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Property profile & analytics
FOR SALE
Office Spaces
535 W Pike St, Morrow, OH 45152
Individually Owned
Free & Clear
Property ID
US66-2451402
For Sale
1 / 4
$505,000
535 W Pike St, Morrow, OH 45152
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Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1979
Construction
BRICK
Total area
2,250 SF
Lot
8.23 ac (358,673 SF)
APN
13-13-478-007-0
UPID
US66-2451402
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
-
Mendez Group Law Firm
-
Salem Township Public Library Public Library
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
$435k
Comparable Approach
Comparable
$503k
Blend (final)
Blend
$505k
Owner & transaction history
Salem Township Public Library
Salem Township Public Library
since 2026
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$545,000
+60.5%
Office building
$390,000
+14.5%
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 Morrow submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrow 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
$520,000
CAP Approach
CAP Return
Estimation
6%
$475,000
6.5%
$435,000
7%
$405,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$340,000
Current use
AUTO REPAIR, GARAGE
$545,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$390,000
Change: +15% · Conversion: Easy
RETAIL STORES
$325,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$224 / 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
$42,207
Tax year 2023
Assessed value
$621,019
Assessed 2023
Previous assessed
$621,019
+0.0% YoY
Effective rate
6.80%
On assessed value
Assessed land
$172,914
Assessed improvement
$448,105
Land market value
$494,040
Improvement market value
$1,280,300
Total market value
$1,774,340
Applied tax rate
50.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1979
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Buildings
4
Stories
1
Bathrooms
4
Total area
2,250 SF
Lot
8.23 ac (358,673 SF)
APN
13-13-478-007-0
UPID
US66-2451402
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
$340,000
AUTO REPAIR, GARAGE
Est. value
$545,000
OFFICE BUILDING
Est. value
$390,000
RETAIL STORES
Est. value
$325,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1979
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Bathrooms
4
Lot
8.23 ac
Current owner
From public records · entity-resolved
Salem Township Public Library
Individual
Free & Clear · 0 yrs held
Mailing address
150 E PIKE ST, MORROW, OH 45152-1216
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2026
—
Salem Township Public Library
Morrow Plaza Investments LLC
Deed
—
Mar 6, 2025
—
Morrow Plaza Investments LLC
The Village Of Morrow
Deed
$617,096 · Village Of Morrow
Nov 23, 2022
—
Village Of Morrow Ohio
Morrow Plaza LLC
Intrafamily Transfer
related
—
Aug 8, 2005
$2,300,000
Morrow Plaza LLC
Edward D Becker Ents INC
Warranty Deed
$1,725,000 · Standard Insurance Co
Aug 8, 2005
—
Morrow Plaza LLC
Edward D Becker Ents INC
Grant Deed
related
—
—
—
Edward D Becker Ents INC
—
Deed Of Trust
related
$1,100,000 · Fifth Third 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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