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Property profile & analytics
OFF-MARKET
Estimated value
$10,395,000
Manufacturing properties
880 Steel Dr Valley City, OH 44280-9736
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-1062948
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1990
Total area
70,672 SF
Lot
24.27 ac (1,057,027 SF)
APN
025-01B-32-005
UPID
US66-1062948
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
-
Shiloh Industries, Inc. - Headquarters Industrial Manufacturer Production Facility
-
Shiloh Industries Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.82M
Blend (final)
Blend
$10.40M
Owner & transaction history
Spirit Master Funding X LLC · 5 yrs held
Spirit Master Funding X LLC
since 2021
Last sale
$12.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.9M
+124.2%
Medical building
$11.8M
+91.4%
Commercial (general)
$8.5M
+36.9%
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 Valley City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valley City 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
$9,820,000
ML approach
$7,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$13,860,000
Change: +124% · Conversion: Difficult
MEDICAL BUILDING
$11,835,000
Change: +91% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,465,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,460,000
Change: +37% · Conversion: Easy
OFFICE BUILDING
$7,580,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$7,370,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$10.40M
Range $9.36M – $11.43M · ±10% · vs last sale $12.62M (Feb 4 2021)
Last sale anchor
$12.62M
Feb 4 2021
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
$147 / 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
$147,447
Tax year 2023
Assessed value
$3,197,250
Assessed 2023
Previous assessed
$3,197,250
+0.0% YoY
Effective rate
4.61%
On assessed value
Assessed land
$306,860
Assessed improvement
$2,890,390
Land market value
$876,750
Improvement market value
$8,258,250
Total market value
$9,135,000
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
HEAVY MANUFACTURING
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Total area
70,672 SF
Lot
24.27 ac (1,057,027 SF)
APN
025-01B-32-005
UPID
US66-1062948
Jurisdiction
MEDINA
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
RESTAURANT
Est. value
$13.9M
MEDICAL BUILDING
Est. value
$11.8M
COMMERCIAL (GENERAL)
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$8.5M
OFFICE BUILDING
Est. value
$7.6M
RETAIL STORES
Est. value
$7.4M
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1990
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
24.27 ac
Current owner
From public records · entity-resolved
Spirit Master Funding X LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2727 N HARWOOD ST STE #300, DALLAS, TX 75201-2407
Ownership since
2021
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
Feb 4, 2021
$12,616,400
Spirit Master Funding X LLC
Grouper Real Estate Acquisition Co
Limited Warranty Deed
—
Dec 11, 2020
$6,758,300
Grouper Real Estate Acquisitio
Liverpool Coil Processing INC
Grant Deed
—
Dec 22, 2017
—
Liverpool Coil Processing INC
—
Deed
related
$500,000,000 · Bank Of America
Jan 16, 2004
—
Liverpool Coil Processing INC
—
Deed Of Trust
related
$195,000,000 · Lasalle Bank NA Trustee
Dec 12, 2000
—
Liverpool Coil Processing INC
—
Deed Of Trust
related
$8,332,000 · Chase Manhattan Bank Trustee
—
—
Liverpool Coil Processing INC
—
Deed Of Trust
related
$5,000,000 · Lasalle National Bank
—
—
Liverpool Coil Processing INC
—
Loan Modification
related
$500,000,000 · Bank Of America
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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