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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Turn key restaurants
11303 Kinsman Rd Newbury, OH 44065-9693
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-0424003
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1943
Total area
5,467 SF
Lot
9.25 ac (402,930 SF)
APN
23-059050
UPID
US66-0424003
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
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$565k
Owner & transaction history
Sorellas Properties LLC · 3 yrs held
Sorellas Properties LLC
since 2023
Last sale
$555,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$555,000
+44.0%
Commercial (general)
$455,000
+17.9%
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 Newbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newbury 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
$465,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$385,000
Current use
OFFICE BUILDING
$555,000
Change: +44% · Conversion: Moderate
COMMERCIAL (GENERAL)
$455,000
Change: +18% · Conversion: Easy
RETAIL STORES
$340,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $555k (Mar 21 2023)
Last sale anchor
$555k
Mar 21 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
$103 / 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
$8,782
Tax year 2023
Assessed value
$172,240
Assessed 2023
Previous assessed
$137,910
+24.9% YoY
Effective rate
5.10%
On assessed value
Assessed land
$79,000
Assessed improvement
$93,240
Land market value
$225,700
Improvement market value
$266,400
Total market value
$492,100
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1943
Heating
NONE
Stories
2
Total area
5,467 SF
Lot
9.25 ac (402,930 SF)
APN
23-059050
UPID
US66-0424003
Jurisdiction
GEAUGA
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
RESTAURANT Current
Est. value
$385,000
OFFICE BUILDING
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$455,000
RETAIL STORES
Est. value
$340,000
RESTAURANT Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1943
Heating
NONE
Stories
2
Lot
9.25 ac
Current owner
From public records · entity-resolved
Sorellas Properties LLC
Entity
Mailing address
11303 KINSMAN RD, NEWBURY, OH 44065-9693
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2023
$555,000
Sorellas Properties LLC
Sharon James Properties LLC
Land Contract
$25,000 · Not Available
Jan 12, 2017
$50,000
Sharon & James Prop LLC
Ober June K Trust
Grant Deed
—
Feb 7, 2011
$125,000
James P Sciaulino
Lowe,ethan A & Lauren E
Grant Deed
—
Apr 7, 2000
$425,000
Ethan A Lowe
Kaucic,vincent
Grant Deed
$375,000 · Great Lakes Bank
Aug 11, 1999
$66,500
Vincent Kaucic
Cardillo,patrick
Grant Deed
$104,500 · Seller
—
—
Patrick P Cardillo
—
Deed Of Trust
related
$130,000 · Geauga Savings Bank
—
—
Vincent Kaucic
—
Deed Of Trust
related
$9,591 · Geauga Savings 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.
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