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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Retail space
8432 Central Ave Sylvania, OH 43560-9420
Individually Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-2608785
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Total area
35,500 SF
Lot
3.99 ac (173,630 SF)
Zoning code
20-MX
APN
78-28642
UPID
US66-2608785
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
-
B-P Industrial Division Factory Production Facility
-
Howard's Irrigation Co General Contractor Construction Company
-
United Seating & Mobility Production Facility
-
FSS, Inc. Garden Center
-
Elite Awnings & Sun Shades Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.14M
Owner & transaction history
Sylvania Business Plaza II Ltd · 12 yrs held
Sylvania Business Plaza II Ltd
since 2014
4 recorded transactions
Zoning & alternative use
20-MX · Sylvania, OH
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 Sylvania submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sylvania 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±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
$32 / 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
$34,846
Tax year 2023
Assessed value
$328,965
Assessed 2023
Previous assessed
$328,965
+0.0% YoY
Effective rate
10.59%
On assessed value
Assessed land
$31,045
Assessed improvement
$297,920
Land market value
$88,700
Improvement market value
$851,200
Total market value
$939,900
Applied tax rate
78.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Heating
NONE
Stories
1
Total area
35,500 SF
Lot
3.99 ac (173,630 SF)
Zoning code
20-MX
APN
78-28642
UPID
US66-2608785
Jurisdiction
LUCAS
Zoning & alternative use
20-MX · Sylvania, OH
Zoning 20-MX · permitted uses
20-MX · Sylvania, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sylvania. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Stories
1
Lot
3.99 ac
Current owner
From public records · entity-resolved
Sylvania Business Plaza II Ltd
Individual
Free & Clear · 12 yrs held
Mailing address
SYLVANIA, OH 43560
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Feb 17, 2023
—
Sylvania Business Plaza II Ltd
—
Deed
related
$3,000,000 · The Farmers & Merchants State Bank
Jun 8, 2018
—
Sylvania Business Plaza II Ltd
—
Deed
related
$1,000,000 · The Farmers & Merchants State Bank
Jan 28, 2014
$1,200,000
Sylvania Business Plaza II Ltd
Sylvania Business Plaza LLC
Grant Deed
related
—
Jan 3, 2014
$1,200,000
Sylvania Business Plaza II LLC
Sylvania Business Plaza LLC
Warranty Deed
$1,000,000 · Genoa Bkng
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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