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Property profile & analytics
FOR LEASE
Manufacturing properties
851 Industrial Dr, Wapakoneta, OH 45895
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-2260516
For Lease
1 / 2
$5 SF/Yr
851 Industrial Dr, Wapakoneta, OH 45895
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1978
Total area
46,000 SF
Lot
8.3 ac (361,548 SF)
APN
B07-091-001-01
UPID
US66-2260516
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
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$749k
Blend (final)
Blend
$740k
Owner & transaction history
Vwk Industries LLC · 6 yrs held
Vwk Industries LLC
since 2020
Last sale
$700,000
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 Wapakoneta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wapakoneta 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
$565,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $700k (Jun 8 2020)
Last sale anchor
$700k
Jun 8 2020
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
$16 / 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
$12,028
Tax year 2023
Assessed value
$290,750
Assessed 2023
Previous assessed
$290,750
+0.0% YoY
Effective rate
4.14%
On assessed value
Assessed land
$66,120
Assessed improvement
$224,630
Land market value
$188,900
Improvement market value
$641,810
Total market value
$830,710
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1978
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
46,000 SF
Lot
8.3 ac (361,548 SF)
APN
B07-091-001-01
UPID
US66-2260516
Jurisdiction
AUGLAIZE
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
1978
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
8.3 ac
Current owner
From public records · entity-resolved
Vwk Industries LLC
Entity
Mailing address
705 COMMERCE RD, WAPAKONETA, OH 45895-8555
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Nov 1, 2021
—
Vwk Industries LLC
—
Deed
related
$6,041,100 · The Union Bank Co
Jun 8, 2020
—
Vwk Industries LLC
Wrk Industries LLC
Quit Claim Deed
related
—
May 11, 2020
—
Wrk Industries LLC
—
Deed
related
$2,500,000 · The Union Bk Co
Aug 16, 2018
—
Wrk Industries LLC
—
Deed
related
$1,000,000 · The Union Bk Co
Oct 4, 2013
$700,000
Wrk Industries LLC
Kennedy Richard D Trust
Grant Deed
$700,000 · Huntington National Bank
—
—
Wrk Industries LLC
—
Loan Modification
related
$2,500,000 · The Union Bk Co
—
—
Wrk Industries LLC
—
Deed Of Trust
related
$1,000,000 · The Union Bk Co
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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