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Property profile & analytics
OFF-MARKET
Estimated value
$8,360,000
Manufacturing properties
7990 Auburn Rd Concord Township, OH 44077-9701
Entity Owned
6-yr Hold
Free & Clear
Property ID
US66-5819403
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1997
Total area
151,704 SF
Lot
42.21 ac (1,838,537 SF)
Zoning code
R-1
APN
08-A-021-0-00-018-0
UPID
US66-5819403
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
-
Ranpak Corp. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.99M
Comparable Approach
Comparable
$9.09M
Blend (final)
Blend
$8.36M
Owner & transaction history
Ranpak Corp · 6 yrs held
Ranpak Corp
since 2019
7 recorded transactions
Zoning & alternative use
R-1 · Concord Township, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the R-1 Residential District is to provide an area within the Township for housing and other compatible residential uses that are in close proximity to major state highways and interchanges of limited access highways, higher traffic roads, commercial concentrations and service areas, which are generally serviced by sanitary sewer and public wa…
Zone name
Residential
General category
COMMERCIAL
Zone area
6,172.43 ac
Source
Realmo
Top alternative use upside
Office building
$13.5M
+103.2%
Auto repair, garage
$12.7M
+92.1%
Medical building
$10.7M
+61.2%
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 Concord Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Concord Township 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%
$9,730,000
6.5%
$8,985,000
7%
$8,340,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,620,000
Current use
OFFICE BUILDING
$13,450,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,715,000
Change: +92% · Conversion: Easy
MEDICAL BUILDING
$10,675,000
Change: +61% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,205,000
Change: +39% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,585,000
Change: +30% · Conversion: Easy
RETAIL STORES
$5,860,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$8.36M
Range $7.52M – $9.20M · ±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
$55 / 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
$127,234
Tax year 2023
Assessed value
$1,761,030
Assessed 2023
Previous assessed
$1,761,030
+0.0% YoY
Effective rate
7.22%
On assessed value
Assessed land
$266,750
Assessed improvement
$1,494,280
Land market value
$762,140
Improvement market value
$4,269,380
Total market value
$5,031,520
Applied tax rate
8.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
151,704 SF
Lot
42.21 ac (1,838,537 SF)
Zoning code
R-1
APN
08-A-021-0-00-018-0
UPID
US66-5819403
Jurisdiction
LAKE
Zoning & alternative use
R-1 · Concord Township, OHZoning R-1 · permitted uses
R-1 · Concord Township, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the R-1 Residential District is to provide an area within the Township for housing and other compatible residential uses that are in close proximity to major state highways and interchanges of limited access highways, higher traffic roads, commercial concentrations and service areas, which are generally serviced by sanitary sewer and public water. Developments in this District tend to have a predominance of suburban residential character on gently rolling lands.
Zone name
Residential
General category
COMMERCIAL
Zone area
6,172.43 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$6.6M
OFFICE BUILDING
Est. value
$13.5M
AUTO REPAIR, GARAGE
Est. value
$12.7M
MEDICAL BUILDING
Est. value
$10.7M
COMMERCIAL (GENERAL)
Est. value
$9.2M
WAREHOUSE, STORAGE
Est. value
$8.6M
RETAIL STORES
Est. value
$5.9M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
42.21 ac
Current owner
From public records · entity-resolved
Ranpak Corp
Entity
Free & Clear · 6 yrs held
Mailing address
7990 AUBURN RD, CONCORD TOWNSHIP, OH 44077-9701
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2025
—
Ranpak Corp
—
Deed
related
$460,000 · Ubs Ag Tampa Branch
Sep 20, 2019
—
Ranpak Corp
—
Grant Deed
related
$423,175,000 · Goldman Sachs Lndg Ptrs
Aug 27, 2019
—
Ranpak Corp
Ranpak Corp
Correction Deed
related
—
Apr 26, 2013
—
Ranpak Corp
—
Deed Of Trust
related
$365,000,000 · Goldman Sachs Bank USA
Dec 31, 2007
—
Ranpak Corp
—
Deed Of Trust
related
$265,000,000 · American Capital Financial Svc
Dec 14, 2005
—
Ranpak Corp
—
Deed Of Trust
related
$175,000,000 · General Electric Capital Corp
Mar 22, 2005
—
Ranpak Corp
—
Deed Of Trust
related
$67,000,000 · General Electric Capital Corp
—
—
Ranpak Corp
—
Deed Of Trust
related
—
—
—
Ranpak Corp
—
Deed Of Trust
related
$100,000 · Bank Of America
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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