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Property profile & analytics
OFF-MARKET
Estimated value
$24,275,000
Warehouses
5569 Innovation Dr, Valley City, OH 44280-9369
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-1725978
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1986
Total area
167,946 SF
Lot
33.22 ac (1,447,063 SF)
APN
025-01B-32-026
UPID
US66-1725978
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
-
TWB Company, LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.29M
Comparable Approach
Comparable
$24.02M
Blend (final)
Blend
$24.28M
Owner & transaction history
Spirit Master Funding X LLC · 5 yrs held
Spirit Master Funding X LLC
since 2021
Last sale
$25.9M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$32.9M
+131.5%
Medical building
$28.1M
+97.6%
Commercial (general)
$20.1M
+41.4%
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 Valley City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valley City 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
$20,185,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$27,390,000
6.5%
$25,285,000
7%
$23,480,000
Alternative Use
Use
Estimation
RESTAURANT
$32,940,000
Change: +131% · Conversion: Difficult
MEDICAL BUILDING
$28,125,000
Change: +98% · Conversion: Difficult
COMMERCIAL (GENERAL)
$20,120,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$20,105,000
Change: +41% · Conversion: Easy
OFFICE BUILDING
$18,015,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$17,510,000
Change: +23% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$14,690,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$24.28M
Range $21.85M – $26.70M · ±10% · vs last sale $25.94M (Feb 4 2021)
Last sale anchor
$25.94M
Feb 4 2021
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
$145 / 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
$281,327
Tax year 2023
Assessed value
$6,100,320
Assessed 2023
Previous assessed
$6,100,320
+0.0% YoY
Effective rate
4.61%
On assessed value
Assessed land
$591,890
Assessed improvement
$5,508,430
Land market value
$1,691,100
Improvement market value
$15,738,370
Total market value
$17,429,470
Applied tax rate
25.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Total area
167,946 SF
Lot
33.22 ac (1,447,063 SF)
APN
025-01B-32-026
UPID
US66-1725978
Jurisdiction
MEDINA
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
RESTAURANT
Est. value
$32.9M
MEDICAL BUILDING
Est. value
$28.1M
COMMERCIAL (GENERAL)
Est. value
$20.1M
AUTO REPAIR, GARAGE
Est. value
$20.1M
OFFICE BUILDING
Est. value
$18.0M
RETAIL STORES
Est. value
$17.5M
INDUSTRIAL (GENERAL)
Est. value
$14.7M
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1986
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
33.22 ac
Current owner
From public records · entity-resolved
Spirit Master Funding X LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2727 N HARWOOD ST STE #300, DALLAS, TX 75201-2407
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2021
$25,939,300
Spirit Master Funding X LLC
Grouper Real Estate Acquisition Co
Limited Warranty Deed
—
Dec 10, 2020
$39,123
Grouper Real Estate Acquisitio
Medina Blanking INC
Grant Deed
—
Dec 22, 2017
—
Medina Blanking INC
—
Loan Modification
related
$500,000,000 · Bank Of America
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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