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Property profile & analytics
OFF-MARKET
Estimated value
$3,750,000
Investment properties
59 Lincoln E Way Massillon, OH 44646-6642
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1171019
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
FRAME
Total area
76,035 SF
Lot
0.21 ac (9,239 SF)
APN
06-00358
UPID
US66-1171019
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
-
Massilon Center Apartments Apartment Complex
-
59 Duncan Place Apartments Apartment Building
-
Simon Says Promotions Textile Manufacturer Factory
-
Ideal Department Store Building (Snyder-Hess Building) Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.75M
CAP Approach
CAP
$3.92M
Comparable Approach
Comparable
$4.48M
Blend (final)
Blend
$3.75M
Owner & transaction history
59 Lincoln Way LLC · 2 yrs held
59 Lincoln Way LLC
since 2024
Last sale
$3.8M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Massillon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Massillon 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
$3,750,000
ML approach
$3,750,000
CAP Approach
CAP Return
Estimation
6%
$4,240,000
6.5%
$3,915,000
7%
$3,635,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,965,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$3.75M
Range $3.38M – $4.13M · ±10% · vs last sale $3.75M (May 21 2024)
Last sale anchor
$3.75M
May 21 2024
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
$49 / 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
$40,594
Tax year 2023
Assessed value
$678,310
Assessed 2023
Previous assessed
$678,310
+0.0% YoY
Effective rate
5.98%
On assessed value
Assessed land
$23,420
Assessed improvement
$654,890
Land market value
$66,900
Improvement market value
$1,871,100
Total market value
$1,938,000
Applied tax rate
50.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
YES
Cooling
NONE
Stories
8
Units
1
Bathrooms
70
Total area
76,035 SF
Lot
0.21 ac (9,239 SF)
APN
06-00358
UPID
US66-1171019
Jurisdiction
STARK
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
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
1920
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
8
Units
1
Bathrooms
70
Lot
0.21 ac
Current owner
From public records · entity-resolved
59 Lincoln Way LLC
Entity
Mailing address
26600 DETROIT RD STE #250, WESTLAKE, OH 44145-2397
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2024
$3,750,000
59 Lincoln Way LLC
Massillon Apartment Investors LLC
Warranty Deed
$3,000,000 · First National Bank Of Pennsylvania
Nov 30, 2021
$1,938,100
Massillon Apartment Investors LLC
Massilon Center LLC
Limited Warranty Deed
$1,557,500 · Ks Statebank
Jan 2, 2018
$1,775,000
Massilon Center LLC
Lal & Sons LLC
Warranty Deed
$4,747,500 · The Cortland Savings & Banking Co
Mar 14, 2017
$1,250,000
Lal & Sons LLC
Massillon Senior Apartments LP
Fiduciary Deed
$1,125,000 · The Citizens Savings Bank
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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