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Property profile & analytics
OFF-MARKET
Estimated value
$1,985,000
Warehouses
8511 Shiloh Norwalk Rd Shiloh, OH 44878-8997
Entity Owned
7-yr Hold
Free & Clear
Property ID
US66-0720202
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
FRAME
Total area
51,749 SF
Lot
4.32 ac (188,179 SF)
APN
007-49-066-14-000
UPID
US66-0720202
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
$1.30M
Blend (final)
Blend
$1.99M
Owner & transaction history
Mex Properties LLC · 7 yrs held
Mex Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.1M
+100.1%
Medical building
$3.1M
+96.1%
Apartment house (5+ units)
$2.9M
+84.4%
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 Shiloh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shiloh 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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,565,000
Current use
RETAIL STORES
$3,135,000
Change: +100% · Conversion: Moderate
MEDICAL BUILDING
$3,075,000
Change: +96% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,890,000
Change: +84% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,645,000
Change: +69% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,800,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±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
$38 / 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
$12,983
Tax year 2023
Assessed value
$238,440
Assessed 2023
Previous assessed
$246,810
-3.4% YoY
Effective rate
5.44%
On assessed value
Assessed land
$8,840
Assessed improvement
$229,600
Land market value
$25,260
Improvement market value
$655,990
Total market value
$681,250
Applied tax rate
749.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
2000
Construction
FRAME
Heating
HOT WATER
Cooling
NONE
Stories
1
Total area
51,749 SF
Lot
4.32 ac (188,179 SF)
APN
007-49-066-14-000
UPID
US66-0720202
Jurisdiction
RICHLAND
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
$1.6M
RETAIL STORES
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2000
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
4.32 ac
Current owner
From public records · entity-resolved
Mex Properties LLC
Entity
Free & Clear · 7 yrs held
Mailing address
8511 SHILOH NORWALK RD, SHILOH, OH 44878-8997
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Dec 20, 2023
—
Mex Properties LLC
—
Deed
related
$3,177,908 · Sutton Bank
Mar 23, 2021
—
Mex Properties LLC
—
Deed
related
$3,000,000 · Sutton Bank
Jan 4, 2019
—
Mex Properties LLC
Carl S Zimmerman
Quit Claim Deed
related
—
Jun 25, 2013
$185,000
Carl S Zimmerman
Ronald R Caudill
Warranty Deed
$499,000 · Farmers Citizens Bank
Jun 10, 2013
—
Leon Z Newswanger
Ronald R Caudill
Warranty Deed
—
Sep 20, 2010
—
Irvin H Zimmerman
Cambridge Business Park III LLC
Warranty Deed
—
Aug 6, 2010
$75,000
Irvin H Zimmerman
Cambridge Business Park III LLC
Warranty Deed
—
Nov 2, 2006
$150,000
Irvin H Zimmerman
Cambridge Business Park III LLC
Warranty Deed
$130,000 · The Citizens Banking Co
Aug 3, 2006
$500,000
First Citizens Bank
Kaple Lumber Co
Sheriffs Deed
related
—
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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