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Property profile & analytics
OFF-MARKET Estimated value $540,000
Manufacturing properties

117 Walnut Ave Painesville, OH 44077-2925

8,710 SF 1.83 ac lot Built 1955
Entity Owned 14-yr Hold ~ Est. High Equity
Property ID
US66-2469767
Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1955
Total area 8,710 SF
Lot 1.83 ac (79,541 SF)
Zoning code M-2
APN 15-C-010-0-00-019-0
UPID US66-2469767
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
$515k
Comparable Approach Comparable
$556k
Blend (final) Blend
$540k
Owner & transaction history
Tasyd Industries LLC · 14 yrs held
Tasyd Industries LLC
since 2012
5 recorded transactions
2012
$400,000
2000
$545,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M-2 · Painesville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

M-2 Industrial Zoning Overlays: Design Districts, Historic Districts, PUD For more detail regarding zoning regulations for each district, see Chapter 1113 of the Unified Development Code. All requests for permitted uses for a given property can be submitted in writing to the City Planner. What Requires a Zoning Permit? All new construction, additions, porche…

Zone name Industrial
General category INDUSTRIAL
Zone area 280.17 ac
Source Painesville, OH
Top alternative use upside
Office building $770,000 +103.2%
Auto repair, garage $730,000 +92.1%
Medical building $615,000 +61.2%
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