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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Office Spaces
5248 Courseview Dr, Mason, OH 45040-2302
Entity Owned
~
Est. High Equity
Property ID
US66-2607824
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1989
Construction
CONCRETE
Total area
2,613 SF
Lot
0.77 ac (33,585 SF)
APN
16-18-305-003-0
UPID
US66-2607824
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
-
American Family Chiropractic - about-us Alternative Medicine Practice
-
ATM Atm
-
Brent Spille Alternative Medicine Practice
-
American Family Chiropractic Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$510k
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$640k
Owner & transaction history
Spille Land Holding LLC
Spille Land Holding LLC
since 2025
Last sale
$760,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$710,000
+56.3%
Auto repair, garage
$635,000
+39.1%
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 Mason submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mason 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%
$550,000
6.5%
$510,000
7%
$470,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$455,000
Current use
RETAIL STORES
$710,000
Change: +56% · Conversion: Easy
AUTO REPAIR, GARAGE
$635,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$450,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $760k (Jun 19 2025)
Last sale anchor
$760k
Jun 19 2025
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
$245 / 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
$11,477
Tax year 2023
Assessed value
$168,431
Assessed 2023
Previous assessed
$168,431
+0.0% YoY
Effective rate
6.81%
On assessed value
Assessed land
$95,211
Assessed improvement
$73,220
Land market value
$272,030
Improvement market value
$209,200
Total market value
$481,230
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1989
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
2,613 SF
Lot
0.77 ac (33,585 SF)
APN
16-18-305-003-0
UPID
US66-2607824
Jurisdiction
WARREN
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
COMMERCIAL (GENERAL) Current
Est. value
$455,000
RETAIL STORES
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$635,000
OFFICE BUILDING
Est. value
$450,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1989
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Spille Land Holding LLC
Entity
Mailing address
4860 RIVERWALK DR, KINGS MILLS, OH 45034-9724
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
$760,000
Spille Land Holding LLC
Hakes Land Holding Company LLC
Deed
$614,557 · Peoples Bank
Feb 26, 2025
—
Hakes Land Holdings Company LLC
—
Deed
related
$150,000 · Peoples Bank
Mar 21, 2011
$350,000
Hakes Land Holding Co LLC
National Bk&tr
Warranty Deed
$260,000 · Fifth Third Bank
—
—
Hakes Land Holding Co LLC
—
Deed Of Trust
related
$214,000 · Access Business Dev & Finance
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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