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Property profile & analytics
OFF-MARKET
Estimated value
$2,345,000
Strip malls
694 National Rd 740 Vandalia, OH 45377-1032
Individually Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-5711539
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1966
Total area
59,122 SF
Lot
6.42 ac (279,655 SF)
APN
B02 00201 0048
UPID
US66-5711539
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
-
Vandalia Drummer News Publishing House Newspaper & Magazine
-
Fox's Pizza Vandalia Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.35M
Owner & transaction history
Tower Khoshbin · 18 yrs held
Tower Khoshbin
since 2008
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.8M
+44.6%
Office building
$3.6M
+36.8%
Retail stores
$3.6M
+35.3%
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 Vandalia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vandalia 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
$2,105,000
ML approach
$2,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,655,000
Current use
AUTO REPAIR, GARAGE
$3,840,000
Change: +45% · Conversion: Difficult
OFFICE BUILDING
$3,630,000
Change: +37% · Conversion: Moderate
RETAIL STORES
$3,590,000
Change: +35% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,725,000
Change: +3% · Conversion: Easy
WAREHOUSE, STORAGE
$2,185,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.35M
Range $2.11M – $2.58M · ±10% · vs last sale $2.50M (Nov 17 2020)
Last sale anchor
$2.50M
Nov 17 2020
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
$40 / 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
$34,065
Tax year 2023
Assessed value
$910,930
Assessed 2023
Previous assessed
$910,930
+0.0% YoY
Effective rate
3.74%
On assessed value
Assessed land
$207,020
Assessed improvement
$703,910
Land market value
$591,480
Improvement market value
$2,011,180
Total market value
$2,602,660
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1966
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
59,122 SF
Lot
6.42 ac (279,655 SF)
APN
B02 00201 0048
UPID
US66-5711539
Jurisdiction
MONTGOMERY
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1966
Heating
YES
Cooling
Yes
Stories
1
Lot
6.42 ac
Current owner
From public records · entity-resolved
Tower Khoshbin
Individual
Mailing address
4635 ABERDEEN AVE #250, DUBLIN, OH 43016-9529
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Feb 27, 2020
—
Khoshbin Tower LP
—
Deed
related
$2,362,500 · Wright-patt Cu
Oct 31, 2019
—
Khoshbin Tower LP
—
Deed
related
$2,700,000 · Keypoint Cu
Jul 5, 2016
—
Khoshbin Tower LP
—
Deed
related
$2,700,000 · Keypoint Cu
Feb 1, 2008
—
Tower Khoshbin
Khoshbin Tower
Quit Claim Deed
$2,600,000 · Telesis Community Cu
Nov 28, 2007
$3,715,000
Tower Khoshbin
700 West National Road INC
Grant Deed
$1,700,000 · Telesis Community Cu
—
—
Khoshbin Tower LP
—
Deed Of Trust
related
$21,591,440 · Wells Fargo Bk
—
—
Khoshbin Tower LP
—
Loan Modification
related
$2,700,000 · Keypoint Cu
—
—
Khoshbin Tower LP
—
Deed Of Trust
related
$2,362,500 · Wright-patt Cu
—
—
Khoshbin Tower LP
—
Deed Of Trust
related
$2,700,000 · Keypoint Cu
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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