Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Apartment buildings
5716 Phillips Ave Sylvania, OH 43560-6900
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-0145314
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Total area
5,580 SF
Lot
0.15 ac (6,519 SF)
Zoning code
31-R3
APN
82-06077
UPID
US66-0145314
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Technological Services LLC · 3 yrs held
Technological Services LLC
since 2023
Last sale
$520,000
6 recorded transactions
Zoning & alternative use
31-R3 · Sylvania, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$805,000
+258.1%
Medical building
$565,000
+152.0%
Neighborhood: shopping center
$450,000
+101.8%
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 Sylvania submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sylvania 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
$585,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$560,000
Alternative Use
Use
Estimation
RESTAURANT
$805,000
Change: +258% · Conversion: Difficult
MEDICAL BUILDING
$565,000
Change: +152% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$450,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$410,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$395,000
Change: +76% · Conversion: Difficult
COMMERCIAL (GENERAL)
$360,000
Change: +61% · Conversion: Moderate
OFFICE BUILDING
$360,000
Change: +60% · Conversion: Moderate
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $520k (Jun 12 2023)
Last sale anchor
$520k
Jun 12 2023
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
$105 / 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
$6,216
Tax year 2023
Assessed value
$63,000
Assessed 2023
Previous assessed
$63,000
+0.0% YoY
Effective rate
9.87%
On assessed value
Assessed land
$1,960
Assessed improvement
$61,040
Land market value
$5,600
Improvement market value
$174,400
Total market value
$180,000
Applied tax rate
82.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1970
Heating
NONE
Stories
2
Units
4
Total area
5,580 SF
Lot
0.15 ac (6,519 SF)
Zoning code
31-R3
APN
82-06077
UPID
US66-0145314
Jurisdiction
LUCAS
Zoning & alternative use
31-R3 · Sylvania, OHZoning 31-R3 · permitted uses
31-R3 · Sylvania, OH
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
$805,000
MEDICAL BUILDING
Est. value
$565,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$450,000
AUTO REPAIR, GARAGE
Est. value
$410,000
RETAIL STORES
Est. value
$395,000
COMMERCIAL (GENERAL)
Est. value
$360,000
OFFICE BUILDING
Est. value
$360,000
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
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
1970
Heating
NONE
Stories
2
Units
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
Technological Services LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1715 INDIAN WOOD CIR STE #200, MAUMEE, OH 43537-4055
Ownership since
2023
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
Feb 25, 2026
—
Wilson & Reed Mgmt & Technological
—
Deed
related
$262,500 · Commercial Lender LLC
Jun 7, 2024
—
Wilson & Reed Mgmt & Technological
—
Deed
related
$26,250 · The State Bank & Trust Co
Jun 12, 2023
$520,000
Technological Services LLC
Streetwise Investments LLC
Warranty Deed
—
Nov 7, 2014
—
Streetwise Investments LLC
Stansley,jeffrey J
Quit Claim Deed
related
—
Mar 31, 2014
—
Jeffrey J Stansley
Streetwise Investments LLC
Quit Claim Deed
related
$123,730 · The Huntington National Bank
Apr 21, 2011
—
Streetwise Investments LLC
Stansley,richard B JR
Warranty Deed
—
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 5716 Phillips Ave?
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.
