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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Parking lots & garages
1250 Mentor Ave, Painesville, OH 44077-1852
Individually Owned
8-yr Hold
Free & Clear
Property ID
US66-0081521
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1950
Total area
13,422 SF
Lot
0.93 ac (40,572 SF)
Zoning code
B3
APN
11-A-016-C-01-013-0
UPID
US66-0081521
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
$681k
Blend (final)
Blend
$685k
Owner & transaction history
Painesville Township Board Of Tes · 8 yrs held
Painesville Township Board Of Tes
since 2017
3 recorded transactions
Zoning & alternative use
B3 · Painesville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+62.3%
Medical building
$945,000
+36.2%
Commercial (general)
$815,000
+17.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$695,000
Current use
AUTO REPAIR, GARAGE
$1,125,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$945,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$815,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$760,000
Change: +10% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$585,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$51 / 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
$9,197
Tax year 2023
Assessed value
$109,740
Assessed 2023
Previous assessed
$109,740
+0.0% YoY
Effective rate
8.38%
On assessed value
Assessed land
$35,500
Assessed improvement
$74,240
Land market value
$101,430
Improvement market value
$212,110
Total market value
$313,540
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Stories
1
Total area
13,422 SF
Lot
0.93 ac (40,572 SF)
Zoning code
B3
APN
11-A-016-C-01-013-0
UPID
US66-0081521
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.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$945,000
COMMERCIAL (GENERAL)
Est. value
$815,000
WAREHOUSE, STORAGE
Est. value
$760,000
INDUSTRIAL (GENERAL)
Est. value
$585,000
PARKING LOT Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1950
Heating
FORCED AIR
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Painesville Township Board Of Tes
Individual
Free & Clear · 8 yrs held
Mailing address
35050 DORCHESTER RD, GATES MILLS, OH 44040-9335
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2017
—
Painesville Township Board Of Tes
Abounader,wasim
Grant Deed
—
Sep 27, 2012
—
Wasim Abounader
Board Of Cnty Commissioners/lake
Warranty Deed
—
Jun 2, 2004
—
Ohio State
Board Of County Commissioners
Grant Deed
related
—
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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