New search
Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Office Spaces
767 Columbus Ave, Lebanon, OH 45036-1749
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-6289874
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1984
Construction
BRICK
Total area
4,781 SF
Lot
1.02 ac (44,431 SF)
APN
13-36-201-019-0
UPID
US66-6289874
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$930k
Comparable Approach
Comparable
$979k
Blend (final)
Blend
$955k
Owner & transaction history
Gregg L Testerman · 9 yrs held
Gregg L Testerman
since 2016
7 recorded transactions
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 Lebanon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lebanon 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%
$1,005,000
6.5%
$930,000
7%
$865,000
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$200 / 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
$17,309
Tax year 2023
Assessed value
$315,074
Assessed 2023
Previous assessed
$315,074
+0.0% YoY
Effective rate
5.49%
On assessed value
Assessed land
$104,969
Assessed improvement
$210,105
Land market value
$299,910
Improvement market value
$600,300
Total market value
$900,210
Applied tax rate
61.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1984
Construction
BRICK
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
4,781 SF
Lot
1.02 ac (44,431 SF)
APN
13-36-201-019-0
UPID
US66-6289874
Jurisdiction
WARREN
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
1984
Construction
BRICK
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Gregg L Testerman
Individual
Mailing address
767 COLUMBUS AVE, LEBANON, OH 45036-1749
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2021
—
Testerman Raelty LLC
—
Deed
related
$1,045,500 · Lcnb National Bank
Sep 9, 2016
—
Gregg L Testerman
Testerman,wc
Affidavit Of Death
related
$156,000 · Lcnb National Bank
Jul 3, 2007
$450,000
Bradd C Testerman
Testerman,gregg L & Cheryl L
Grant Deed
related
$360,000 · Gregg L & Cheryl L Testerman
Nov 6, 2006
$333,388
Gregg L Testerman
Passidomo,daniel J
Grant Deed
—
Mar 10, 2006
—
Gregg L Testerman
Testerman,bradd C
Quit Claim Deed
—
Jun 9, 1998
$42,266
Daniel J Passidomo
Testerman,gregg L & Cheryl L
Grant Deed
—
—
—
Gregg L Testerman
—
Deed Of Trust
related
$714,125 · Huntington National Bank
—
—
Gregg L Testerman
—
Deed Of Trust
related
$800,000 · Lebanon Citizens National Bank
—
—
Darell,cain Tr
—
Deed Of Trust
related
$686,250 · Lebanon Citizens National Bank
—
—
Testerman Trust
—
Deed Of Trust
related
$686,250 · Lebanon Citizens National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 767 Columbus Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
