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Property profile & analytics
FOR LEASE
Turn key restaurants
S Verity Pkwy Middletown, OH 45044
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-1114819
For Lease
1 / 2
Contact for pricing
S Verity Pkwy, Middletown, OH 45044
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Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Lot
0.08 ac (3,347 SF)
APN
Q6511-030.000-021
UPID
US66-1114819
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
Midd Cities I LLC · 1 yrs held
Midd Cities I LLC
since 2025
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
$93
Tax year 2023
Assessed value
$1,550
Assessed 2023
Previous assessed
$1,550
+0.0% YoY
Effective rate
6.00%
On assessed value
Assessed land
$1,320
Assessed improvement
$230
Land market value
$3,780
Improvement market value
$650
Total market value
$4,430
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Heating
NONE
Lot
0.08 ac (3,347 SF)
APN
Q6511-030.000-021
UPID
US66-1114819
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
Heating
NONE
Lot
0.08 ac
Current owner
From public records · entity-resolved
Midd Cities I LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4806 WESTLAKE DR, GARLAND, TX 75043-6472
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
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2025
—
Midd Cities I LLC
Midd Cities Partners LLC
Deed
—
May 25, 2023
—
Donson Group LLC
Daniel Larios
Warranty Deed
—
Feb 8, 2023
$47,500
Equity Trust Company
Susan E Egelston
Deed
—
Aug 11, 2022
$550,000
Zann Real Estate Group LLC
Charles P Sorrell
Warranty Deed
—
Apr 13, 2022
—
Alpha Homez LLC
—
Deed
related
$181,500 · Us Bank NA
Dec 3, 2021
$95,000
West Five Village Properties LLC
Edwin P Morrow
Warranty Deed
—
Dec 2, 2021
—
Roger Glen Johnson
Roger G Johnson
Deed
related
—
Nov 29, 2021
—
Roger Johnson
Roger Glen Johnson
Deed
related
—
Oct 1, 2021
—
Cb South Verity Properties LLC
—
Deed
related
$1,700,000 · Pnc Bank NA
Dec 29, 2020
—
Cb South Verity Props LLC
—
Deed
related
$1,700,000 · Pnc Bk
May 30, 2019
$70,100
Loren Real Estate LLC
Sheriff Of Butler County|booth,briana S
Trust Deed
related
—
May 18, 2018
—
Brn Holdings LLC
Ibeh,bernard
Quitclaim Deed
related
—
Jan 12, 2018
$120,000
Kl & Kl Middletown LLC
Phung Family Trust
Grant Deed
—
Dec 27, 2017
$315,000
Amerco Real Estate Co
Ohio Cvs Stores LLC
Grant Deed
—
Oct 4, 2017
—
7782 Tylers Place LLC
—
Deed
related
$600,000 · Fifth Third Bank
Sep 26, 2017
$350,000
7782 Tylers Place LLC
Lindsay,thomas S
Warranty Deed
—
Sep 13, 2017
—
Mcdonalds Real Estate Co
Mcdonalds Corp
Quitclaim Deed
related
—
Aug 10, 2017
—
Mcdonalds Real Estate Co
Mcdonalds
Quitclaim Deed
related
—
Oct 25, 2016
$15,000
Daniel Larios
Sheriff Of Butler County|combs Harold C Es
Trustees Deed
related
—
Jul 12, 2016
—
Peterson Land Holdings LLC
Peterson,richard P & David A
Quitclaim Deed
—
Jan 27, 2014
$29,000
Gregory Brewer
Combs Harold
Dual Purpose Document
$28,000 · Harold Combs
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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