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Property profile & analytics
OFF-MARKET
Garden apartment buildings
843 University Blvd Middletown, OH 45042-3379
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-0198121
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1954
Total area
5,607 SF
Lot
0.36 ac (15,464 SF)
APN
Q6531-047.000-053
UPID
US66-0198121
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lan Le · 7 yrs held
Lan Le
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,707
Tax year 2023
Assessed value
$78,420
Assessed 2023
Previous assessed
$66,990
+17.1% YoY
Effective rate
6.00%
On assessed value
Assessed land
$8,400
Assessed improvement
$70,020
Land market value
$24,000
Improvement market value
$200,070
Total market value
$224,070
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1954
Heating
NONE
Cooling
NONE
Stories
2
Units
4
Bathrooms
2
Total area
5,607 SF
Lot
0.36 ac (15,464 SF)
APN
Q6531-047.000-053
UPID
US66-0198121
Jurisdiction
BUTLER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1954
Heating
NONE
Cooling
Yes
Stories
2
Units
4
Bathrooms
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Lan Le
Individual
Mailing address
5185 GRANDIN RDG DR, LIBERTY TWP, OH 45011-8312
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2018
$207,000
Lan Le
Croftshire Drive LLC
Warranty Deed
—
Nov 13, 2018
—
Croftshire Drive LLC
—
Deed
related
$140,000 · Dotson Audrey M Trust (it)
Feb 14, 2018
$180,000
Croftshire Drive LLC
Whyatt-rylee Investors LLC
Warranty Deed
—
May 14, 2015
—
Whyatt-rylee Investors LLC
Riggs Jo Ann
Warranty Deed
—
Jan 19, 2007
$199,400
Joann Riggs
Hamlin Family Trust
Grant Deed
$197,836 · Union Fsb
—
—
Croftshire Drive LLC
—
Deed Of Trust
related
$140,000 · Dotson Audrey M Trust (it)
—
—
Joann Riggs
—
Deed Of Trust
related
$192,008 · Union Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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