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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Retail space
State Rte 95, Butler, OH 44822
Entity Owned
10-yr Hold
Free & Clear
Property ID
US66-4370977
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Total area
13,414 SF
Lot
106.96 ac (4,659,178 SF)
APN
050-13-071-04-000
UPID
US66-4370977
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
$1.32M
Blend (final)
Blend
$1.21M
Owner & transaction history
Northern Lights Resort LLC · 10 yrs held
Northern Lights Resort LLC
since 2015
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+62.2%
Office building
$945,000
+16.0%
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 Butler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Butler 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
RETAIL STORES
$815,000
Current use
RESTAURANT
$1,320,000
Change: +62% · Conversion: Easy
OFFICE BUILDING
$945,000
Change: +16% · Conversion: Easy
MEDICAL BUILDING
$795,000
Change: -2% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$750,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$90 / 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
$15,507
Tax year 2023
Assessed value
$261,500
Assessed 2023
Previous assessed
$261,500
+0.0% YoY
Effective rate
5.93%
On assessed value
Assessed land
$133,160
Assessed improvement
$128,340
Land market value
$380,460
Improvement market value
$366,690
Total market value
$747,150
Applied tax rate
5,013.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Heating
FORCED AIR
Cooling
NONE
Buildings
4
Stories
1
Units
2
Total area
13,414 SF
Lot
106.96 ac (4,659,178 SF)
APN
050-13-071-04-000
UPID
US66-4370977
Jurisdiction
RICHLAND
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
RETAIL STORES Current
Est. value
$815,000
RESTAURANT
Est. value
$1.3M
OFFICE BUILDING
Est. value
$945,000
MEDICAL BUILDING
Est. value
$795,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$750,000
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1962
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
2
Lot
106.96 ac
Current owner
From public records · entity-resolved
Northern Lights Resort LLC
Entity
Free & Clear · 10 yrs held
Mailing address
126 W SEGO LILY DR STE #270, SANDY, UT 84070-3382
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2018
—
Northern Lights Resort
—
Deed
related
$4,486,782 · Cache Private Capital Diversifield Fund
Sep 1, 2015
$536,000
Northern Lights Resort LLC
Slater Run Land Development LLC
Sheriffs Deed
related
—
Aug 9, 2013
$1,800,000
Slater Run Land Development LLC
Resorts Incorporated
Warranty Deed
$2,452,500 · Cache Private Capital Diversified F
Mar 27, 2006
$750,000
James B Feibel
Marabeth W Letsche
Limited Warranty Deed
—
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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