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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Garden apartment buildings
601 Wenger Rd, Englewood, OH 45322-1902
Individually Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1770898
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1970
Construction
FRAME
Total area
8,268 SF
Lot
10.97 ac (477,853 SF)
APN
M57 00507 0001
UPID
US66-1770898
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
-
Carriage House Apartments Apartment Building
-
Celebrations Entertainment Services Theater & Performing Art Venue Music Venue
-
Marilyn Monroe Impersonator - Pamela Jean Theater & Performing Art Venue Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$679k
Blend (final)
Blend
$595k
Owner & transaction history
Dayton Carriage Hse Apartments · 2 yrs held
Dayton Carriage Hse Apartments
since 2024
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$535,000
+23.2%
Office building
$510,000
+16.5%
Retail stores
$500,000
+15.2%
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 Englewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Englewood 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
by Request
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$435,000
Current use
AUTO REPAIR, GARAGE
$535,000
Change: +23% · Conversion: Difficult
OFFICE BUILDING
$510,000
Change: +16% · Conversion: Moderate
RETAIL STORES
$500,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$380,000
Change: -13% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$370,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10%
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
$72 / 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
$109,560
Tax year 2023
Assessed value
$1,226,690
Assessed 2023
Previous assessed
$943,610
+30.0% YoY
Effective rate
8.93%
On assessed value
Assessed land
$316,680
Assessed improvement
$910,010
Land market value
$904,800
Improvement market value
$2,600,040
Total market value
$3,504,840
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1970
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Buildings
10
Stories
2
Units
8
Bathrooms
16
Total area
8,268 SF
Lot
10.97 ac (477,853 SF)
APN
M57 00507 0001
UPID
US66-1770898
Jurisdiction
MONTGOMERY
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) Current
Est. value
$435,000
AUTO REPAIR, GARAGE
Est. value
$535,000
OFFICE BUILDING
Est. value
$510,000
RETAIL STORES
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$380,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$370,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
10
Units
8
Bathrooms
16
Lot
10.97 ac
Current owner
From public records · entity-resolved
Dayton Carriage Hse Apartments
Individual
Mailing address
2550 S TELEGRAPH RD STE #200, BLOOMFIELD HILLS, MI 48302-0952
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Dayton Carriage Hse Apartments
—
Deed Of Trust
related
$2,800,000 · German Am Cap
—
—
Dayton Carriage Apartments LP
—
Deed Of Trust
related
$3,120,000 · Standard Federal Bank
—
—
Dayton Carriage Hse Apartments
—
Deed Of Trust
related
$3,800,000 · Lasalle National 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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