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Property profile & analytics
FOR LEASE
Manufacturing properties
6270 Van Buren Rd, Clinton, OH 44216
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-0223535
For Lease
1 / 3
$7 SF/Yr
6270 Van Buren Rd, Clinton, OH 44216
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1997
Total area
62,000 SF
Lot
7.93 ac (345,561 SF)
APN
24-00824
UPID
US66-0223535
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
$3.20M
CAP Approach
CAP
$3.78M
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$3.32M
Owner & transaction history
Floren Real Estate Management LLC · 3 yrs held
Floren Real Estate Management LLC
since 2022
Last sale
$3.4M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.8M
+115.5%
Commercial (general)
$4.6M
+105.8%
Apartment house (5+ units)
$3.8M
+70.1%
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 Clinton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clinton 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
$2,790,000
ML approach
$3,200,000
CAP Approach
CAP Return
Estimation
6%
$4,095,000
6.5%
$3,780,000
7%
$3,510,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,235,000
Current use
OFFICE BUILDING
$4,815,000
Change: +115% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,595,000
Change: +106% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,800,000
Change: +70% · Conversion: Difficult
Blend value · Realmo final
$3.32M
Range $2.98M – $3.65M · ±10% · vs last sale $3.40M (Nov 29 2022)
Last sale anchor
$3.40M
Nov 29 2022
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
$53 / 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
$28,580
Tax year 2023
Assessed value
$531,070
Assessed 2023
Previous assessed
$531,070
+0.0% YoY
Effective rate
5.38%
On assessed value
Assessed land
$98,310
Assessed improvement
$432,760
Land market value
$280,890
Improvement market value
$1,236,450
Total market value
$1,517,340
Applied tax rate
24.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1997
Heating
FORCED AIR
Units
1
Total area
62,000 SF
Lot
7.93 ac (345,561 SF)
APN
24-00824
UPID
US66-0223535
Jurisdiction
SUMMIT
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.2M
OFFICE BUILDING
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1997
Heating
FORCED AIR
Units
1
Lot
7.93 ac
Current owner
From public records · entity-resolved
Floren Real Estate Management LLC
Entity
Mailing address
6270 VAN BUREN RD, NEW FRANKLIN, OH 44216-9743
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2022
$3,400,000
Floren Real Estate Management LLC
Clinton Machine Co INC
Limited Warranty Deed
$7,115,000 · The Farmers National Bank Of Canfie
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
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