-02190.001. This versatile space is ideal for a variety of businesses seeking a blend of retail presence and warehouse functionality. The property's strategic location and modern amenities make it an attractive opportunity for growth-oriented companies. Don't miss this chance to secure a prime location in a thriving area. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Total area
10,500 SF
Lot
1.86 ac (80,934 SF)
APN
12-02190.001
UPID
US66-3192311
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
$832k
Blend (final)
Blend
$865k
Owner & transaction history
Mafi LLC · 13 yrs held
Mafi LLC
since 2013
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+136.3%
Commercial (general)
$990,000
+107.3%
Restaurant
$945,000
+97.9%
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 Mount Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Vernon 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,125,000
Change: +136% · Conversion: Difficult
COMMERCIAL (GENERAL)
$990,000
Change: +107% · Conversion: Difficult
RESTAURANT
$945,000
Change: +98% · Conversion: Difficult
MEDICAL BUILDING
$850,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$840,000
Change: +76% · Conversion: Moderate
AUTO REPAIR, GARAGE
$780,000
Change: +63% · Conversion: Easy
Blend value · Realmo final
$865k
Range $779k – $952k · ±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
$82 / 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
$11,864
Tax year 2023
Assessed value
$223,170
Assessed 2023
Previous assessed
$223,170
+0.0% YoY
Effective rate
5.32%
On assessed value
Assessed land
$26,470
Assessed improvement
$196,700
Land market value
$75,630
Improvement market value
$561,990
Total market value
$637,620
Applied tax rate
12.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Heating
NONE
Total area
10,500 SF
Lot
1.86 ac (80,934 SF)
APN
12-02190.001
UPID
US66-3192311
Jurisdiction
KNOX
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
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$990,000
RESTAURANT
Est. value
$945,000
MEDICAL BUILDING
Est. value
$850,000
RETAIL STORES
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$780,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
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
2007
Heating
NONE
Lot
1.86 ac
Current owner
From public records · entity-resolved
Mafi LLC
Entity
Mailing address
PO BOX 536, WORTHINGTON, OH 43085-0536
Ownership since
2013
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
Sep 13, 2022
—
Mafi LLC
—
Deed
related
$1,100,000 · Ohio State Bank
Oct 18, 2017
—
Mafi LLC
—
Deed
related
$750,000 · Rick Fisher III
Jan 29, 2013
—
Mafi LLC
Moskowitz James H
Quit Claim Deed
related
—
—
—
Mafi LLC
—
Deed Of Trust
related
$746,000 · Insight Bk
—
—
Mafi LLC
—
Deed Of Trust
related
$750,000 · Rick Fisher III
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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