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Property profile & analytics
OFF-MARKET
Garden apartment buildings
885 Heather Ct 891, Vandalia, OH 45377-1619
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2338021
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1976
Construction
WOOD
Total area
3,528 SF
Lot
0.32 ac (13,939 SF)
APN
B02 00813 0001
UPID
US66-2338021
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Clarence H Washington III · 1 yrs held
Clarence H Washington III
since 2024
Last sale
$360,000
6 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 Vandalia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vandalia 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,900
Tax year 2023
Assessed value
$96,360
Assessed 2023
Previous assessed
$77,090
+25.0% YoY
Effective rate
7.16%
On assessed value
Assessed land
$12,600
Assessed improvement
$83,760
Land market value
$36,000
Improvement market value
$239,320
Total market value
$275,320
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1976
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Units
4
Rooms
16
Bathrooms
4
Total area
3,528 SF
Lot
0.32 ac (13,939 SF)
APN
B02 00813 0001
UPID
US66-2338021
Jurisdiction
MONTGOMERY
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
1976
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Units
4
Rooms
16
Bathrooms
4
Lot
0.32 ac
Current owner
From public records · entity-resolved
Clarence H Washington III
Individual
Mailing address
885 HEATHER CT, VANDALIA, OH 45377-1619
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2024
—
Clarence H Washington III
Clarence H Washington III
Warranty Deed
related
—
May 3, 2024
$360,000
Clarence H Washington III
Levi R Fry
Warranty Deed
$270,000 · First Financial Bank
Aug 19, 2021
—
Levi R Fry
—
Deed
related
$224,944 · Gsf Mortgage Corp
Nov 1, 2019
—
Levi R Fry
—
Deed
related
$227,130 · Gsf Mortgage Corp
Aug 10, 2018
$225,400
Levi R Fry
Earmel D Smith
Warranty Deed
$230,246 · Gsf Mortgage Corp
Mar 4, 2015
$179,000
Earmel D Smith
Sellers Warren A
Grant Deed
$134,250 · Huntington Nat'l Bk/wv
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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