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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Retail space
89 Main St Lucas, OH 44843-9764
Individually Owned
Property ID
US66-1598348
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2016
Total area
9,409 SF
Lot
0.63 ac (27,269 SF)
APN
020-16-181-15-000
UPID
US66-1598348
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
$1.40M
Comparable Approach
Comparable
$925k
Blend (final)
Blend
$1.07M
Owner & transaction history
Ann Addison Tillman Separate Proper
Ann Addison Tillman Separate Proper
since 2026
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$925,000
+62.2%
Office building
$660,000
+16.0%
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 Lucas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lucas 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%
$1,515,000
6.5%
$1,400,000
7%
$1,300,000
Alternative Use
Use
Estimation
RESTAURANT
$925,000
Change: +62% · Conversion: Easy
OFFICE BUILDING
$660,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10% · vs last sale $1.07M (Feb 24 2026)
Last sale anchor
$1.07M
Feb 24 2026
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
$113 / 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
$10,023
Tax year 2023
Assessed value
$186,880
Assessed 2023
Previous assessed
$176,300
+6.0% YoY
Effective rate
5.36%
On assessed value
Assessed land
$4,340
Assessed improvement
$182,540
Land market value
$12,390
Improvement market value
$521,550
Total market value
$533,940
Applied tax rate
2,016.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2016
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
6
Bathrooms
1
Total area
9,409 SF
Lot
0.63 ac (27,269 SF)
APN
020-16-181-15-000
UPID
US66-1598348
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
RESTAURANT
Est. value
$925,000
OFFICE BUILDING
Est. value
$660,000
RESTAURANT
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
2016
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
6
Bathrooms
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Ann Addison Tillman Separate Proper
Individual
Mailing address
PO BOX 440, VERMILION, OH 44089-0440
Ownership since
2026
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
Feb 24, 2026
$1,065,000
Ann Addison Tillman Separate Proper
Sandusky Bay Company Ltd
Deed
—
Jun 20, 2018
$1,161,000
Sandusky Bay Comapany Ltd
Gkc Lucas LLC
Limited Warranty Deed
—
Mar 8, 2016
$200,000
Gkc Lucas LLC
Robert Louis Vail
Warranty Deed
$977,500 · Wesbanco Bank INC
Aug 17, 2007
—
Robert Louis Vail
Estate Of Alice L Vail
Certificate Of Transfer
—
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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