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    Property profile & analytics

    Mount Vernon, OH 43050

    • Office properties & Spaces
    • 29,669 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    $3,180,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2732434
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for Mount

    Year built
    1930
    Lot size
    2.00 lot acres
    Property size
    29,669 SF
    Property type
    Office properties & Spaces
    APN
    66-02380.999
    APU
    6602380999

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,181,000
      Market price range: $1.42M - $4.76M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,180,000
      Current use
      COMMERCIAL (GENERAL)
      $2,790,000
      Change: -12% Conversion: Easy
      RESTAURANT
      $2,665,000
      Change: -16% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vernon
    County
    Knox
    State
    Ohio
    Longitude
    -82.4853
    Latitude
    40.3915
    CBSA code
    34540
    CBSA name
    MOUNT VERNON, OH MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      736 SF

      10 Gambier St

      CONDOMINIUM OFFICES • 736 SF
      10 Gambier St, Mount Vernon, OH 43050-3316
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    • Value Estimation by Request
      781 SF

      202 Main St

      CONDOMINIUM OFFICES • 781 SF
      202 Main St, Mount Vernon, OH 43050-3304
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    • Value Estimation by Request
      2,578 SF

      809 Coshocton Ave

      CONDOMINIUM OFFICES • 2,578 SF
      809 Coshocton Ave, Mount Vernon, OH 43050-1900
      View Details
    • Value Estimation by Request
      1,452 SF

      1330 Coshocton Ave, Unit 2

      CONDOMINIUM OFFICES • 1,452 SF
      1330 Coshocton Ave, Mount Vernon, OH 43050-1440
      View Details
    • Value Estimation by Request
      3,638 SF

      1684 Venture Dr

      CONDOMINIUM OFFICES • 3,638 SF
      1684 Venture Dr, Mount Vernon, OH 43050-8950
      View Details
    • Value Estimation by Request
      1,400 SF

      1451 Yauger Rd Ste 1h

      CONDOMINIUM OFFICES • 1,400 SF
      1451 Yauger Rd Ste 1h, Mount Vernon, OH 43050-7902
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Versatile Industrial Building in Mt. Vernon

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    • $1,100,000
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      Mount Vernon Commercial Property

      Restaurant/Storefront, High-Traffic Area
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    • $282,500

      Mount Vernon Business Lot - $282,500

      Prime Knox County commercial lot, ideal for development.
      0 Lot C Upper Gilchrist Rd, Mount Vernon, OH 43050
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    • $5,000,000

      Prime Mount Vernon Land - 106 Acres

      Exceptional development opportunity, utilities available.
      8712 Martinsburg Rd, Mount Vernon, OH 43050
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    • New
      $155,808
      Pending

      Mount Vernon Buildable Homesite Land

      19.47 acres of land suitable for a rural homesite.
      unit Tract 1 Dunham Rd, Mount Vernon, OH 43050
      View Details
    • New
      $140,000
      Pending

      Mount Vernon Land Auction

      17.5 acre potential homesite offered at auction.
      unit Tract 5 Dunham Rd, Mount Vernon, OH 43050
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      9,870 SF

      Mount Vernon Retail/Office Space

      Prime 1,131 SF Office Suite Available
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    • Contact for pricing
      3,500 SF

      Mount Vernon Office Space Available

      3,500 SF office space in a high-traffic retail corridor.
      1485 Coshocton Ave, Mount Vernon, OH 43050
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    • $3 SF/Yr

      Mount Vernon Industrial Facility For Rent

      97,000 SF industrial space with cranes and office.
      105 N Sandusky St, Mount Vernon, OH 43050
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    • Contact for pricing

      Mount Vernon Office/Retail Space

      Office/retail space in a high-visibility location with ample parking.
      1650 Coshocton Ave, Mount Vernon, OH 43050
      View Details
    • $301 /Mo
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      Mount Vernon Industrial Flex Space

      2,870 SF Flex Space, 5 Acres
      8684 Columbus Rd, Mount Vernon, OH 43050
      View Details
    • $2,432 /Mo
      5,920 SF

      Prime Mount Vernon Commercial Garage

      5,920 sq ft warehouse, 50 parking spaces
      800 Sandusky St, Mount Vernon, OH 43050
      View Details
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    Vernon, OH 43050
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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