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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Apartment buildings
Milford Ave Marysville, OH 43040
Entity Owned
9-yr Hold
Free & Clear
Property ID
US66-3601315
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Total area
18,167 SF
Lot
19.43 ac (846,284 SF)
APN
29-0019122.0000
UPID
US66-3601315
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
$1.55M
Blend (final)
Blend
$1.66M
Owner & transaction history
Milford Marysville Two LLC · 9 yrs held
Milford Marysville Two LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+32.8%
Office building
$2.4M
+27.1%
Restaurant
$2.1M
+13.3%
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 Marysville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marysville 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
APARTMENT HOUSE (5+ UNITS)
$1,860,000
Current use
COMMERCIAL (GENERAL)
$2,465,000
Change: +33% · Conversion: Moderate
OFFICE BUILDING
$2,360,000
Change: +27% · Conversion: Moderate
RESTAURANT
$2,105,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±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
$91 / 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
$87,171
Tax year 2023
Assessed value
$1,171,900
Assessed 2023
Previous assessed
$1,171,900
+0.0% YoY
Effective rate
7.44%
On assessed value
Assessed land
$200,470
Assessed improvement
$971,430
Land market value
$572,780
Improvement market value
$2,775,500
Total market value
$3,348,280
Applied tax rate
29.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2018
Heating
CENTRAL
Cooling
CENTRAL
Buildings
9
Stories
1
Rooms
7
Bathrooms
1
Total area
18,167 SF
Lot
19.43 ac (846,284 SF)
APN
29-0019122.0000
UPID
US66-3601315
Jurisdiction
UNION
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
RESTAURANT
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
2018
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
9
Rooms
7
Bathrooms
1
Lot
19.43 ac
Current owner
From public records · entity-resolved
Milford Marysville Two LLC
Entity
Free & Clear · 9 yrs held
Mailing address
7007 E PLEASANT VLY RD, INDEPENDENCE, OH 44131-5543
Ownership since
2016
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
Sep 19, 2017
—
Milford Marysville Two LLC
—
Grant Deed
related
$6,604,242 · First Cmnwlt Bk
Sep 29, 2016
$100,000
Milford Marysville Two LLC
Schulze,dennis A
Warranty Deed
—
Aug 2, 2013
$327,325
Milford Marysville LLC
Schulze,dennis A
Grant Deed
—
Jun 26, 2009
—
Schulze,dennis A Tr
Milford View 31a Trust
Quit Claim Deed
related
—
Jun 2, 2006
—
Liberty Buy Real Estate INC
Milford View 31a Trust
Warranty Deed
—
Nov 8, 2005
$374,600
Milford View 31a Trust
Roger C Perry
Warranty Deed
$375,000 · Liberty Buy Real Estate INC
—
—
Milford Marysville LLC
—
Deed Of Trust
related
$6,960,000 · 1st Commonwealth Bk/va
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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