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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Individual retail properties
642 Main St Wellington, OH 44090-1399
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US66-0090819
Property profile
Verified
Property type
Individual retail properties
Use group
APPLIANCE STORE
Year built
2005
Total area
9,012 SF
Lot
1.2 ac (52,272 SF)
APN
18-00-026-101-247
UPID
US66-0090819
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$922k
Blend (final)
Blend
$845k
Owner & transaction history
Dg Wellington Oh LLC · 11 yrs held
Dg Wellington Oh LLC
since 2015
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.3M
+85.8%
Office building
$870,000
+28.7%
Medical building
$840,000
+24.0%
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 Wellington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellington 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$675,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,260,000
Change: +86% · Conversion: Difficult
OFFICE BUILDING
$870,000
Change: +29% · Conversion: Easy
MEDICAL BUILDING
$840,000
Change: +24% · Conversion: Difficult
AUTO REPAIR, GARAGE
$740,000
Change: +10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$740,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$735,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$94 / 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
$13,742
Tax year 2023
Assessed value
$251,416
Assessed 2023
Previous assessed
$251,410
+0.0% YoY
Effective rate
5.47%
On assessed value
Assessed land
$30,044
Assessed improvement
$221,372
Land market value
$85,840
Improvement market value
$632,490
Total market value
$718,330
Applied tax rate
67.0000
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
Individual retail properties
Use group
APPLIANCE STORE
Status
Off-Market
Year built
2005
Heating
YES
Stories
1
Units
1
Total area
9,012 SF
Lot
1.2 ac (52,272 SF)
APN
18-00-026-101-247
UPID
US66-0090819
Jurisdiction
LORAIN
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
RETAIL STORES Current
Est. value
$675,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$870,000
MEDICAL BUILDING
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$740,000
WAREHOUSE, STORAGE
Est. value
$735,000
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2005
Heating
YES
Stories
1
Units
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Dg Wellington Oh LLC
Entity
Mailing address
29231 WELLINGTON ST, FARMINGTON HILLS, MI 48334-4160
Ownership since
2015
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
Dec 26, 2019
—
Dg Wellington Oh LLC
—
Deed
related
$473,371 · Wells Fargo Bank NA
Jun 23, 2015
$770,000
Dg Wellington Oh LLC
Cornerstone Wellington LLC
Limited Warranty Deed
$577,500 · Talmer Bank And Trust
Jan 4, 2006
—
Cornerstone Wellington LLC
Cornerstone Dg LLC
Quit Claim Deed
—
May 3, 2005
$150,000
Cornerstone D G LLC
Hodgson,blair B & Carol A
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.
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