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    Property profile & analytics

    56 Traction Ave, Unit 68 New Lebanon, OH 45345-1140

    • Garden apartment buildings
    • 2,974 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimation
    $265,000
    Location Intelligence
    Property ID
    US66-1526609
    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

    • Garden apartment buildings

    Property Details for 56 Traction Ave

    Year built
    1964
    Construction
    WOOD
    Lot size
    0.32 lot acres
    Property size
    2,974 SF
    Property type
    Garden apartment buildings
    APN
    L52 00101 0229
    APU
    L52001010229

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Lebanon
    County
    Montgomery
    State
    Ohio
    Longitude
    -84.3873
    Latitude
    39.7472
    CBSA code
    19430
    CBSA name
    DAYTON-KETTERING, OH METROPOLITAN 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
    $3,179
    $5,410
    $32,510
    $37,920
    -
    $15,450
    $92,880
    $108,330

    Comparable in this City

    • Value Estimation
      $120,000
      3,364 SF

      23 Blosser St

      GARDEN APT, COURT APT (5+ UNITS) • 3,364 SF
      23 Blosser St, New Lebanon, OH 45345-1401
      View Details
    • Value Estimation
      $340,000
      10,512 SF

      271 Clayton Rd, Unit 293

      GARDEN APT, COURT APT (5+ UNITS) • 10,512 SF
      271 Clayton Rd, New Lebanon, OH 45345-1605
      View Details
    • Value Estimation
      $220,000
      4,138 SF

      18 Hepner Ave, Unit 30

      GARDEN APT, COURT APT (5+ UNITS) • 4,138 SF
      18 Hepner Ave, New Lebanon, OH 45345-1221
      View Details
    • Value Estimation
      $245,000
      3,333 SF

      48 Gloria Ave, Unit 60

      GARDEN APT, COURT APT (5+ UNITS) • 3,333 SF
      48 Gloria Ave, New Lebanon, OH 45345-1124
      View Details
    • Value Estimation
      $275,000
      3,333 SF

      900 Main St

      GARDEN APT, COURT APT (5+ UNITS) • 3,333 SF
      900 Main St, New Lebanon, OH 45345-9182
      View Details
    • Value Estimation
      $205,000
      5,520 SF

      123 Traction Ave, Unit 133

      GARDEN APT, COURT APT (5+ UNITS) • 5,520 SF
      123 Traction Ave, New Lebanon, OH 45345-1141
      View Details

    Similar Nearby for Sale

    • $245,000
      15.00 Acres

      New Lebanon Land Opportunity

      15 acres for single-family homes near Tom's Creek.
      1111 Bull Rd, New Lebanon, OH 45345
      View Details
    • $1,744,439
      10,566 SF

      New Dollar General PLUS Prototype

      New Dollar General PLUS prototype in New Lebanon, Ohio.
      549 E Main St, New Lebanon, OH 45345
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    • $900,000
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      Versatile Commercial Building in New Lebanon

      Adaptable 17,000 SF building suitable for office, medical, or school.
      101 S Clayton Rd, New Lebanon, OH 45345
      View Details
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    56 Traction Ave, Unit 68
    New Lebanon, OH 45345-1140
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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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