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Property profile & analytics
FOR LEASE
Office buildings
9797 Springboro Pike Miamisburg, OH 45342
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-1927028
For Lease
1 / 2
$12,720,000
9797 Springboro Pike, Miamisburg, OH 45342
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1976
Total area
214,266 SF
Lot
47.41 ac (2,065,005 SF)
APN
K45 02606 0020
UPID
US66-1927028
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
-
Met Life Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.02M
Blend (final)
Blend
$12.72M
Owner & transaction history
Wim Core Portfolio Owner LLC · 8 yrs held
Wim Core Portfolio Owner LLC
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.9M
+5.8%
Apartment house (5+ units)
$13.2M
+0.2%
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 Miamisburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Miamisburg 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
OFFICE BUILDING
$13,155,000
Current use
AUTO REPAIR, GARAGE
$13,910,000
Change: +6% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,175,000
Change: +0% · Conversion: Easy
RETAIL STORES
$13,010,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$12.72M
Range $11.45M – $13.99M · ±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
$59 / 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
$379,707
Tax year 2023
Assessed value
$4,236,150
Assessed 2023
Previous assessed
$4,236,150
+0.0% YoY
Effective rate
8.96%
On assessed value
Assessed land
$944,750
Assessed improvement
$3,291,400
Land market value
$2,699,280
Improvement market value
$9,404,000
Total market value
$12,103,280
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 buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1976
Heating
YES
Cooling
NONE
Stories
4
Total area
214,266 SF
Lot
47.41 ac (2,065,005 SF)
APN
K45 02606 0020
UPID
US66-1927028
Jurisdiction
MONTGOMERY
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
OFFICE BUILDING Current
Est. value
$13.2M
AUTO REPAIR, GARAGE
Est. value
$13.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.2M
RETAIL STORES
Est. value
$13.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1976
Heating
YES
Cooling
Yes
Stories
4
Lot
47.41 ac
Current owner
From public records · entity-resolved
Wim Core Portfolio Owner LLC
Entity
Mailing address
PO BOX 130639, CARLSBAD, CA 92013-0639
Ownership since
2017
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
Jan 15, 2020
—
Wim Core Portfolio Owner LLC
—
Deed
related
$925,000,000 · Jp Morgan Chase Bk
Sep 6, 2017
$36,518,400
Wim Core Portfolio Owner LLC
Mloh001 LLC
Trustees Deed
$800,000,000 · Jp Morgan Chase Bk
Jan 12, 2016
$31,124,900
Mloh001 LLC
Metropolitan Life Ins Co
Grant Deed
$136,500 · Wells Fargo Bk
—
—
Wim Core Portfolio Owner LLC
—
Deed Of Trust
related
$925,000,000 · Jp Morgan Chase Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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