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Property profile & analytics
FOR LEASE
Community centers
105 Sheffield Ctr, Lorain, OH 44055
Entity Owned
12-yr Hold
Free & Clear
Property ID
US66-2208161
For Lease
1 / 2
$1,675,000
105 Sheffield Ctr, Lorain, OH 44055
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1990
Total area
17,414 SF
Lot
30.77 ac (1,340,341 SF)
APN
03-00-112-101-080
UPID
US66-2208161
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
$2.25M
Blend (final)
Blend
$1.68M
Owner & transaction history
Sheffied Realty LLC · 12 yrs held
Sheffied Realty LLC
since 2014
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.9M
+39.9%
Medical building
$1.6M
+20.8%
Restaurant
$1.6M
+15.8%
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 Lorain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lorain 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,345,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,880,000
Change: +40% · Conversion: Difficult
MEDICAL BUILDING
$1,620,000
Change: +21% · Conversion: Difficult
RESTAURANT
$1,555,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$1,500,000
Change: +12% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,435,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$1,075,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±10%
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
$96 / 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
$85,070
Tax year 2023
Assessed value
$1,172,683
Assessed 2023
Previous assessed
$1,172,690
0.0% YoY
Effective rate
7.25%
On assessed value
Assessed land
$295,327
Assessed improvement
$877,356
Land market value
$843,790
Improvement market value
$2,506,730
Total market value
$3,350,520
Applied tax rate
61.0000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1990
Heating
NONE
Buildings
6
Stories
1
Units
1
Total area
17,414 SF
Lot
30.77 ac (1,340,341 SF)
APN
03-00-112-101-080
UPID
US66-2208161
Jurisdiction
LORAIN
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.6M
RESTAURANT
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1990
Heating
NONE
Stories
1
Buildings
6
Units
1
Lot
30.77 ac
Current owner
From public records · entity-resolved
Sheffied Realty LLC
Entity
Free & Clear · 12 yrs held
Mailing address
150 GREAT NCK RD, GREAT NECK, NY 11021-3356
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2018
—
Sheffield Realty LLC
—
Deed
related
$3,948,000 · First Fin'l Bk&tr
Oct 6, 2017
—
Sheffield Realty Associates
—
Deed
related
$2,400,000 · First Fed'l S&l/lakewood
Jun 25, 2014
$3,176,250
Sheffied Realty LLC
Bank Of America NA
Limited Warranty Deed
—
—
—
Sheffield Realty Associates
—
Deed Of Trust
related
$2,400,000 · First Fed'l S&l/lakewood
—
—
Sheffield Realty LLC
—
Deed Of Trust
related
$3,948,000 · First Fin'l Bk&tr
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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