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Property profile & analytics
OFF-MARKET
Commercial land
Tytus Ave, Middletown, OH 45042
Individually Owned
~
Est. High Equity
Property ID
US66-0058767
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1972
Lot
0.25 ac (10,800 SF)
APN
Q6511-044.000-045
UPID
US66-0058767
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vijai A Thankaraj
Vijai A Thankaraj
since 2025
Last sale
$254,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$306
Tax year 2023
Assessed value
$5,100
Assessed 2023
Previous assessed
$5,100
+0.0% YoY
Effective rate
6.00%
On assessed value
Assessed land
$5,100
Land market value
$14,580
Total market value
$14,580
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1972
Heating
NONE
Lot
0.25 ac (10,800 SF)
APN
Q6511-044.000-045
UPID
US66-0058767
Jurisdiction
BUTLER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Lot
0.25 ac
Current owner
From public records · entity-resolved
Vijai A Thankaraj
Individual
Mailing address
5275 OXFORD MIDDLETOWN RD, MIDDLETOWN, OH 45042-9561
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
31 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2025
$254,000
Vijai A Thankaraj
Lawerence E Trent
Warranty Deed
$190,500 · Union Savings Bank
Aug 12, 2025
$80,000
Jmml Properties LLC
Timothy Ball
Warranty Deed
—
May 20, 2025
—
Jbsatch Investments LLC
—
Deed
related
$100,000 · Valley Central Bank
Mar 7, 2025
$75,000
Millennium Properties & Constructio
Blue Matrix Rental Property LLC
Warranty Deed
—
Jul 1, 2024
$388,000
Jeff A Faulkner
Lcf Construction LLC
Warranty Deed
—
Apr 17, 2024
—
Nazar Alshok
—
Deed
related
$170,250 · United Wholesale Mortgage
Nov 9, 2023
$320,000
Lcf Construction LLC
Sal INC
Warranty Deed
$230,000 · 4000 Tvtus Ave Personal Property Tr
Oct 28, 2022
$7,500
Ramat Redevelopment Group LLC
Barbara Park Realty Company
Warranty Deed
—
Jul 20, 2022
$240,000
Jkc Real Estate Holdings LLC
Midna LLC
Warranty Deed
$182,200 · Vontive INC
Jul 13, 2022
—
1750 Verity LLC
—
Deed
related
$2,500,000 · Forcht Bank NA
Jul 12, 2022
—
1750 Verity LLC
Robinson Carr Properties INC
Warranty Deed
—
Jun 30, 2021
—
Safe Skies Aviation LLC
—
Deed
related
$151,900 · Farmers & Mechanics Bank
Jan 21, 2021
—
Larry D Robinson
Certified Real Estate INC
Grant Deed
—
Apr 10, 2020
—
Jbsatch INC
—
Deed
related
$195,000 · Valley Central Bank
Feb 13, 2020
—
James R Warman
Donna M Warman
Quitclaim Deed
related
—
Sep 4, 2019
$150,000
Safe Skies Aviation LLC
Jm Midwest Properties LLC
Warranty Deed
$120,000 · Farmers & Merchants Nat'l Bk
Feb 15, 2019
$5,000
Blue Matrix Rental Prop LLC
Hope House Rescue Mission INC
Warranty Deed
—
Oct 11, 2018
—
Mark W Minor
City Of Middletown Oh
Quitclaim Deed
—
Jul 20, 2018
—
Jo & Am Properties LLC
City Of Middletown Oh
Quitclaim Deed
related
—
Dec 7, 2017
$135,000
Bryon Russell Mccracken
Epg Properties Ltd
Warranty Deed
$101,250 · Jpmorgan Chase Bank NA
Jul 27, 2017
$60,000
Jbsatch Investments LLC
R Michael Sorrell
Warranty Deed
$48,000 · American Savings Bank
Jul 27, 2017
—
Jbsatch Investments LLC
Sorrell,r M
Deed
related
—
Dec 9, 2016
—
S A L INC
—
Deed
related
$141,275 · First Financial Bank NA
Sep 1, 2016
—
Donald D Hartbarger
Hart Of Land Co INC
Quitclaim Deed
—
Aug 4, 2016
—
S A L INC
—
Deed
related
$141,275 · First Financial Bank NA
Jul 12, 2016
—
Peterson Land Holdings LLC
Peterson,richard P & David A
Quitclaim Deed
—
Sep 4, 2014
—
Hope House Of Middletown
Harp Holdings LLC
Grant Deed
—
Jun 12, 2007
$400,000
Harp Holdings LLC
Zampano Management LLC
Warranty Deed
$320,000 · Fifth Third Bank
Feb 7, 2006
$70,000
Zampano Management LLC
4104 Tytus Ave Middletown Oh L
Grant Deed
—
May 20, 1999
—
Tig Ltd
Converters Gravure Cylinder
Grant Deed
$10,000 · Harris Trust & Savings Bank
—
—
Tig Ltd
—
Deed Of Trust
related
$912,000 · First Credit Commercial Capita
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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