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Property profile & analytics
FOR SALE
Warehouses
6550 Hamilton Lebanon Rd, Monroe, OH 45044
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-5260281
For Sale
1 / 2
$3,250,000
6550 Hamilton Lebanon Rd, Monroe, OH 45044
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2017
Total area
33,741 SF
Lot
4.22 ac (183,693 SF)
APN
C1800-013.000-036
UPID
US66-5260281
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
$3.68M
CAP Approach
CAP
$3.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.71M
Owner & transaction history
Rooster Land Monroe LLC · 4 yrs held
Rooster Land Monroe LLC
since 2022
Last sale
$3.8M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.8M
+129.7%
Neighborhood: shopping center
$3.7M
+124.2%
Auto repair, garage
$3.5M
+111.1%
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 Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe 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
$3,595,000
ML approach
$3,675,000
CAP Approach
CAP Return
Estimation
6%
$4,295,000
6.5%
$3,965,000
7%
$3,680,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,820,000
Change: +130% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,730,000
Change: +124% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,510,000
Change: +111% · Conversion: Easy
Blend value · Realmo final
$3.71M
Range $3.33M – $4.08M · ±10% · vs last sale $3.78M (May 25 2022)
Last sale anchor
$3.78M
May 25 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
$110 / 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
$2,726
Tax year 2023
Assessed value
$48,750
Assessed 2023
Previous assessed
$48,750
+0.0% YoY
Effective rate
5.59%
On assessed value
Assessed land
$48,750
Land market value
$139,290
Total market value
$139,290
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
2017
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Total area
33,741 SF
Lot
4.22 ac (183,693 SF)
APN
C1800-013.000-036
UPID
US66-5260281
Jurisdiction
BUTLER
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
MEDICAL BUILDING
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.5M
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2017
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
4.22 ac
Current owner
From public records · entity-resolved
Rooster Land Monroe LLC
Entity
Mailing address
214 S MULBERRY ST, TROY, OH 45373-3555
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
—
Rooster Land Monroe LLC
—
Deed
related
$150,000 · City Of Monroe
May 25, 2022
$3,775,000
Rooster Land Monroe LLC
Rtb Real Estate LLC
Warranty Deed
$3,300,000 · Minster Bank
Jun 2, 2016
$421,670
Rtb Real Estate LLC
North 63 Industrial LLC
Limited Warranty Deed
$4,107,000 · First Savers 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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