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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office buildings
991 Commerce Dr Perrysburg, OH 43551-5228
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0296624
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
3,180 SF
Lot
0.45 ac (19,470 SF)
APN
Q61-400-0703-01-013.007
UPID
US66-0296624
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
-
Sulphur Springs Realty Real Estate Agency
-
Linda Blackburn, Sulphur Springs Realty, Inc Real Estate Agency
-
J.J. Kosmider, Howard Hanna Real Estate Agency
-
Well Balanced Chiropractic Alternative Medicine Practice
-
Pilz Pamela Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$522k
Blend (final)
Blend
$510k
Owner & transaction history
Gzb Holdings LLC · 4 yrs held
Gzb Holdings LLC
since 2022
Last sale
$441,553
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$400,000
+7.7%
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 Perrysburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Perrysburg 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
$605,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$580,000
7%
$535,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$375,000
Current use
COMMERCIAL (GENERAL)
$400,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$375,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$320,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $442k (Mar 30 2022)
Last sale anchor
$442k
Mar 30 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
$160 / 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
$10,416
Tax year 2023
Assessed value
$147,950
Assessed 2023
Previous assessed
$106,680
+38.7% YoY
Effective rate
7.04%
On assessed value
Assessed land
$34,090
Assessed improvement
$113,860
Land market value
$97,400
Improvement market value
$325,300
Total market value
$422,700
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
Off-Market
Year built
1988
Heating
NONE
Stories
1
Total area
3,180 SF
Lot
0.45 ac (19,470 SF)
APN
Q61-400-0703-01-013.007
UPID
US66-0296624
Jurisdiction
WOOD
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
$375,000
COMMERCIAL (GENERAL)
Est. value
$400,000
AUTO REPAIR, GARAGE
Est. value
$375,000
RETAIL STORES
Est. value
$320,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1988
Heating
NONE
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Gzb Holdings LLC
Entity
Mailing address
1021 SANDUSKY ST, PERRYSBURG, OH 43551-3120
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
Mar 30, 2022
$441,600
Gzb Holdings LLC
Sulphur LLC
Warranty Deed
$382,500 · Waterford Bank NA
Jul 6, 2006
—
Sulphur LLC
Miller,michael G
Quit Claim Deed
related
—
Nov 14, 2001
$340,000
Miller,michael G
Root Robert C
Warranty Deed
$303,000 · Fifth Third Bk/nthrn
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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