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Property profile & analytics
OFF-MARKET
Apartment buildings
12480 Ward Dr Chesterland, OH 44026-2541
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1121631
Property summary
AI-generated overview
This is an all-brick, four-unit complex located in Chesterland, Ohio. The property is situated on a 1.1-acre lot with frontage on Chillicothe Road, offering potential for future development. Each unit includes two bedrooms, one full bath, a kitchen, and a family room. The property features a private parking lot, a two-car garage, and a storage shed. The building has a total living area of 2415 square feet.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1959
Total area
2,415 SF
Lot
1.11 ac (48,352 SF)
APN
11-009000
UPID
US66-1121631
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
Yelena Neyman · 2 yrs held
Yelena Neyman
since 2024
5 recorded transactions
Zoning & alternative use
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 Chesterland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesterland 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
$5,632
Tax year 2023
Assessed value
$101,540
Assessed 2023
Previous assessed
$53,760
+88.9% YoY
Effective rate
5.55%
On assessed value
Assessed land
$36,400
Assessed improvement
$65,140
Land market value
$104,000
Improvement market value
$186,100
Total market value
$290,100
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
Apartment buildings
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1959
Heating
NONE
Stories
1
Units
4
Total area
2,415 SF
Lot
1.11 ac (48,352 SF)
APN
11-009000
UPID
US66-1121631
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
Building & site characteristics
From public records
Year built
1959
Heating
NONE
Stories
1
Units
4
Lot
1.11 ac
Current owner
From public records · entity-resolved
Yelena Neyman
Individual
Mailing address
8056 SPRINGER DR, WILLOUGHBY, OH 44094-6807
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2024
$104,500
Yelena Neyman
Anthony Melaragno
Deed
$83,600 · First Fed Savings & Loan Assn Of Lo
Sep 26, 2023
—
Anthony Melaragno
Anthony Melaragno
Deed
related
—
Oct 26, 2022
—
Kemr LLC
Ashmic LLC
Warranty Deed
$229,000 · Dollar Bank Fsb
May 3, 2021
$200,000
Ashmic LLC
Ward Properties LLC
Warranty Deed
$150,000 · Dollar Bank Fsb
Feb 16, 2021
$75,000
Arisnelda Melaragno
Frank Petronzio
Warranty Deed
—
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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