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Property profile & analytics
FOR LEASE
Grocery and convenience stores
1051 Meister Rd Lorain, OH 44052
Entity Owned
8-yr Hold
Free & Clear
Property ID
US66-2030907
For Lease
1 / 4
$4,300,000
1051 Meister Rd, Lorain, OH 44052
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1977
Total area
51,453 SF
Lot
3.82 ac (166,399 SF)
APN
02-01-006-184-022
UPID
US66-2030907
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
-
Apples Market Grocery & Convenience Store Food Market
-
Coinstar Kiosk | Bitcoin ATM Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.35M
Blend (final)
Blend
$4.30M
Owner & transaction history
Tdi Lorain LLC · 8 yrs held
Tdi Lorain LLC
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.8M
+50.7%
Restaurant
$4.6M
+44.5%
Office building
$4.4M
+39.6%
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
RETAIL STORES
$3,180,000
Current use
MEDICAL BUILDING
$4,790,000
Change: +51% · Conversion: Difficult
RESTAURANT
$4,595,000
Change: +44% · Conversion: Easy
OFFICE BUILDING
$4,440,000
Change: +40% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,235,000
Change: +33% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,970,000
Change: +25% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,375,000
Change: +6% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,050,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$4.30M
Range $3.87M – $4.73M · ±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
$84 / 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
$51,992
Tax year 2023
Assessed value
$661,721
Assessed 2023
Previous assessed
$661,720
+0.0% YoY
Effective rate
7.86%
On assessed value
Assessed land
$116,480
Assessed improvement
$545,241
Land market value
$332,800
Improvement market value
$1,557,830
Total market value
$1,890,630
Applied tax rate
42.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1977
Heating
NONE
Stories
1
Units
1
Total area
51,453 SF
Lot
3.82 ac (166,399 SF)
APN
02-01-006-184-022
UPID
US66-2030907
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
RETAIL STORES Current
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$4.8M
RESTAURANT
Est. value
$4.6M
OFFICE BUILDING
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
WAREHOUSE, STORAGE
Est. value
$3.1M
RETAIL STORES Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1977
Heating
NONE
Stories
1
Units
1
Lot
3.82 ac
Current owner
From public records · entity-resolved
Tdi Lorain LLC
Entity
Free & Clear · 8 yrs held
Mailing address
11 PKWY CTR, PITTSBURGH, PA 15220-3614
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2020
—
Tdi Lorain LLC
—
Deed
related
$475,000 · First Nat'l Bk/pa
Apr 28, 2020
—
Tdi Lorain LLC
—
Deed
related
$895,000 · First Nat'l Bk/pa
Jan 3, 2020
—
Tdi Lorain LLC
—
Grant Deed
related
$49,560,000 · First Nat'l Bk/pa
Apr 27, 2018
—
Tdi Lorain LLC
Town Dev INC
Grant Deed
related
—
—
—
Tdi Lorain LLC
—
Loan Modification
related
$475,000 · First Nat'l Bk/pa
—
—
Tdi Lorain LLC
—
Deed Of Trust
related
$895,000 · First Nat'l Bk/pa
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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