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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Retail space
7645 Sylvania Ave Sylvania, OH 43560-9517
Entity Owned
6-yr Hold
Free & Clear
Property ID
US66-2140983
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Total area
7,300 SF
Lot
1.31 ac (57,161 SF)
Zoning code
31-B2
APN
82-05971
UPID
US66-2140983
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
-
Sandals Nail-Spa, LLC Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$976k
Blend (final)
Blend
$870k
Owner & transaction history
Mq Real Estate Investments LLC · 6 yrs held
Mq Real Estate Investments LLC
since 2019
4 recorded transactions
Zoning & alternative use
31-B2 · Sylvania, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+103.4%
Medical building
$740,000
+43.1%
Neighborhood: shopping center
$590,000
+14.7%
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%
$865,000
6.5%
$800,000
7%
$745,000
Alternative Use
Use
Estimation
RESTAURANT
$1,050,000
Change: +103% · Conversion: Easy
MEDICAL BUILDING
$740,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$590,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$535,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$119 / 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
$22,641
Tax year 2023
Assessed value
$232,138
Assessed 2023
Previous assessed
$232,138
+0.0% YoY
Effective rate
9.75%
On assessed value
Assessed land
$45,185
Assessed improvement
$186,953
Land market value
$129,100
Improvement market value
$534,150
Total market value
$663,250
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2020
Heating
NONE
Stories
1
Units
1
Total area
7,300 SF
Lot
1.31 ac (57,161 SF)
Zoning code
31-B2
APN
82-05971
UPID
US66-2140983
Jurisdiction
LUCAS
Zoning & alternative use
31-B2 · Sylvania, OH
Zoning 31-B2 · permitted uses
31-B2 · 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
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$740,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$590,000
AUTO REPAIR, GARAGE
Est. value
$535,000
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2020
Heating
NONE
Stories
1
Units
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Mq Real Estate Investments LLC
Entity
Free & Clear · 6 yrs held
Mailing address
7645 SYLVANIA AVE, SYLVANIA, OH 43560-9517
Ownership since
2019
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
Mar 9, 2020
—
Mq Real Estate Investments LLC
—
Deed
related
$1,900,000 · State Bk&tr
Sep 17, 2019
—
Mq Real Estate Investments LLC
Midland Agcy Of Northwest Oh
Quit Claim Deed
related
—
Jun 27, 2019
$400,000
Midland Agency Of Northwest Ohio
Sylvan King Investors Ltd
Grant Deed
—
—
—
Mq Real Estate Investments LLC
—
Deed Of Trust
related
$1,900,000 · State Bk&tr
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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