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Property profile & analytics
OFF-MARKET
Residential income homes
12507 Franklin Blvd Lakewood, OH 44107-5046
Entity Owned
4-yr Hold
Property ID
US66-5401540
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1916
Construction
WOOD
Total area
5,490 SF
Lot
0.17 ac (7,576 SF)
Zoning code
R2
APN
315-11-115
UPID
US66-5401540
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
Eagle II LLC · 4 yrs held
Eagle II LLC
since 2021
Last sale
$382,500
7 recorded transactions
Zoning & alternative use
R2 · Lakewood, 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 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
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
$14,499
Tax year 2023
Assessed value
$133,880
Assessed 2023
Previous assessed
$133,880
+0.0% YoY
Effective rate
10.83%
On assessed value
Assessed land
$13,970
Assessed improvement
$119,910
Land market value
$39,900
Improvement market value
$342,600
Total market value
$382,500
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1916
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Buildings
2
Stories
2
Units
4
Bathrooms
6
Total area
5,490 SF
Lot
0.17 ac (7,576 SF)
Zoning code
R2
APN
315-11-115
UPID
US66-5401540
Jurisdiction
CUYAHOGA
Zoning & alternative use
R2 · Lakewood, OH
Zoning R2 · permitted uses
R2 · 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.
Building & site characteristics
From public records
Year built
1916
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
4
Bathrooms
6
Lot
0.17 ac
Current owner
From public records · entity-resolved
Eagle II LLC
Entity
Mailing address
13367 MADISON AVE, LAKEWOOD, OH 44107-4843
Ownership since
2021
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
Aug 24, 2021
—
Eagle II LLC
Joseph Blue LLC
Quit Claim Deed
related
—
Aug 3, 2020
$382,500
Joseph Blue LLC
Vault Properties LLC
Warranty Deed
—
Aug 23, 2019
$232,500
Vault Properties LLC
81 West Properties LLC
Warranty Deed
$275,000 · Baird Ventures LLC
Jan 27, 2011
$58,500
81west Properties LLC
Schmidt,james & Michelle
Warranty Deed
$78,500 · First Place Bank
May 16, 2005
$272,500
James Schmidt
Herman,john L & Rosemarie E
Warranty Deed
$217,000 · First Place Bank
Jun 21, 1999
$240,000
John L Herman
Yeh,hung
Grant Deed
$170,000 · Southern Pacific Bank
Dec 23, 1997
$179,000
Hung Yeh
Rogonjic,djuro
Grant Deed
$143,200 · Union Capital Mortgage Corp
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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