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Property profile & analytics
OFF-MARKET
Estimated value
$9,210,000
Medical Office Space
7640 Sylvania Ave, Sylvania, OH 43560-9729
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-1855983
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
70,550 SF
Zoning code
31-B1
APN
82-06000
UPID
US66-1855983
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
-
Mercy Health - Sylvania Outpatient Rehabilitation and Therapy Medical Clinic
-
Fahncke Charles R DDS Dental Office
-
Russell Kate Physician
-
Steve Cygan Physician
-
Allergy Clinic Ohio - Dr. Safadi Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.94M
Comparable Approach
Comparable
$11.86M
Blend (final)
Blend
$9.21M
Owner & transaction history
Sylvania 7640 Mp Rk6 LLC · 4 yrs held
Sylvania 7640 Mp Rk6 LLC
since 2022
1 recorded transaction
Zoning & alternative use
31-B1 · Sylvania, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.1M
+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 Sylvania submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sylvania 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%
$9,680,000
6.5%
$8,935,000
7%
$8,300,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,140,000
Current use
RESTAURANT
$10,145,000
Change: +42% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,720,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$9.21M
Range $8.29M – $10.13M · ±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
$131 / 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
$274,507
Tax year 2023
Assessed value
$2,796,360
Assessed 2023
Previous assessed
$2,796,360
+0.0% YoY
Effective rate
9.82%
On assessed value
Assessed land
$384,965
Assessed improvement
$2,411,395
Land market value
$1,099,900
Improvement market value
$6,889,700
Total market value
$7,989,600
Applied tax rate
82.0000
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
2004
Heating
NONE
Stories
1
Total area
70,550 SF
Zoning code
31-B1
APN
82-06000
UPID
US66-1855983
Jurisdiction
LUCAS
Zoning & alternative use
31-B1 · Sylvania, OH
Zoning 31-B1 · permitted uses
31-B1 · Sylvania, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sylvania. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$7.1M
RESTAURANT
Est. value
$10.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Heating
NONE
Stories
1
Current owner
From public records · entity-resolved
Sylvania 7640 Mp Rk6 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
320 W DUSSEL DR, MAUMEE, OH 43537-1671
Ownership since
2022
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
Apr 27, 2022
—
Sylvania 7640 Mp Rk6 LLC
Progressive Wellness LLC
Limited 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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