Back to Search
Property profile & analytics
FOR SALE
Retail space
5145 Pleasant Ave Fairfield, OH 45014
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-0709940
For Sale
$1,450,000
5145 Pleasant Ave, Fairfield, OH 45014
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Total area
7,000 SF
Lot
1.69 ac (73,486 SF)
APN
A0700-057.000-032
UPID
US66-0709940
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
$1.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Community Improvement Corp Of Fairf · 2 yrs held
Community Improvement Corp Of Fairf
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+237.8%
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 Fairfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfield 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
$1,450,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,695,000
Change: +238% · Conversion: Easy
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.45M (Jan 12 2024)
Last sale anchor
$1.45M
Jan 12 2024
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
$207 / 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
$13,389
Tax year 2023
Assessed value
$239,150
Assessed 2023
Previous assessed
$202,830
+17.9% YoY
Effective rate
5.60%
On assessed value
Assessed land
$66,410
Assessed improvement
$172,740
Land market value
$189,740
Improvement market value
$493,540
Total market value
$683,280
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1966
Heating
HOT WATER
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
5
Total area
7,000 SF
Lot
1.69 ac (73,486 SF)
APN
A0700-057.000-032
UPID
US66-0709940
Jurisdiction
BUTLER
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
$1.7M
RESTAURANT
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
1966
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
5
Lot
1.69 ac
Current owner
From public records · entity-resolved
Community Improvement Corp Of Fairf
Entity
Mailing address
5350 PLEASANT AVE, FAIRFIELD, OH 45014-3567
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2024
$1,450,000
Community Improvement Corp Of Fairf
Fragohbel LLC
Warranty Deed
—
Apr 1, 2019
$650,000
Fragohbel LLC
Divergent Capital Group LLC
Grant Deed
$878,550 · Sunny Monday LLC
Mar 28, 2019
$575,000
Divergent Capital Group LLC
Fairfield City Square LLC
Grant Deed
—
Sep 4, 2013
$500,000
Fairfield City Square LLC
Feeney Priscilla M Trust
Warranty Deed
$500,000 · Merchants Bank & Trust Co
Jan 18, 2006
—
Feeney Priscilla M Trust
—
Trustees Deed
related
$430,000 · Merchants Bank
Jan 20, 2004
—
Feeney Priscilla M Trust
Feeney,thomas E & Priscilla M
Quit Claim Deed
related
—
—
—
Thomas E Feeney
—
Deed Of Trust
related
$550,000 · Merchant National Bank
—
—
Thomas E Feeney
—
Deed Of Trust
related
$250,000 · Homefed Bank
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?”
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.
