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Property profile & analytics
OFF-MARKET
Estimated value
$2,510,000
Apartment buildings
5351 Mitchaw Rd, Sylvania, OH 43560-9406
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-5204964
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2017
Total area
43,755 SF
Lot
9.03 ac (393,303 SF)
Zoning code
20-A3
APN
78-01533
UPID
US66-5204964
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
-
The Villas at Sylvania Retirement Community
-
The Lakes of Sylvania Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.68M
Blend (final)
Blend
$2.51M
Owner & transaction history
Trilogy Heathcare Of Syhlvania LLC · 5 yrs held
Trilogy Heathcare Of Syhlvania LLC
since 2021
4 recorded transactions
Zoning & alternative use
20-A3 · Sylvania, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.6M
+101.8%
Auto repair, garage
$3.2M
+82.3%
Retail stores
$3.1M
+76.0%
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 Sylvania submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sylvania 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
APARTMENT HOUSE (5+ UNITS)
$1,760,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,550,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,205,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$3,095,000
Change: +76% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,825,000
Change: +61% · Conversion: Moderate
OFFICE BUILDING
$2,805,000
Change: +60% · Conversion: Moderate
Blend value · Realmo final
$2.51M
Range $2.26M – $2.76M · ±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
$57 / 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
$222,310
Tax year 2023
Assessed value
$2,152,220
Assessed 2023
Previous assessed
$2,152,220
+0.0% YoY
Effective rate
10.33%
On assessed value
Assessed land
$328,090
Assessed improvement
$1,824,130
Land market value
$937,400
Improvement market value
$5,211,800
Total market value
$6,149,200
Applied tax rate
78.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2017
Heating
NONE
Stories
1
Units
2
Total area
43,755 SF
Lot
9.03 ac (393,303 SF)
Zoning code
20-A3
APN
78-01533
UPID
US66-5204964
Jurisdiction
LUCAS
Zoning & alternative use
20-A3 · Sylvania, OH
Zoning 20-A3 · permitted uses
20-A3 · Sylvania, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sylvania. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2017
Heating
NONE
Stories
1
Units
2
Lot
9.03 ac
Current owner
From public records · entity-resolved
Trilogy Heathcare Of Syhlvania LLC
Entity
Mailing address
9200 SHELBYVILLE RD STE #310, LOUISVILLE, KY 40222-5135
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Feb 9, 2021
—
Trilogy Heathcare Of Syhlvania LLC
Trilogy Real Estate Sylvania II LLC
Lease
$78,587,451 · Merchants Bank
Jan 10, 2017
—
Sylvania Health Partners LLC
—
Deed
related
$4,343,567 · The Union Bk Co
—
—
Sylvania Health Partners LLC
—
Loan Modification
related
$10,493,927 · The Union Bk Co
—
—
Sylvania Health Partners LLC
—
Deed Of Trust
related
$4,343,567 · The Union Bk Co
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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