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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Industrial properties
1051 Lear Industrial Pkwy Avon, OH 44011-1386
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1686474
Property profile
Verified
Property type
Industrial properties
Use group
MULTI-TENANT INDUSTRIAL BUILDING
Year built
2004
Total area
13,700 SF
Lot
1.67 ac (72,745 SF)
APN
04-00-021-000-192
UPID
US66-1686474
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
Current use
Occupant on record · Public records
-
Midwest Process Controls Factory Industrial Manufacturer
-
Wavy Flag LLC (Bike/Boat/Book/etc) Store
-
Grassa's Body Repair Auto Repair Shop
-
BrightView Landscapes Landscaping General Contractor
-
Brickman Group Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.36M
Owner & transaction history
800 Meter Properties LLC · 2 yrs held
800 Meter Properties LLC
since 2023
Last sale
$1.3M
5 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 Avon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avon 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
$1,405,000
ML approach
$1,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,015,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,855,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,740,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,725,000
Change: 0% · Conversion: Difficult
RESTAURANT
$1,505,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$1,335,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,210,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±10% · vs last sale $1.30M (Aug 31 2023)
Last sale anchor
$1.30M
Aug 31 2023
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
$99 / 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
$16,422
Tax year 2023
Assessed value
$255,798
Assessed 2023
Previous assessed
$255,800
0.0% YoY
Effective rate
6.42%
On assessed value
Assessed land
$49,683
Assessed improvement
$206,115
Land market value
$141,950
Improvement market value
$588,900
Total market value
$730,850
Applied tax rate
10.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
MULTI-TENANT INDUSTRIAL BUILDING
Status
Off-Market
Year built
2004
Heating
NONE
Stories
1
Units
1
Total area
13,700 SF
Lot
1.67 ac (72,745 SF)
APN
04-00-021-000-192
UPID
US66-1686474
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
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
RESTAURANT
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2004
Heating
NONE
Stories
1
Units
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
800 Meter Properties LLC
Entity
Mailing address
1215 LEAR INDUSTRIAL PKWY, AVON, OH 44011-1364
Ownership since
2023
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
Aug 31, 2023
$1,300,000
800 Meter Properties LLC
Ket Commercial Properties LLC
Limited Warranty Deed
$975,000 · First Federal Savings & Loan Assn O
Jan 26, 2017
—
Ket Commercial Properties LLC
—
Grant Deed
related
$1,100,000 · Buckeye Cmnty Bk
May 28, 2004
$157,000
Ket Commercial Properties LLC
Schafer Dobrunz Dev Ltd
Grant Deed
$740,000 · Lorain National Bank
—
—
Schafer Dobrunz Dev Ltd
—
Deed Of Trust
related
$90,000 · Willard H Dobrunz
—
—
Ket Commercial Properties LLC
—
Deed Of Trust
related
$610,291 · Buckeye Community Bank
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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