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Property profile & analytics
OFF-MARKET
Retail space
1235 Mentor Ave Painesville, OH 44077
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US66-0653531
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2014
Construction
WOOD
Total area
5,568 SF
Lot
2.31 ac (100,493 SF)
Zoning code
B3
APN
11-A-010-B-00-002-0
UPID
US66-0653531
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Srk Fairgrounds Associates LLC · 18 yrs held
Srk Fairgrounds Associates LLC
since 2007
7 recorded transactions
Zoning & alternative use
B3 · Painesville, OH
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 Painesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Painesville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$25,017
Tax year 2023
Assessed value
$304,160
Assessed 2023
Previous assessed
$304,160
+0.0% YoY
Effective rate
8.22%
On assessed value
Assessed land
$144,100
Assessed improvement
$160,060
Land market value
$411,700
Improvement market value
$457,320
Total market value
$869,020
Applied tax rate
11.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2014
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
5,568 SF
Lot
2.31 ac (100,493 SF)
Zoning code
B3
APN
11-A-010-B-00-002-0
UPID
US66-0653531
Jurisdiction
LAKE
Zoning & alternative use
B3 · Painesville, OH
Zoning B3 · permitted uses
B3 · Painesville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Painesville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2014
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.31 ac
Current owner
From public records · entity-resolved
Srk Fairgrounds Associates LLC
Entity
Mailing address
4053 MAPLE RD, BUFFALO, NY 14226-1058
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2014
—
Portfolio Getgo II
—
Grant Deed
related
$16,485,000 · Miscellaneous Ins Co
Nov 27, 2007
—
Srk Fairgrounds Associates LLC
Srk Fairgrounds Associates LLC
Quit Claim Deed
related
—
Mar 25, 2005
$795
State Of Ohio
Srk Painesville Associates LLC
Warranty Deed
—
Sep 4, 2003
—
Srk Fairgrounds Associates LLC
Srk Painesville Associates LLC
Quit Claim Deed
related
$600,000 · Lasalle National Bank
Dec 4, 2000
—
Benchmark Properties Mgt Corp
Srk Painesville Associates LLC
Quit Claim Deed
related
—
May 20, 1999
$200,000
Srk Painesville Associates
Newman & Newman
Grant Deed
—
—
—
Srk Fairgrounds Associates LLC
—
Deed Of Trust
related
$525,000 · Tristate Capital Bank
—
—
Srk Fairgrounds Associates LLC
—
Deed Of Trust
related
$1,500,000 · Buckeye State Cu INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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