Lundin Properties

What Lundin Properties does

Lundin Properties is a privately held, independently owned real estate brokerage headquartered at 1001 E 2nd St in Dayton, Ohio, founded in 2013 by Richard Lundin, who serves as Brokerage Owner. The firm operates as a small boutique brokerage providing three core service lines: residential sales, commercial sales, and property leasing, delivered through its network of licensed real estate agents including Krysten Smith. The company differentiates itself from "bigger brokerages" through a small-firm model that offers agents generous commission splits, no broker fees, no hidden costs, and one-on-one support, positioning itself as an agent-friendly alternative in the Dayton metro market.

The firm's revenue model is a pure transaction-commission model: it earns commissions on closed residential and commercial sales transactions and on property leasing activity, then splits those commissions with its licensed agents. The pricing structure is pay-as-you-go per transaction rather than subscription or recurring, and no pricing details, fee schedules, or transaction volume figures are publicly disclosed. Customer acquisition is driven primarily through the company website (featuring a Search Listings property search tool) and direct phone outreach for scheduling private showings and consultations. The firm does not maintain a mobile app, social media presence beyond basic profiles, or any documented partnerships or alliances.

From a technology and operational standpoint, Lundin Properties runs on a thin digital footprint: a basic listings website, a careers page recruiting licensed agents, and standard contact and about pages. There is no proprietary technology, no API, no integrations, no patents or trademarks, and no AI or automation capabilities referenced. The headcount is described as 11–50, though only two individuals — owner Richard Lundin and licensed agent Krysten Smith — are named in available data. The operating status is active, and the firm is not publicly listed, has no parent company, no subsidiaries, no disclosed funding rounds, and no recorded M&A, regulatory actions, or restructuring events.

Name

Lundin Properties

Legal name

Lundin Properties

Website

https://lundinproperties.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Lundin Properties is a privately held, boutique real estate brokerage in Dayton, Ohio offering residential sales, commercial sales, and property leasing services through a small network of licensed agents on a commission-based model.

Ownership category

akta.pro rank

Product category

Real Estate Brokerage

NAICS

Offices of Real Estate Agents and Brokers (53121)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Residential Real Estate Brokerage (Buy/Sell) (FSAEAJAA)

Keywords

• Residential real estate
• Commercial real estate
• Property leasing
• Real estate brokerage
• Property listings

Headquarters

HQ city

Dayton

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Real Estate Commission: Lundin Properties generates revenue through real estate transaction commissions on residential sales, commercial sales, and property leasing. The company splits commissions with its licensed agents, offering generous commission splits with no broker fees or hidden costs.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Lundin Properties is a Dayton, Ohio-based real estate brokerage that represents buyers and sellers through licensed agents in residential sales, commercial sales, and property leasing transactions. The firm also operates a Search Listings tool on its website that allows users to browse available residential and commercial properties. Revenue is earned through commissions on completed transactions, which are split with the licensed agents who deliver the service.

Product overview

Lundin Properties is a real estate brokerage operating as a single-brand, full-service firm. The company offers a portfolio of interconnected services including a property Search Listings tool (an online listing search platform) and three core service lines: Residential Sales, Commercial Sales, and Property Leasing. These services are delivered through licensed agents and are supported by their brokerage operations in Dayton, Ohio.

Differentiator

Problem solved

Functional benefit

Products and services

• Search Listings Online property search tool that lets users browse available residential and commercial real estate listings offered through the brokerage.
• Residential Sales Brokerage service in which licensed agents represent buyers and sellers in residential property transactions, supporting clients from search through closing.
• Commercial Sales Brokerage service in which licensed agents handle the buying and selling of commercial properties for businesses and investors.
• Property Leasing Rental services covering both residential and commercial properties, connecting landlords with prospective tenants through licensed agents.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves2 records

Expansion highlights1 record

Broad incumbents

• Century 21 Real Estate: Global real estate franchise offering residential and commercial brokerage services with Ohio coverage. Comparable as a competing agent-based brokerage model with similar service categories.
• RE/MAX: Global residential real estate franchise operating throughout Ohio including Dayton. Offers the same agent-based brokerage model with commission splits, but with significantly stronger national brand recognition and lead-generation infrastructure.
• Keller Williams Realty: One of the largest residential brokerage franchises in the U.S., with Ohio market centers. Comparable to Lundin in agent-based residential brokerage model but with a much larger technology platform, training infrastructure, and agent productivity tools.
• Coldwell Banker Realty: National residential and commercial brokerage franchise with established Ohio operations. Comparable because it offers the same brokerage services (residential sales, leasing, commercial) through licensed agents, but at vastly greater geographic and brand scale.
• Berkshire Hathaway HomeServices: National residential brokerage network with franchise presence in Ohio. Provides overlapping residential, commercial, and leasing services through licensed agents, with greater brand prestige and resources.

Regional players

• Sibcy Cline Realtors: Ohio-based regional residential brokerage headquartered in Cincinnati with statewide coverage. Comparable independent-brokerage competitor serving Ohio metros, including cross-referral overlap with Dayton-area clients.
• Comey & Shepherd Realtors: Established Cincinnati-based Ohio brokerage (now part of Howard Hanna) historically serving southwest Ohio. Comparable as a regional independent brokerage competing for residential and commercial transactions in the broader Ohio market.

Emerging players

• Compass: Tech-enabled residential brokerage expanding into Ohio markets. Comparable as a competing brokerage with a technology-forward value proposition aimed at attracting productive agents away from traditional firms.
• eXp Realty: Cloud-based brokerage operating across the U.S. including Ohio. Comparable as an agent-recruiting-focused brokerage with commission-split economics, but differentiated by a remote/cloud operating model and aggressive agent-acquisition strategy.

Direct peers

• Howard Hanna Real Estate Services: Large regional brokerage with deep Ohio presence, including the Dayton market. Directly comparable as a residential and commercial brokerage operating in the same metro with a similar agent-recruitment model, but at substantially greater scale.

Market position

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Customer concentration

• Facebookfacebook.com/Lundin.Properties

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lundin Properties