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Property profile & analytics
OFF-MARKET
Estimated value
$2,080,000
Commercial real estate
8885 Browning Dr Waterville, OH 43566-9701
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2531720
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1983
Total area
39,981 SF
Lot
5.5 ac (239,580 SF)
Zoning code
39-SUP
APN
96-53724
UPID
US66-2531720
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
-
Ayden Healthcare of Waterville Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.08M
Owner & transaction history
8885 Browning Propco LLC · 4 yrs held
8885 Browning Propco LLC
since 2022
Last sale
$2.1M
4 recorded transactions
Zoning & alternative use
39-SUP · Waterville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.2M
+25.7%
Auto repair, garage
$2.9M
+13.5%
Retail stores
$2.8M
+9.6%
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 Waterville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterville 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
$2,095,000
ML approach
$2,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,580,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,240,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,925,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$2,825,000
Change: +10% · Conversion: Easy
OFFICE BUILDING
$2,565,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$2.08M
Range $1.87M – $2.29M · ±10% · vs last sale $2.06M (Jan 25 2022)
Last sale anchor
$2.06M
Jan 25 2022
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
$52 / 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
$52,586
Tax year 2023
Assessed value
$719,740
Assessed 2023
Previous assessed
$719,740
+0.0% YoY
Effective rate
7.31%
On assessed value
Assessed land
$52,535
Assessed improvement
$667,205
Land market value
$150,100
Improvement market value
$1,906,300
Total market value
$2,056,400
Applied tax rate
96.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1983
Heating
NONE
Stories
1
Units
72
Total area
39,981 SF
Lot
5.5 ac (239,580 SF)
Zoning code
39-SUP
APN
96-53724
UPID
US66-2531720
Jurisdiction
LUCAS
Zoning & alternative use
39-SUP · Waterville, OH
Zoning 39-SUP · permitted uses
39-SUP · Waterville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waterville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.9M
RETAIL STORES
Est. value
$2.8M
OFFICE BUILDING
Est. value
$2.6M
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
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
1983
Heating
NONE
Stories
1
Units
72
Lot
5.5 ac
Current owner
From public records · entity-resolved
8885 Browning Propco LLC
Entity
Mailing address
34 LORD AVE, LAWRENCE, NY 11559-1324
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2022
$2,063,900
8885 Browning Propco LLC
Waterville Snf Realty LLC
Limited Warranty Deed
$15,000,000 · White Oak Healthcare Finance LLC
Jan 3, 2019
$2,002,100
Waterville Snf Realty LLC
Meerkat Trs LLC
Grant Deed
—
Aug 8, 2018
—
Meerkat LLC Tr
Well Pm Properties LLC
Grant Deed
—
Jan 3, 2008
—
Hcra Properties I LLC
Health Care & Retirement Corp/
Grant Deed
—
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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