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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Medical Office Space
7224 Dutch Rd Waterville, OH 43566-9831
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-2561682
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Total area
10,222 SF
Lot
6.46 ac (281,398 SF)
Zoning code
22-C4
APN
96-00022
UPID
US66-2561682
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
-
Teleurgent Care one Medical Clinic
-
Greater Midwest Urgent Cares, Waterville Urgent Care Medical Clinic
-
Dr. April Davis Dental Office
-
Gracious Smiles Aesthetic General Dentistry of Waterville Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.67M
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$1.72M
Owner & transaction history
Scf Rc Funding IV LLC · 4 yrs held
Scf Rc Funding IV LLC
since 2021
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
22-C4 · Waterville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+42.1%
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 Waterville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterville 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
$1,720,000
ML approach
$1,670,000
CAP Approach
CAP Return
Estimation
6%
$1,405,000
6.5%
$1,295,000
7%
$1,200,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,035,000
Current use
RESTAURANT
$1,470,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±10% · vs last sale $1.97M (Aug 12 2021)
Last sale anchor
$1.97M
Aug 12 2021
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
$168 / 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
$28,132
Tax year 2023
Assessed value
$385,000
Assessed 2023
Previous assessed
$385,000
+0.0% YoY
Effective rate
7.31%
On assessed value
Assessed land
$95,095
Assessed improvement
$289,905
Land market value
$271,700
Improvement market value
$828,300
Total market value
$1,100,000
Applied tax rate
96.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2017
Heating
NONE
Stories
1
Total area
10,222 SF
Lot
6.46 ac (281,398 SF)
Zoning code
22-C4
APN
96-00022
UPID
US66-2561682
Jurisdiction
LUCAS
Zoning & alternative use
22-C4 · Waterville, OHZoning 22-C4 · permitted uses
22-C4 · Waterville, OH
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 Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.5M
MEDICAL BUILDING Current
RESTAURANT
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
NONE
Stories
1
Lot
6.46 ac
Current owner
From public records · entity-resolved
Scf Rc Funding IV LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4508 PROMENADE LN, SYLVANIA, OH 43560-2984
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2021
$1,966,000
Scf Rc Funding IV LLC
Tp Ohio Real Estate Acquisition LLC
Limited Warranty Deed
—
Jul 8, 2021
—
Greater Toledo Urgent Cares LLC
Scf Rc Funding IV LLC
Lease
—
Jul 6, 2021
—
Tp Ohio Real Estate Acquisition LLC
Dutch Road Medical LLC
Limited Warranty Deed
—
Feb 16, 2016
$85,000
Dutch Road Medical LLC
Toledo Hospital
Warranty Deed
—
Jan 7, 2013
$270,000
Toledo Hospital
Peinert,robert J & Jackie S
Warranty Deed
—
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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