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    Property profile & analytics

    612 Rombach Ave Wilmington, OH 45177

    • Banks
    • 2,738 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3906002
    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

    • Banks

    Property Details for 612 Rombach Ave

    Year built
    1975
    Lot size
    0.37 lot acres
    Property size
    2,738 SF
    Property type
    Banks
    APN
    290-19-01-01-B001-00
    APU
    290190101B00100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Clinton
    State
    Ohio
    Longitude
    -83.8175
    Latitude
    39.446
    CBSA code
    48940
    CBSA name
    WILMINGTON, OH MICROPOLITAN 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
    $3,895
    $22,580
    $70,840
    $93,420
    -
    $64,500
    $202,400
    $266,900

    Comparable in this City

    • Value Estimation by Request
      8,098 SF

      184 Ns St

      FINANCIAL BUILDING • 8,098 SF
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    • Value Estimation
      $260,000
      2,560 SF

      1584 Rombach Ave

      FINANCIAL BUILDING • 2,560 SF
      1584 Rombach Ave, Wilmington, OH 45177-2080
      View Details
    • Value Estimation
      $240,000
      3,650 SF

      2829 Rombach Ave

      FINANCIAL BUILDING • 3,650 SF
      2829 Rombach Ave, Wilmington, OH 45177
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    • Value Estimation
      $230,000
      1,496 SF

      1288 Wayne Rd

      FINANCIAL BUILDING • 1,496 SF
      1288 Wayne Rd, Wilmington, OH 45177-1137
      View Details
    • Value Estimation
      $745,000
      41,232 SF

      48 Ns St

      FINANCIAL BUILDING • 41,232 SF
      48 Ns St, Wilmington, OH 45177-2212
      View Details
    • Value Estimation
      $215,000
      4,200 SF

      161 Carrie Dr

      FINANCIAL BUILDING • 4,200 SF
      161 Carrie Dr, Wilmington, OH 45177-1994
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20.00 Acres

      Prime 20-Acre Commercial Land

      Wilmington, OH: Hwy 3 & US 22 frontage
      0 Rombach Ave, Wilmington, OH 45177
      View Details
    • Contact for pricing
      7,551 SF

      Retail Property on Progress Way

      Retail property with high visibility and signage opportunities.
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    • New
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      Wilmington Commercial Property on Corner

      High-visibility corner commercial property suitable for retail or service businesses.
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    • $868,575
      8,000 SF

      Wilmington, OH Family Dollar Store

      NNN Family Dollar store with 5+ years remaining.
      303 E Main St, Wilmington, OH 45177
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    • Contact for pricing
      3,033 SF

      Former Restaurant on High-Traffic Corner

      Freestanding 3,033 SF restaurant with drive-thru on 1.2 acres.
      50 Roberts Rd, Wilmington, OH 45177
      View Details
    • Contact for pricing
      20.00 Acres

      Wilmington, OH Industrial Land

      20-Acre Development Opportunity near major highways.
      22 S, Wilmington, OH 45177
      View Details

    Similar Nearby for Lease

    • $1,000,000
      13,136 SF

      Retail Building in Wilmington, OH

      13,136 SF retail building on 1.7 acres for lease.
      7589 W State Route 73, Wilmington, OH 45177
      View Details
    • $2,995,000
      1,600 SF

      Retail Space in Wilmington, OH

      Retail property available for rent in Wilmington, Ohio.
      935-1025 S South St S, Wilmington, OH 45177
      View Details
    • Contact for pricing

      Wilmington Plaza Retail Space Available

      Community center with retail space for lease in Wilmington, OH.
      1244 Rombach Ave, Wilmington, OH 45177
      View Details
    • Contact for pricing
      4,600 SF

      Renovated Retail Space For Lease

      Retail space available in recently renovated Wilmington shopping center.
      1627-1683 Rombach Ave, Wilmington, OH 45177
      View Details
    • Contact for pricing
      5,492 SF

      Former Restaurant Building on Rombach

      5,492 SF building on 1.80 acres for lease.
      1341 Rombach Ave, Wilmington, OH 45177
      View Details
    • $18 SF/Yr
      10,700 SF

      Wilmington Square II Retail Center

      Prime Retail Space Available in Clinton County
      2855 Progress Way, Wilmington, OH 45177
      View Details
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    612 Rombach Ave
    Wilmington, OH 45177
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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