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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Medical Office Space
11851 Detroit Ave Lakewood, OH 44107-3016
Entity Owned
9-yr Hold
Free & Clear
Property ID
US66-6174977
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
TYPE NOT SPECIFIED
Total area
7,294 SF
Lot
0.36 ac (15,620 SF)
Zoning code
C3
APN
315-13-012
UPID
US66-6174977
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
$1.12M
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.07M
Owner & transaction history
Wra Lakewood LLC · 9 yrs held
Wra Lakewood LLC
since 2017
7 recorded transactions
Zoning & alternative use
C3 · Lakewood, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+55.2%
Office building
$1.2M
+48.8%
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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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%
$1,210,000
6.5%
$1,115,000
7%
$1,035,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$795,000
Current use
RESTAURANT
$1,230,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$1,180,000
Change: +49% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$740,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$650,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$146 / 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
$68,230
Tax year 2023
Assessed value
$630,000
Assessed 2023
Previous assessed
$630,000
+0.0% YoY
Effective rate
10.83%
On assessed value
Assessed land
$34,440
Assessed improvement
$595,560
Land market value
$98,400
Improvement market value
$1,701,600
Total market value
$1,800,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
7,294 SF
Lot
0.36 ac (15,620 SF)
Zoning code
C3
APN
315-13-012
UPID
US66-6174977
Jurisdiction
CUYAHOGA
Zoning & alternative use
C3 · Lakewood, OH
Zoning C3 · permitted uses
C3 · Lakewood, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$795,000
RESTAURANT
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$650,000
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Wra Lakewood LLC
Entity
Free & Clear · 9 yrs held
Mailing address
25782 CTR RDG RD, WESTLAKE, OH 44145-4005
Ownership since
2017
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
Feb 6, 2017
—
Wra Lakewood LLC
—
Deed
related
$1,575,000 · Cortland Svgs & Bkng
Jan 25, 2017
—
Wra Lakewood LLC
Towne House Apartments Ltd
Grant Deed
related
—
Feb 23, 2007
$2,150,000
Towne House Apartments Ltd
11851 Detroit LLC
Warranty Deed
$1,350,000 · National City Bank
Jul 5, 2006
—
11851 Detroit LLC
Rysar Properties INC
Warranty Deed
$1,425,000 · Huntington National Bank
Aug 16, 2004
$300,000
Rysar Properties INC
Heben,patricia A
Warranty Deed
$360,000 · Huntington National Bank
Apr 6, 2001
—
Patricia A Heben
Midtown Mortgage Corp
Quit Claim Deed
related
—
—
—
Wra Lakewood LLC
—
Deed Of Trust
related
$1,575,000 · Cortland Svgs & Bkng
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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