1049 Bassett Rd Westlake, OH 44145-1110
Industrial land
Google Maps
Entity Owned
8-yr Hold
Free & Clear
No photos on file
For Sale
Contact for pricing
1049 Bassett Rd, Westlake, OH 44145-1110
View Listing →
Estimated value (blended)
$90k
Range $81k – $99k (±10%)
Property ID
US66-6021071
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1953
Total area
1,704 SF
Lot
2.6 ac (113,256 SF)
Zoning code
EI
APN
212-06-012
UPID
US66-6021071
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate 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
$90k
Owner & transaction history
since 2017
3 recorded transactions
Zoning & alternative use
EI · Westlake, OH
Zoning description
Exclusive Industrial Districts near the freeway system for uses which generate relatively large volumes of traffic, so as to be accessible to a large labor force and consumers throughout the region.
General category
INDUSTRIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$90k
Value range
$81k – $99k
±10% around blend
Estimated value / SF
$53 / SF
Confidence
None
2 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
20
$81k
blend $90k
$99k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,704 SF
Lot area
2.6 ac
Year built
1953
Stories
1
APN
212-06-012
Assessed value
$15,400
Annual tax
$1,068
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$90k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 231 sales
$43
+22%
County 239 sales
$44
+20%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $53/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 2 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$15k
Move the market yield to see immediate price impact.
Value / SF
$9
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$970
$19k
$14k
$11k
$1k
$22k
$15k
$12k
$1k
$24k
$17k
$13k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
2 found
None confidence · county-verified
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,068
Tax year 2023
Assessed value
$15,400
Assessed 2023
Previous assessed
$15,400
+0.0% YoY
Effective rate
6.94%
On assessed value
Assessed land
$15,400
Land market value
$44,000
Total market value
$44,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
For Sale
Year built
1953
Heating
FORCED AIR
Stories
1
Rooms
6
Bathrooms
2
Total area
1,704 SF
Lot
2.6 ac (113,256 SF)
Zoning code
EI
APN
212-06-012
UPID
US66-6021071
Jurisdiction
CUYAHOGA
Zoning & alternative use
EI · Westlake, OHZoning EI · permitted uses
EI · Westlake, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Exclusive Industrial Districts near the freeway system for uses which generate relatively large volumes of traffic, so as to be accessible to a large labor force and consumers throughout the region.
General category
INDUSTRIAL
Building & site characteristics
From public records
Year built
1953
Heating
FORCED AIR
Stories
1
Rooms
6
Bathrooms
2
Lot
2.6 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
EI
INDUSTRIAL
Jurisdiction
Westlake, OH
Recorded code
EI
Official district
EI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for EI in Westlake, OH.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
