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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Commercial real estate
8146 Us Hwy 224 New Riegel, OH 44853-9729
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US66-2863154
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2013
Construction
FRAME
Total area
14,400 SF
Lot
4.95 ac (215,405 SF)
APN
I35000563560000
UPID
US66-2863154
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
$740k
Comparable Approach
Comparable
$576k
Blend (final)
Blend
$725k
Owner & transaction history
Service Lenders LLC · 13 yrs held
Service Lenders LLC
since 2013
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$570,000
+43.3%
Retail stores
$565,000
+42.6%
Apartment house (5+ units)
$455,000
+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 New Riegel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Riegel 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%
$805,000
6.5%
$740,000
7%
$690,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$570,000
Change: +43% · Conversion: Easy
RETAIL STORES
$565,000
Change: +43% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$455,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$50 / 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
$8,284
Tax year 2023
Assessed value
$139,940
Assessed 2023
Previous assessed
$70,840
+97.5% YoY
Effective rate
5.92%
On assessed value
Assessed land
$40,720
Assessed improvement
$99,220
Land market value
$116,330
Improvement market value
$283,490
Total market value
$399,820
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2013
Construction
FRAME
Heating
OTHER
Cooling
YES
Stories
1
Units
1
Total area
14,400 SF
Lot
4.95 ac (215,405 SF)
APN
I35000563560000
UPID
US66-2863154
Jurisdiction
SENECA
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
OFFICE BUILDING
Est. value
$570,000
RETAIL STORES
Est. value
$565,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$455,000
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2013
Construction
FRAME
Heating
OTHER
Cooling
Yes
Stories
1
Units
1
Lot
4.95 ac
Current owner
From public records · entity-resolved
Service Lenders LLC
Entity
Mailing address
PO BOX 249, BASCOM, OH 44809-0249
Ownership since
2013
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
Jul 30, 2020
—
Service Leaders LLC
—
Deed
related
$303,627 · Huntington Nat'l Bk
May 2, 2019
—
Services Leaders LLC
—
Deed
related
$151,073 · The Huntington National Bank
Jun 21, 2013
$45,000
Service Lenders LLC
Allen,david W & Amy D
Warranty Deed
$31,500 · Croghan Colonial Bank
—
—
Service Leaders LLC
—
Deed Of Trust
related
$303,627 · Huntington Nat'l Bk
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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