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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Warehouses
Callahan Rd South Vienna, OH 45369
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-4506674
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2015
Construction
METAL FRAME
Total area
11,200 SF
Lot
40.3 ac (1,755,468 SF)
Zoning code
A-1
APN
280-15-05872-103-031
UPID
US66-4506674
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
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.50M
Owner & transaction history
Matthew D Miller · 1 yrs held
Matthew D Miller
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
A-1 · South Vienna, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A-1 Agricultural District - Tracts of land in excess of 40 acres. The intent and purpose of this district is to preserve areas where soils and topographic conditions are best suited for the pursuit of agriculture use from encroachment of scattered urban type uses. This district is intended to ensure that land areas within Pike Township which are well suited…
Zone name
Agricultural District
General category
AGRICULTURAL
Zone area
35.70 ac
Top alternative use upside
Restaurant
$1.6M
+204.2%
Auto repair, garage
$965,000
+81.8%
Medical building
$965,000
+81.6%
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 South Vienna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Vienna 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
$1,500,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,615,000
Change: +204% · Conversion: Difficult
AUTO REPAIR, GARAGE
$965,000
Change: +82% · Conversion: Easy
MEDICAL BUILDING
$965,000
Change: +82% · Conversion: Difficult
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.50M (Oct 7 2024)
Last sale anchor
$1.50M
Oct 7 2024
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
$134 / 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
$6,395
Tax year 2023
Assessed value
$212,750
Assessed 2023
Previous assessed
$212,750
+0.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$89,770
Assessed improvement
$122,980
Land market value
$256,480
Improvement market value
$351,380
Total market value
$607,860
Applied tax rate
280.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2015
Construction
METAL FRAME
Heating
NONE
Stories
1
Total area
11,200 SF
Lot
40.3 ac (1,755,468 SF)
Zoning code
A-1
APN
280-15-05872-103-031
UPID
US66-4506674
Jurisdiction
CLARK
Zoning & alternative use
A-1 · South Vienna, OHZoning A-1 · permitted uses
A-1 · South Vienna, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A-1 Agricultural District - Tracts of land in excess of 40 acres. The intent and purpose of this district is to preserve areas where soils and topographic conditions are best suited for the pursuit of agriculture use from encroachment of scattered urban type uses. This district is intended to ensure that land areas within Pike Township which are well suited for the production of food and fiber are retained for such production, unimpeded by the establishment of incomparable uses which would hinder agricultural uses and inevitably deplete agricultural lands. The agricultural district is also established to prevent the conversion of prime agricultural land in scattered non-farm development which when unregulated, unnecessarily increases the cost of public services to all citizens and results in the premature disinvestment in agriculture.
Zone name
Agricultural District
General category
AGRICULTURAL
Zone area
35.70 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$965,000
MEDICAL BUILDING
Est. value
$965,000
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2015
Construction
METAL FRAME
Heating
NONE
Stories
1
Lot
40.3 ac
Current owner
From public records · entity-resolved
Matthew D Miller
Individual
Mailing address
4939 N HOUSTON PIKE, LONDON, OH 43140-9670
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2024
$1,500,000
Matthew D Miller
Clayton Chester
Survivorship Deed
$750,000 · Farm Credit Mid America Flca
Aug 23, 2021
—
Clayton M Chester
—
Deed
related
$709,000 · Merchants National Bank
Jun 24, 2020
—
Clayton M Chester
—
Deed
related
$576,500 · Merchants National Bank
May 12, 2017
—
Clayton Chester
—
Deed
related
$175,000 · Farm Credit Svcs
—
—
Chester,clayton
—
Deed Of Trust
related
$100,000 · Security Nat'l Bk
—
—
Clayton Chester
—
Deed Of Trust
related
$46,420 · Farm Credit Svcs
—
—
Clayton Chester
—
Deed Of Trust
related
$175,000 · Farm Credit Svcs
—
—
Clayton Chester
—
Deed Of Trust
related
$100,000 · Security National Bank
—
—
Clayton Chester
—
Deed Of Trust
related
$50,000 · Security National Bank
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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