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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Office Spaces
909 2nd St Franklin, OH 45005-1700
Individually Owned
18-yr Hold
Free & Clear
Property ID
US66-2556186
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1998
Construction
BRICK
Total area
4,554 SF
Lot
0.59 ac (25,750 SF)
APN
04-26-327-013-0
UPID
US66-2556186
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
-
Dr. Sarah Haas Dental Office
-
Richard Chamberlain, DO Pediatrician Physician
-
Cynthia Renfrow Physician
-
Josephine Elrod, DO Pediatrician Physician
-
Shannon Burkhart Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$885k
Comparable Approach
Comparable
$830k
Blend (final)
Blend
$850k
Owner & transaction history
Franklin Second Street Ptrs Ll · 18 yrs held
Franklin Second Street Ptrs Ll
since 2008
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+117.7%
Office building
$785,000
+55.4%
Retail stores
$655,000
+29.5%
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 Franklin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin 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%
$960,000
6.5%
$885,000
7%
$820,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,105,000
Change: +118% · Conversion: Difficult
OFFICE BUILDING
$785,000
Change: +55% · Conversion: Easy
RETAIL STORES
$655,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$850k
Range $765k – $935k · ±10%
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
$187 / 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
$26,578
Tax year 2023
Assessed value
$429,240
Assessed 2023
Previous assessed
$429,240
+0.0% YoY
Effective rate
6.19%
On assessed value
Assessed land
$54,075
Assessed improvement
$375,165
Land market value
$154,500
Improvement market value
$1,071,900
Total market value
$1,226,400
Applied tax rate
21.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1998
Construction
BRICK
Heating
YES
Stories
2
Bathrooms
1
Total area
4,554 SF
Lot
0.59 ac (25,750 SF)
APN
04-26-327-013-0
UPID
US66-2556186
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
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$785,000
RETAIL STORES
Est. value
$655,000
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
1998
Construction
BRICK
Heating
YES
Stories
2
Bathrooms
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Franklin Second Street Ptrs Ll
Individual
Free & Clear · 18 yrs held
Mailing address
600 MOUND CT, LEBANON, OH 45036-1994
Ownership since
2008
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
Oct 20, 2023
—
Franklin Second Street Partners LLC
—
Deed
related
$300,000 · Lcnb National Bank
May 1, 2008
—
Franklin Second Street Ptrs Ll
Haas,d Robert & Karen E
Grant Deed
—
Sep 20, 2001
—
Haas D R
—
Deed Of Trust
related
$1,480,000 · Lebanon Citizens National Bank
Sep 13, 2001
—
Haas D R
—
Deed Of Trust
related
$1,602,000 · Lebanon Citizens National Bank
Mar 10, 1998
$68,000
Haas,d R & Karen E
Little,charles R
Grant Deed
$1,480,000 · Lebanon Citizens National Bank
Mar 10, 1998
$85,000
Haas,d R & Karen E
Harowski,nick
Trustees 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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