Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Commercial real estate
5411 Black Rd Waterville, OH 43566-9738
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-1573155
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1973
Total area
5,102 SF
Lot
4 ac (174,240 SF)
Zoning code
17-AR
APN
38-13191
UPID
US66-1573155
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
-
Karnik Memorial Garden - Pet Cremation Cremation Service
-
Karnik On Black - Dog Daycare, Boarding & Grooming Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$677k
Blend (final)
Blend
$705k
Owner & transaction history
5411 Black Road LLC · 9 yrs held
5411 Black Road LLC
since 2016
6 recorded transactions
Zoning & alternative use
17-AR · Waterville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$735,000
+122.9%
Medical building
$515,000
+56.8%
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 Waterville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterville 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%
$730,000
6.5%
$675,000
7%
$625,000
Alternative Use
Use
Estimation
RESTAURANT
$735,000
Change: +123% · Conversion: Difficult
MEDICAL BUILDING
$515,000
Change: +57% · Conversion: Easy
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$138 / 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
$4,284
Tax year 2023
Assessed value
$51,730
Assessed 2023
Previous assessed
$51,730
+0.0% YoY
Effective rate
8.28%
On assessed value
Assessed land
$33,705
Assessed improvement
$18,025
Land market value
$96,300
Improvement market value
$51,500
Total market value
$147,800
Applied tax rate
38.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1973
Heating
NONE
Stories
1
Total area
5,102 SF
Lot
4 ac (174,240 SF)
Zoning code
17-AR
APN
38-13191
UPID
US66-1573155
Jurisdiction
LUCAS
Zoning & alternative use
17-AR · Waterville, OH
Zoning 17-AR · permitted uses
17-AR · Waterville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waterville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$735,000
MEDICAL BUILDING
Est. value
$515,000
RESTAURANT
MEDICAL 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
1973
Heating
NONE
Stories
1
Lot
4 ac
Current owner
From public records · entity-resolved
5411 Black Road LLC
Entity
Mailing address
5411 BLACK RD, WATERVILLE, OH 43566-9738
Ownership since
2016
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
Oct 6, 2020
—
5411 Black Road LLC
—
Deed
related
$1,034,992 · Farmers & Merchants St Bk
Sep 29, 2020
—
5411 Black Road LLC
—
Deed
related
—
Nov 6, 2018
—
5411 Black Road LLC
—
Deed
related
$1,127,250 · The Farmers & Merchants State Bank
Sep 20, 2016
$204,500
5411 Black Road LLC
Bauman,raymond J
Warranty Deed
$207,000 · First Fed'l Bk/the Midwest
—
—
Raymond J Bauman
—
Deed Of Trust
related
$1,530,000 · First Federal Bank Midwest
—
—
5411 Black Road LLC
—
Deed Of Trust
related
$1,034,992 · Farmers & Merchants St Bk
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?”
You own 5411 Black Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
