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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Office buildings
706 Indian Hl Rd Terrace Park, OH 45174-1017
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US66-0186378
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
5,004 SF
Lot
0.74 ac (32,017 SF)
APN
521-0002-0158-00
UPID
US66-0186378
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
-
Berry Insurance Group Insurance Agency
-
Dakin Insurance Inc Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$775k
Comparable Approach
Comparable
$604k
Blend (final)
Blend
$675k
Owner & transaction history
Tebco Properties LLC · 20 yrs held
Tebco Properties LLC
since 2006
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$925,000
+72.8%
Restaurant
$755,000
+41.6%
Medical building
$595,000
+11.2%
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 Terrace Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Terrace Park 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%
$835,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$535,000
Current use
AUTO REPAIR, GARAGE
$925,000
Change: +73% · Conversion: Difficult
RESTAURANT
$755,000
Change: +42% · Conversion: Moderate
MEDICAL BUILDING
$595,000
Change: +11% · Conversion: Easy
RETAIL STORES
$485,000
Change: -9% · Conversion: Moderate
COMMERCIAL (GENERAL)
$440,000
Change: -18% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$435,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$135 / 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
$16,561
Tax year 2023
Assessed value
$169,950
Assessed 2023
Previous assessed
$158,463
+7.2% YoY
Effective rate
9.74%
On assessed value
Assessed land
$47,289
Assessed improvement
$122,661
Land market value
$135,110
Improvement market value
$350,460
Total market value
$485,570
Applied tax rate
107.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1978
Heating
YES
Stories
2
Rooms
4
Total area
5,004 SF
Lot
0.74 ac (32,017 SF)
APN
521-0002-0158-00
UPID
US66-0186378
Jurisdiction
HAMILTON
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
$535,000
AUTO REPAIR, GARAGE
Est. value
$925,000
RESTAURANT
Est. value
$755,000
MEDICAL BUILDING
Est. value
$595,000
RETAIL STORES
Est. value
$485,000
COMMERCIAL (GENERAL)
Est. value
$440,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$435,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1978
Heating
YES
Stories
2
Rooms
4
Lot
0.74 ac
Current owner
From public records · entity-resolved
Tebco Properties LLC
Entity
Mailing address
706 INDIAN HL RD, TERRACE PARK, OH 45174-1017
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2006
$489,000
Tebco Properties LLC
Manitou Realty LLC
Warranty Deed
$392,000 · Fifth Third Bank
Dec 31, 2001
$290,000
Manitou Realty LLC
Gottschalk,nancy R & Jack
Grant Deed
—
—
—
Tebco Properties LLC
—
Deed Of Trust
related
$1,030,000 · Fifth Third Bk
—
—
Tebco Properties LLC
—
Deed Of Trust
related
$775,000 · Centerbank
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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