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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Warehouses
815 Fls Crk Dr Vandalia, OH 45377-9695
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-0902040
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1993
Total area
20,883 SF
Lot
1.58 ac (68,868 SF)
APN
B02 01304 0003
UPID
US66-0902040
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
-
Waibel Energy Systems, Inc HVAC Service General Contractor
-
Trane - Heating & Cooling Services Big Box & Wholesale Store Building Supply
-
Trane Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$874k
Blend (final)
Blend
$920k
Owner & transaction history
Waibel Property 815 LLC · 3 yrs held
Waibel Property 815 LLC
since 2022
Last sale
$935,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+75.5%
Office building
$1.3M
+66.0%
Retail stores
$1.3M
+64.2%
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 Vandalia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vandalia 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
$685,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$770,000
Current use
AUTO REPAIR, GARAGE
$1,355,000
Change: +76% · Conversion: Easy
OFFICE BUILDING
$1,280,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$1,270,000
Change: +64% · Conversion: Moderate
COMMERCIAL (GENERAL)
$960,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$940,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $935k (Aug 3 2022)
Last sale anchor
$935k
Aug 3 2022
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
$44 / 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
$18,233
Tax year 2023
Assessed value
$233,990
Assessed 2023
Previous assessed
$194,070
+20.6% YoY
Effective rate
7.79%
On assessed value
Assessed land
$28,650
Assessed improvement
$205,340
Land market value
$81,860
Improvement market value
$586,680
Total market value
$668,540
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1993
Heating
YES
Cooling
NONE
Stories
1
Total area
20,883 SF
Lot
1.58 ac (68,868 SF)
APN
B02 01304 0003
UPID
US66-0902040
Jurisdiction
MONTGOMERY
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
WAREHOUSE, STORAGE Current
Est. value
$770,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$960,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$940,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1993
Heating
YES
Cooling
Yes
Stories
1
Lot
1.58 ac
Current owner
From public records · entity-resolved
Waibel Property 815 LLC
Entity
Mailing address
815 FLS CRK DR, VANDALIA, OH 45377-9695
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Sep 7, 2022
—
Waibel Property 815 LLC
—
Deed
related
$187,000 · Aas Holdings LLC
Aug 3, 2022
$935,000
Waibel Property 815 LLC
Aas Holdings LLC
Warranty Deed
$748,000 · Bank Of America NA
May 29, 2018
—
Aas Holdings LLC
—
Loan Modification
related
$3,000,000 · First Fin'l Bk&tr
Mar 8, 2013
—
Aas Holdings LLC
—
Loan Modification
related
$2,700,000 · First Financial Bank NA
Apr 14, 2009
—
Aas Holdings LLC
—
Deed Of Trust
related
$3,000,000 · First Financial Bank NA
Jan 18, 2008
—
Aas Holdings LLC
Sally B Waibel
Quit Claim Deed
related
—
Jan 14, 2008
—
Sally B Waibel
Waibel,l David
Quit Claim Deed
related
—
May 23, 2002
—
Waibel L D
—
Trustees Deed
related
$200,000 · Bank One NA
—
—
Aas Holdings LLC
—
Deed Of Trust
related
$268,884 · First Financial Bank NA
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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