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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Theaters & concert halls
911 Main St Troy, OH 45373
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1251618
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1927
Total area
8,360 SF
Lot
0.14 ac (6,316 SF)
APN
D08-001020
UPID
US66-1251618
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
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Patch Place 1 LLC · 2 yrs held
Patch Place 1 LLC
since 2023
Last sale
$550,000
4 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 Troy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troy 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
$490,000
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$760,000
Change: 0% · Conversion: Difficult
RESTAURANT
$750,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$700,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$650,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$635,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$500,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $550k (Aug 4 2022)
Last sale anchor
$550k
Aug 4 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
$63 / 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
$7,587
Tax year 2023
Assessed value
$131,010
Assessed 2023
Previous assessed
$131,010
+0.0% YoY
Effective rate
5.79%
On assessed value
Assessed land
$20,510
Assessed improvement
$110,500
Land market value
$58,600
Improvement market value
$315,700
Total market value
$374,300
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1927
Heating
YES
Cooling
YES
Stories
1
Total area
8,360 SF
Lot
0.14 ac (6,316 SF)
APN
D08-001020
UPID
US66-1251618
Jurisdiction
MIAMI
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
COMMERCIAL (GENERAL)
Est. value
$760,000
RESTAURANT
Est. value
$750,000
OFFICE BUILDING
Est. value
$700,000
RETAIL STORES
Est. value
$650,000
MEDICAL BUILDING
Est. value
$635,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$500,000
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1927
Heating
YES
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Patch Place 1 LLC
Entity
Mailing address
911 W MAIN ST, TROY, OH 45373
Ownership since
2023
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
Sep 6, 2023
$350,000
Patch Place 1 LLC
Adm Real Estate Holdings LLC
Warranty Deed
$250,000 · Park National Bank
May 12, 2023
—
Busted Brick Realty Group LLC
—
Deed
related
$1,665,000 · Minster Bank
Aug 4, 2022
$550,000
Busted Brick Realty Group LLC
Periphery Ventures LLC
Warranty Deed
$412,500 · Minster Bank
Jul 27, 2012
$137,000
Periphery Ventures LLC
Teicher Enterprises INC
Redemption Deed
related
$78,500 · Day Air Credit Union
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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