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Property profile & analytics
FOR LEASE
Retail space
8990 Duke Blvd Mason, OH 45040
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-0123530
For Lease
1 / 2
Contact for pricing
8990 Duke Blvd, Mason, OH 45040
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Construction
CONCRETE
Total area
40,957 SF
Lot
5.38 ac (234,396 SF)
APN
16-27-400-013-0
UPID
US66-0123530
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
-
EVERSANA Corporate Office
-
Erx Network Anthem Healthcare Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.67M
CAP Approach
CAP
$6.16M
Comparable Approach
Comparable
$7.09M
Blend (final)
Blend
$7.96M
Owner & transaction history
Galaxy Oh LP · 3 yrs held
Galaxy Oh LP
since 2022
Last sale
$8.0M
3 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 Mason submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mason 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
$8,050,000
ML approach
$8,665,000
CAP Approach
CAP Return
Estimation
6%
$6,665,000
6.5%
$6,155,000
7%
$5,715,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,145,000
Current use
AUTO REPAIR, GARAGE
$9,920,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$7.96M
Range $7.16M – $8.76M · ±10% · vs last sale $8.00M (Sep 8 2022)
Last sale anchor
$8.00M
Sep 8 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
$194 / 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
$221,688
Tax year 2023
Assessed value
$3,092,859
Assessed 2023
Previous assessed
$3,092,859
+0.0% YoY
Effective rate
7.17%
On assessed value
Assessed land
$254,254
Assessed improvement
$2,838,605
Land market value
$726,440
Improvement market value
$8,110,300
Total market value
$8,836,740
Applied tax rate
8.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1997
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
40,957 SF
Lot
5.38 ac (234,396 SF)
APN
16-27-400-013-0
UPID
US66-0123530
Jurisdiction
WARREN
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
RETAIL STORES Current
Est. value
$11.1M
AUTO REPAIR, GARAGE
Est. value
$9.9M
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1997
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
5.38 ac
Current owner
From public records · entity-resolved
Galaxy Oh LP
Entity
Mailing address
700 DRESHER RD STE #150, HORSHAM, PA 19044-0138
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2024
—
Galaxy Rut LLC
—
Deed
related
—
Sep 8, 2022
$8,000,000
Galaxy Oh LP
Gc Net Lease Mason Duke Investors L
Limited Warranty Deed
$10,000 · Jpmorgan Chase Bank NA
Mar 21, 2005
$1,160,000
Wells Governors Pointe 8990 D
Realty Ohio Duke
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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