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Property profile & analytics
FOR SALE
Office Spaces
650 S Prospect Ave Hartville, OH 44632
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US66-0452992
For Sale
Contact for pricing
650 S Prospect Ave, Hartville, OH 44632
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1976
Construction
FRAME
Total area
47,673 SF
Lot
6.05 ac (263,538 SF)
APN
23-01289
UPID
US66-0452992
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
-
Berndt & Associates, Inc. Financial Advisor
-
Edward Jones - Financial Advisor: Patrick Helderman, CEPA®|AAMS™ Financial Advisor
-
Strawn Chiropractic Alternative Medicine Practice
-
NeoFill Prints Printing Service (Bike/Boat/Book/etc) Store
-
Village Commons Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.46M
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$2.00M
Owner & transaction history
H & H Bldrs & Developers Ltd · 21 yrs held
H & H Bldrs & Developers Ltd
since 2005
7 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 Hartville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hartville 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%
$2,660,000
6.5%
$2,455,000
7%
$2,280,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,660,000
Current use
WAREHOUSE, STORAGE
$2,520,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±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
$42 / 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
$29,694
Tax year 2023
Assessed value
$489,480
Assessed 2023
Previous assessed
$489,480
+0.0% YoY
Effective rate
6.07%
On assessed value
Assessed land
$64,440
Assessed improvement
$425,040
Land market value
$184,100
Improvement market value
$1,214,400
Total market value
$1,398,500
Applied tax rate
200.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1976
Construction
FRAME
Heating
YES
Cooling
NONE
Stories
1
Units
1
Bathrooms
16
Total area
47,673 SF
Lot
6.05 ac (263,538 SF)
APN
23-01289
UPID
US66-0452992
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
COMMERCIAL (GENERAL) Current
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
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
1976
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
16
Lot
6.05 ac
Current owner
From public records · entity-resolved
H & H Bldrs & Developers Ltd
Individual
Mailing address
650 S PROSPECT AVE, HARTVILLE, OH 44632-8904
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2023
—
Jimmic Management Properties LLC
—
Deed
related
$125,000 · First Commonwealth Bank
Aug 2, 2022
—
Jimmie Management Properties LLC
—
Deed
related
$590,000 · First Commonwealth Bank
Dec 4, 2019
—
Jimmic Mgmt Prop LLC
—
Deed
related
$250,000 · Phillip H Maynard
May 6, 2005
$344,500
H & H Bldrs & Developers Ltd
Loeffler,audrey H
Warranty Deed
$258,375 · Firstmerit Bk
—
—
H & H Builders & Developers Ltd
—
Deed Of Trust
related
$100,000 · Harville Hardware
—
—
Jimmic Mgmt Prop LLC
—
Deed Of Trust
related
$250,000 · Phillip H Maynard
—
—
H H Builders
—
Deed Of Trust
related
$500,000 · Unizan Bank NA
—
—
Jimmic Mgmt Properties LLC
—
Deed Of Trust
related
$1,356,000 · Pnc Bank
—
—
H & H Builders & Developers Ltd
—
Deed Of Trust
related
$250,000 · Hartville Hardware
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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