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    Property profile & analytics

    556 Main St Wellsville, OH 43968-1654

    • Retail space
    • 2,400 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    $855,000
    Last Sale
    Apr 07, 2022
    $961,434
    Location Intelligence
    Property ID
    US66-2491450
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pizza Hut / Chicken Wings Restaurant / Pizza Restaurant

    Property Details for 556 Main St

    Year built
    1979
    Lot size
    0.28 lot acres
    Property size
    2,400 SF
    Property type
    Retail space
    APN
    84-02775-000
    APU
    8402775000

    Description

    This exceptional investment opportunity features a 2,266 square foot Pizza Hut located at 556 Main St, Wellsville, OH 43968. The property sits on a 0.28-acre lot and is subject to a 20-year absolute triple-net (NNN) lease, commencing February 22, 2022, and expiring February 28, 2042, with a remaining term of 17.3 years. The current annual rent is $65,000, representing a 6.00% capitalization rate. The lease includes six, five-year renewal options, extending the potential lease term to 50 years. Annual rent increases of 1.75% are scheduled to begin in year seven and continue through the renewal periods. The property boasts 100% occupancy and offers a strong, long-term investment with a guaranteed franchisee, SFR XI Holdings, LLC, operating approximately 120+ units. This is a rare opportunity to acquire a well-established, passively managed, income-producing asset in a stable market. The property is currently operating at full occupancy, providing immediate cash flow and significant long-term growth potential. This is an ideal addition to any diversified real estate portfolio.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $850,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,005,000
      6.5%
      $910,000
      7%
      $1,020,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $895,000
      Geo Method
      $885,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $895,000
      Retail
      $795,000
      Mixed-Use
      $765,000
      Hospitality
      $950,000
      Educational
      $805,000
      Residential Income
      $740,000
      Energy
      $780,000
      Income-Based Land
      $875,000
      Food Service
      $890,000

    Location Insight

    • Map
    • Local Demand
    City
    Wellsville
    County
    Columbiana
    State
    Ohio
    Longitude
    -80.6446
    Latitude
    40.6067
    CBSA code
    41400
    CBSA name
    SALEM, OH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,912
    $3,990
    $45,400
    $49,390
    -
    $11,400
    $129,700
    $141,100

    Comparable in this City

    • Value Estimation by Request
      7,200 SF

      460 Main St

      RETAIL STORES (PERSONAL SERVICES) • 7,200 SF
      460 Main St, Wellsville, OH 43968-1684
      View Details
    • Value Estimation by Request
      3,532 SF

      17th St

      RETAIL STORES (PERSONAL SERVICES) • 3,532 SF
      17th St, Wellsville, OH 43968
      View Details
    • Value Estimation
      $115,000
      3,780 SF

      241 Wls Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,780 SF
      241 Wls Ave, Wellsville, OH 43968-1752
      View Details
    • Value Estimation
      $1,690,000
      8,174 SF

      220 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 8,174 SF
      220 3rd St, Wellsville, OH 43968-1660
      View Details
    • Value Estimation
      $90,000
      6,504 SF

      409 Broadway Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,504 SF
      409 Broadway Ave, Wellsville, OH 43968-1652
      View Details
    • Value Estimation by Request
      2,552 SF

      443 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,552 SF
      443 Main St, Wellsville, OH 43968-1685
      View Details

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    Wellsville, OH 43968-1654
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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