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Property profile & analytics
OFF-MARKET
Estimated value
$2,580,000
Medical Office Space
803 Farson St Belpre, OH 45714-1072
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-4040996
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Total area
24,800 SF
Lot
1.51 ac (65,776 SF)
APN
80030508003
UPID
US66-4040996
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
-
Puneetpal S Bains Physician
-
TheChangedPlate Restaurant
-
Faith Griffith Medical Clinic
-
Valone Collins Physician
-
Libu Varughese Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.26M
Comparable Approach
Comparable
$2.90M
Blend (final)
Blend
$2.58M
Owner & transaction history
Gmr Belpre LLC · 8 yrs held
Gmr Belpre LLC
since 2018
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.3M
+71.2%
Auto repair, garage
$3.1M
+63.3%
Apartment house (5+ units)
$2.9M
+50.0%
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 Belpre submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Belpre 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%
$2,445,000
6.5%
$2,260,000
7%
$2,100,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,900,000
Current use
COMMERCIAL (GENERAL)
$3,250,000
Change: +71% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,100,000
Change: +63% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,850,000
Change: +50% · Conversion: Moderate
RESTAURANT
$2,675,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$2,165,000
Change: +14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,640,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.58M
Range $2.32M – $2.84M · ±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
$104 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$76,960
Tax year 2022
Assessed value
$1,670,710
Assessed 2022
Previous assessed
$1,671,140
0.0% YoY
Effective rate
4.61%
On assessed value
Assessed land
$21,320
Assessed improvement
$1,649,390
Land market value
$60,920
Improvement market value
$4,712,540
Total market value
$4,773,460
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
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
2016
Heating
NONE
Stories
1
Total area
24,800 SF
Lot
1.51 ac (65,776 SF)
APN
80030508003
UPID
US66-4040996
Jurisdiction
WASHINGTON
Zoning & alternative use
Zoning · permitted uses
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
$1.9M
COMMERCIAL (GENERAL)
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
RESTAURANT
Est. value
$2.7M
RETAIL STORES
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2016
Heating
NONE
Stories
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
Gmr Belpre LLC
Entity
Mailing address
401 MATTHEW ST, MARIETTA, OH 45750-1635
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2018
$9,900,000
Gmr Belpre LLC
Belpre III LLC
Limited Warranty Deed
$780,000 · Bmo Harris Bank NA
Sep 21, 2015
—
Minnite Family LLC
Belpre III LLC
Quit Claim Deed
related
—
Jan 10, 2013
$36,800
Belpre III LLC
Minnite Family LLC
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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