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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Retail properties & Spaces
5510 Courseview Dr, Mason, OH 45040-2366
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-0161346
Property summary
AI-generated overview
This exceptional 71,975-square-foot warehouse, located at 5510 Courseview Drive in Mason, Ohio (zip code 45040), presents a significant opportunity for businesses seeking ample space and strategic location. Built in 1990, the property sits on a generous 7.84-acre lot and is zoned HT-1: High Tech Light Industrial District (APN: 1624480002). The warehouse boasts a single tenancy, offering complete control and flexibility to the lessee. The building features impressive 13' to 15' ceiling heights, providing ample vertical storage capacity. Loading and unloading are facilitated by four dock-high doors and one drive-in door. Ample parking is available with 130 striped spaces. The property is equipped with robust power capabilities, including 480/277V, 3-phase power with a 7,200-amp service. The entire 71,975 square feet is currently vacant and ready for immediate occupancy. This property is ideally suited for a variety of industrial and commercial uses, offering a combination of size, functionality, and location within the thriving Mason, Ohio market. The property is located in Warren County.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1990
Construction
BRICK
Total area
7,108 SF
Lot
7.84 ac (341,510 SF)
APN
16-24-480-002-0
UPID
US66-0161346
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
-
Spear, Inc (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.31M
Owner & transaction history
City Of Mason · 1 yrs held
City Of Mason
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.9M
+115.7%
Auto repair, garage
$1.7M
+92.0%
Industrial (general)
$1.4M
+57.8%
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$895,000
Current use
RETAIL STORES
$1,935,000
Change: +116% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,720,000
Change: +92% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,415,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,240,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$1,220,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$184 / 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
$73,315
Tax year 2023
Assessed value
$1,075,935
Assessed 2023
Previous assessed
$1,075,935
+0.0% YoY
Effective rate
6.81%
On assessed value
Assessed land
$384,160
Assessed improvement
$691,775
Land market value
$1,097,600
Improvement market value
$1,976,500
Total market value
$3,074,100
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1990
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Total area
7,108 SF
Lot
7.84 ac (341,510 SF)
APN
16-24-480-002-0
UPID
US66-0161346
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$895,000
RETAIL STORES
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1990
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
7.84 ac
Current owner
From public records · entity-resolved
City Of Mason
Entity
Free & Clear · 1 yrs held
Mailing address
5510 COURSEVIEW DR, MASON, OH 45040-2366
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2025
—
City Of Mason
Drm Purchaser LLC
Deed
—
Mar 31, 2025
—
Douglas B Jahns
Stephanie D Mcbride
Deed
related
—
Mar 28, 2025
—
Marcy Ann Spear
Rm Purchaser LLC
Deed
—
Feb 3, 2025
—
Marcy A Spear
Blm Purchaser LLC
Deed
—
Dec 22, 2010
—
Jahns Vicki A Trust
Jahns,vicki A G
Quit Claim Deed
related
—
Jan 20, 2006
$1,708,229
Daniel H Jahns
Spear,richard
Warranty Deed
—
Jan 20, 2006
—
Richard Spear
Spear Realty LLC
Quit Claim Deed
—
—
—
Spear Realty LLC
—
Deed Of Trust
related
$640,000 · Bank One NA
—
—
Spear Realty LLC
—
Deed Of Trust
related
$2,000,000 · Governor & Co Bank Of Scotland
—
—
Spear Realty LLC
—
Deed Of Trust
related
$3,000,000 · Governor & Co Bank Scotland
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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