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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Office buildings
6800 Wales Rd Northwood, OH 43619-1014
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-1787596
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Total area
6,000 SF
Lot
1.49 ac (64,904 SF)
APN
M50-812-3100-00-032.000
UPID
US66-1787596
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
$537k
Blend (final)
Blend
$580k
Owner & transaction history
Sormac INC · 7 yrs held
Sormac INC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$945,000
+149.0%
Medical building
$445,000
+16.9%
Auto repair, garage
$435,000
+13.8%
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 Northwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northwood 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
OFFICE BUILDING
$380,000
Current use
RESTAURANT
$945,000
Change: +149% · Conversion: Moderate
MEDICAL BUILDING
$445,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$435,000
Change: +14% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$425,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$390,000
Change: +2% · Conversion: Moderate
COMMERCIAL (GENERAL)
$365,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$97 / 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
$8,550
Tax year 2023
Assessed value
$107,180
Assessed 2023
Previous assessed
$102,350
+4.7% YoY
Effective rate
7.98%
On assessed value
Assessed land
$33,430
Assessed improvement
$73,750
Land market value
$95,500
Improvement market value
$210,700
Total market value
$306,200
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1976
Heating
NONE
Stories
1
Total area
6,000 SF
Lot
1.49 ac (64,904 SF)
APN
M50-812-3100-00-032.000
UPID
US66-1787596
Jurisdiction
WOOD
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
OFFICE BUILDING Current
Est. value
$380,000
RESTAURANT
Est. value
$945,000
MEDICAL BUILDING
Est. value
$445,000
AUTO REPAIR, GARAGE
Est. value
$435,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$425,000
RETAIL STORES
Est. value
$390,000
COMMERCIAL (GENERAL)
Est. value
$365,000
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
Heating
NONE
Stories
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
Sormac INC
Entity
Mailing address
6800 WALES RD, NORTHWOOD, OH 43619-1014
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2019
$325,000
Sormac INC
Block Janet A Trust
Grant Deed
—
Sep 19, 2018
—
Block Industrial Service INC
—
Deed
related
$125,000 · Signature Bk
Jun 6, 2006
—
Block Robert J & Janet A Tr
Block,robert J & Janet A
Quit Claim Deed
related
—
—
—
Robert J Block
—
Deed Of Trust
related
$240,000 · Signature Bank
—
—
Block,robert J & Janet A
—
Deed Of Trust
related
$250,000 · Fifth Third Bk/nthrn
—
—
Block Industrial Service INC
—
Deed Of Trust
related
$125,000 · Signature Bk
—
—
Robert J Block
—
Deed Of Trust
related
$238,400 · Fifth Third 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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