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Property profile & analytics
OFF-MARKET
Estimated value
$6,235,000
Office Spaces
8191 Arbor Sq Dr, Mason, OH 45040-5003
Trust Owned
2-yr Hold
Free & Clear
Property ID
US66-1273961
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2003
Construction
CONCRETE
Total area
39,240 SF
Lot
7 ac (304,746 SF)
APN
16-33-200-043-0
UPID
US66-1273961
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
-
Stock Yards Bank & Trust Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.63M
Comparable Approach
Comparable
$6.46M
Blend (final)
Blend
$6.24M
Owner & transaction history
Stock Yards Bank & Trust Company · 2 yrs held
Stock Yards Bank & Trust Company
since 2023
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.5M
+39.1%
Industrial (general)
$7.8M
+14.3%
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 Mason submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mason 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%
$8,265,000
6.5%
$7,630,000
7%
$7,085,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,835,000
Current use
AUTO REPAIR, GARAGE
$9,505,000
Change: +39% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,810,000
Change: +14% · Conversion: Moderate
OFFICE BUILDING
$6,740,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$6.24M
Range $5.61M – $6.86M · ±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
$159 / 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
$110,144
Tax year 2023
Assessed value
$1,537,214
Assessed 2023
Previous assessed
$1,537,214
+0.0% YoY
Effective rate
7.17%
On assessed value
Assessed land
$734,559
Assessed improvement
$802,655
Land market value
$2,098,740
Improvement market value
$2,293,300
Total market value
$4,392,040
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
39,240 SF
Lot
7 ac (304,746 SF)
APN
16-33-200-043-0
UPID
US66-1273961
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$9.5M
INDUSTRIAL (GENERAL)
Est. value
$7.8M
OFFICE BUILDING
Est. value
$6.7M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
2003
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
7 ac
Current owner
From public records · entity-resolved
Stock Yards Bank & Trust Company
Trust
Free & Clear · 2 yrs held
Mailing address
1040 E MAIN ST, LOUISVILLE, KY 40206-1856
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2023
—
Stock Yards Bank & Trust Company
Arbor Square II LLC
Ground Lease
related
—
Jan 5, 2017
—
Arbor Square II LLC
—
Deed Of Trust
related
$13,980,000 · Us Com'l Mtg Loan Portfolio
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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