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Property profile & analytics
OFF-MARKET
Estimated value
$2,375,000
Warehouses
Middletown Rd Salem, OH 44460
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-0821333
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Total area
44,900 SF
Lot
36.35 ac (1,583,580 SF)
APN
13-037-0-005.00-0
UPID
US66-0821333
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.43M
Blend (final)
Blend
$2.38M
Owner & transaction history
Jonathon Brown · 1 yrs held
Jonathon Brown
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.5M
+158.9%
Office building
$3.3M
+145.0%
Retail stores
$1.9M
+39.5%
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 Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem 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
AUTO REPAIR, GARAGE
$3,510,000
Change: +159% · Conversion: Easy
OFFICE BUILDING
$3,320,000
Change: +145% · Conversion: Difficult
RETAIL STORES
$1,890,000
Change: +40% · Conversion: Moderate
Blend value · Realmo final
$2.38M
Range $2.14M – $2.61M · ±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
$53 / 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
$19,994
Tax year 2023
Assessed value
$437,170
Assessed 2023
Previous assessed
$447,750
-2.4% YoY
Effective rate
4.57%
On assessed value
Assessed land
$46,920
Assessed improvement
$390,250
Land market value
$134,070
Improvement market value
$1,115,010
Total market value
$1,249,080
Applied tax rate
13.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
NONE
Stories
1
Total area
44,900 SF
Lot
36.35 ac (1,583,580 SF)
APN
13-037-0-005.00-0
UPID
US66-0821333
Jurisdiction
MAHONING
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
AUTO REPAIR, GARAGE
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.3M
RETAIL STORES
Est. value
$1.9M
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1998
Heating
NONE
Stories
1
Lot
36.35 ac
Current owner
From public records · entity-resolved
Jonathon Brown
Individual
Free & Clear · 1 yrs held
Mailing address
4544 HINCKLEY INDUSTRIAL PKWY, CLEVELAND, OH 44109-6010
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2025
—
John M Jasinski JR
—
Deed
related
$610,000 · Guaranteed Rate INC
Dec 27, 2024
$200,000
Jonathon Brown
Larry Larew
Warranty Deed
—
Apr 15, 2024
—
Andrew Frantz
Sandra L Frantz
Deed
related
—
Feb 2, 2024
—
Sandra L Frantz
Estate Of Damon Allen Frantz
Deed
—
Mar 31, 2023
—
4528 Hinckton LLC
—
Deed
related
$964,000 · First National Bank Of Pennsylvania
Sep 23, 2022
—
Tegridy Investments LLC
—
Deed
related
$180,000 · Premier Bank
Jul 26, 2021
—
Ruthrauff Land Management LLC
—
Deed
related
$1,750,000 · Wayne Savings Community 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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