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Property profile & analytics
OFF-MARKET
Office buildings
7 Main St, Marengo, OH 43334
Entity Owned
13-yr Hold
Free & Clear
Property ID
US66-2023614
Property summary
AI-generated overview
This unique commercial property, located at 7 E Main Street in Marengo, Ohio, presents a rare business opportunity. The building, formerly the Sparta General Store, boasts 3,630 square feet of retail space and storage, situated on a 3,484.8 square foot lot. The asking price is $50,000, translating to $13.77 per square foot. It's being sold "AS IS, WHERE IS." Potential buyers should be aware that a lawsuit has been filed against the owner for back taxes and unpaid utility bills. Additionally, underground gas tanks require remediation to meet oil/gas regulations. The seller is currently working to address these compliance issues. This property offers significant potential for redevelopment or repurposing, but requires due diligence regarding the existing legal and environmental concerns. Please review all attached documentation for complete details. Note that an additional 0.59-acre parcel is available for separate purchase. The property's address is 7 E Main Street, Marengo, OH 43334.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Total area
1,560 SF
Lot
0.06 ac (2,439 SF)
APN
A45-002-00-009-00
UPID
US66-2023614
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
-
Premier Risk Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
4 Dawtrs LLC · 13 yrs held
4 Dawtrs LLC
since 2013
1 recorded transaction
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 Marengo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marengo 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,220
Tax year 2023
Assessed value
$24,960
Assessed 2023
Previous assessed
$19,750
+26.4% YoY
Effective rate
4.89%
On assessed value
Assessed land
$2,940
Assessed improvement
$22,020
Land market value
$8,400
Improvement market value
$62,900
Total market value
$71,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1920
Heating
NONE
Stories
1
Total area
1,560 SF
Lot
0.06 ac (2,439 SF)
APN
A45-002-00-009-00
UPID
US66-2023614
Jurisdiction
MORROW
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
4 Dawtrs LLC
Entity
Free & Clear · 13 yrs held
Mailing address
7 N MAIN ST, MARENGO, OH 43334
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2013
—
4 Dawtrs LLC
Thomas G Pillifant
Quit Claim Deed
related
—
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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