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Property profile & analytics
OFF-MARKET
Estimated value
$6,425,000
Apartment buildings
8739 Central Ave, Sylvania, OH 43560-8710
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-5219807
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2015
Total area
122,154 SF
Lot
10.62 ac (462,738 SF)
Zoning code
20-MX
APN
79-75519
UPID
US66-5219807
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
$6.28M
Blend (final)
Blend
$6.43M
Owner & transaction history
Carlisle Commons One LLC · 6 yrs held
Carlisle Commons One LLC
since 2020
1 recorded transaction
Zoning & alternative use
20-MX · Sylvania, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.9M
+101.8%
Auto repair, garage
$8.9M
+82.3%
Retail stores
$8.6M
+76.0%
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
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,905,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,905,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,945,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$8,640,000
Change: +76% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,885,000
Change: +61% · Conversion: Moderate
OFFICE BUILDING
$7,835,000
Change: +60% · Conversion: Moderate
Blend value · Realmo final
$6.43M
Range $5.78M – $7.07M · ±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
$53 / 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
$232,600
Tax year 2023
Assessed value
$2,251,970
Assessed 2023
Previous assessed
$2,251,970
+0.0% YoY
Effective rate
10.33%
On assessed value
Assessed land
$53,130
Assessed improvement
$2,198,840
Land market value
$151,800
Improvement market value
$6,282,400
Total market value
$6,434,200
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2015
Heating
NONE
Stories
1
Total area
122,154 SF
Lot
10.62 ac (462,738 SF)
Zoning code
20-MX
APN
79-75519
UPID
US66-5219807
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$8.9M
RETAIL STORES
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$7.9M
OFFICE BUILDING
Est. value
$7.8M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (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
2015
Heating
NONE
Stories
1
Lot
10.62 ac
Current owner
From public records · entity-resolved
Carlisle Commons One LLC
Entity
Mailing address
7007 E PLEASANT VLY RD, INDEPENDENCE, OH 44131-5543
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Carlisle Commons One LLC
—
Deed Of Trust
$97,000 · Red Cap Ptrs
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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