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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Warehouses
Stearns Rd Fostoria, OH 44830
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-4170075
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Total area
6,000 SF
Lot
1.8 ac (78,408 SF)
APN
N53-312-2500-00-061.001
UPID
US66-4170075
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
$775k
CAP Approach
CAP
$855k
Comparable Approach
Comparable
$796k
Blend (final)
Blend
$775k
Owner & transaction history
Mep Property Management LLC · 2 yrs held
Mep Property Management LLC
since 2024
Last sale
$772,600
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+163.8%
Commercial (general)
$760,000
+62.6%
Auto repair, garage
$705,000
+51.0%
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 Fostoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fostoria 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
$775,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
$930,000
6.5%
$855,000
7%
$795,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$465,000
Current use
RESTAURANT
$1,230,000
Change: +164% · Conversion: Difficult
COMMERCIAL (GENERAL)
$760,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$705,000
Change: +51% · Conversion: Easy
INDUSTRIAL (GENERAL)
$620,000
Change: +33% · Conversion: Easy
RETAIL STORES
$600,000
Change: +29% · Conversion: Moderate
OFFICE BUILDING
$525,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $773k (Apr 1 2024)
Last sale anchor
$773k
Apr 1 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
$129 / 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
$11,699
Tax year 2023
Assessed value
$159,430
Assessed 2023
Previous assessed
$159,430
+0.0% YoY
Effective rate
7.34%
On assessed value
Assessed land
$13,230
Assessed improvement
$146,200
Land market value
$37,800
Improvement market value
$417,700
Total market value
$455,500
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
Buildings
2
Stories
1
Total area
6,000 SF
Lot
1.8 ac (78,408 SF)
APN
N53-312-2500-00-061.001
UPID
US66-4170075
Jurisdiction
WOOD
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
WAREHOUSE, STORAGE Current
Est. value
$465,000
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$705,000
INDUSTRIAL (GENERAL)
Est. value
$620,000
RETAIL STORES
Est. value
$600,000
OFFICE BUILDING
Est. value
$525,000
WAREHOUSE, STORAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
OFFICE 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
1998
Heating
NONE
Stories
1
Buildings
2
Lot
1.8 ac
Current owner
From public records · entity-resolved
Mep Property Management LLC
Entity
Mailing address
2664 COURTLY RD, FOSTORIA, OH 44830-1324
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2024
$772,600
Mep Property Management LLC
Eci LLC
Warranty Deed
$419,174 · Ecillc
Sep 24, 2013
$2,717
City Of Fostoria
Yonker,pamela S
Warranty Deed
—
Mar 13, 2013
—
E C I LLC
E C S II LLC
Quit Claim Deed
related
—
Dec 11, 2002
—
Ecs II LLC
Yonker,gregory R
Quit Claim Deed
related
—
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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