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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Strip malls
9501 Us Hwy 250th N Milan, OH 44846-9377
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-1737601
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
STEEL FRAME
Total area
11,185 SF
Lot
1.87 ac (81,496 SF)
APN
52-00018-001
UPID
US66-1737601
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
-
Invicta Resolutions Advertising Agency Marketing & Advertising
-
Olde Towne Remodeling & Restoration General Contractor
-
SouthernCare - Milan Nursing Home
-
Avoca Properties Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$780k
Owner & transaction history
Olde Towne Plaza LLC · 3 yrs held
Olde Towne Plaza LLC
since 2023
Last sale
$580,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+220.9%
Restaurant
$1.1M
+203.6%
Office building
$1.1M
+193.3%
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 Milan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milan 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,210,000
Change: +221% · Conversion: Easy
RESTAURANT
$1,145,000
Change: +204% · Conversion: Difficult
OFFICE BUILDING
$1,105,000
Change: +193% · Conversion: Moderate
AUTO REPAIR, GARAGE
$985,000
Change: +162% · Conversion: Difficult
MEDICAL BUILDING
$950,000
Change: +152% · Conversion: Difficult
RETAIL STORES
$875,000
Change: +132% · Conversion: Easy
WAREHOUSE, STORAGE
$615,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $580k (Mar 2 2023)
Last sale anchor
$580k
Mar 2 2023
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
$70 / 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
$12,143
Tax year 2023
Assessed value
$204,123
Assessed 2023
Previous assessed
$204,123
+0.0% YoY
Effective rate
5.95%
On assessed value
Assessed land
$22,610
Assessed improvement
$181,513
Land market value
$64,600
Improvement market value
$518,610
Total market value
$583,210
Applied tax rate
52.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Stories
1
Total area
11,185 SF
Lot
1.87 ac (81,496 SF)
APN
52-00018-001
UPID
US66-1737601
Jurisdiction
ERIE
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
$1.2M
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$985,000
MEDICAL BUILDING
Est. value
$950,000
RETAIL STORES
Est. value
$875,000
WAREHOUSE, STORAGE
Est. value
$615,000
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
2004
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
Olde Towne Plaza LLC
Entity
Free & Clear · 3 yrs held
Mailing address
9501 US HWY 250TH 3RD N STE #3, MILAN, OH 44846-9377
Mailing matches property
Yes
Owner-occupied
Yes
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
Mar 2, 2023
—
Olde Towne Plaza LLC
Hargan LLC
Quit Claim Deed
related
—
Jul 31, 2020
$580,000
Hargan LLC
Aishing LLC
Warranty Deed
$580,000 · Civista Bank
Nov 30, 2017
$570,000
Aisling LLC
Swinker Ventures LLC
Warranty Deed
$456,000 · Civista Bank
Jul 2, 2004
$151,500
Swinker Ventures LLC
Gfell,donald L
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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