Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12619 Detroit Ave Lakewood, OH 44107
    Back to Search
    Property profile & analytics

    12619 Detroit Ave, Lakewood, OH 44107

    View on Map
    • Auto shops
    • 8,055 SF
    • 0.65 lot acres
    Off-Market
    Last Sale Oct 29, 2024
    Property ID
    US66-0481313
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,015,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Auto shops

    Property Details for 12619 Detroit Ave

    Year built
    1972
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.65 lot acres
    Zone code
    C3
    Property type
    Auto shops
    APN
    315-10-013
    APU
    31510013

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 29, 2025 — Tire Realty Holdings LLC Conrads Tire Realty Company INC Deed —
    Feb 28, 2022 — Conrads Tire Realty Company INC — Deed · related $71M · The Huntington National Bank
    May 17, 2002 $525,000 Western Management INC Intihar,mary F & Edward Grant Deed —
    May 17, 2002 — Conrads Tire Service INC Western Management INC Grant Deed · related —
    — — Conrads Tire Realty Co INC — Deed Of Trust · related $772k · Firstmerit Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $990,000
      Market price range: $347k - $1.37M
      AI Estimate
      $1,036,000
      Market price range: $422k - $1.09M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $715,000
      Current use
      RESTAURANT
      $1,360,000
      Change: +90% Conversion: Difficult
      OFFICE BUILDING
      $1,305,000
      Change: +82% Conversion: Difficult
      MEDICAL BUILDING
      $875,000
      Change: +22% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $815,000
      Change: +14% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $680,000
      Change: -5% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $670,000
      Change: -7% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7773
    Latitude
    41.4841
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,287
    $65,280
    $168,210
    $233,490
    -
    $186,500
    $480,600
    $667,100

    Comparable in this City

    • Value Estimation by Request
      4,700 SF

      1303 117th St

      AUTO REPAIR, GARAGE
      1303 117th St, Cleveland, OH 44107-3010
      View Details
    • Value Estimation by Request
      2,400 SF

      13600 Madison Ave

      AUTO REPAIR, GARAGE
      13600 Madison Ave, Lakewood, OH 44107-4709
      View Details
    • Value Estimation by Request
      7,183 SF

      12222 Detroit Ave

      AUTO REPAIR, GARAGE
      12222 Detroit Ave, Lakewood, OH 44107-3021
      View Details
    • Value Estimation
      $570,000
      3,942 SF

      12027 Lk Ave

      AUTO REPAIR, GARAGE
      12027 Lk Ave, Lakewood, OH 44107-1805
      View Details
    • Value Estimation by Request
      3,188 SF

      13736 Madison Ave

      AUTO REPAIR, GARAGE
      13736 Madison Ave, Lakewood, OH 44107-4743
      View Details
    • Value Estimation
      $1,225,000
      9,377 SF

      4545 Ind Pkwy St

      AUTO REPAIR, GARAGE
      4545 Ind Pkwy St, Cleveland, OH 44107
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,407 SF

      Lakewood Retail and Office Space

      Retail and office space with leased restaurant, investor opportunity.
      14810-14824 Detroit Ave, Lakewood, OH 44107
      View Details
    • Contact for pricing

      Lakewood Retail Strip Center For Sale

      Service-oriented strip center in a dynamic retail market.
      14900-15006 Detroit Ave, Lakewood, OH 44107
      View Details
    • $999,000
      7,527 SF

      Lakewood Apartment Building Investment

      High-Yield, Turnkey Apartment Complex
      16808 Madison Ave, Lakewood, OH 44107
      View Details
    • $3,429,000

      Lakewood Lakefront Multifamily Investment

      Turnkey 25-unit multifamily property with lake views in Lakewood, Ohio.
      12065 Edgewater Dr, Lakewood, OH 44107
      View Details
    • $477,500
      6,020 SF

      Lakewood Four-Unit Multifamily Property

      Four-unit property near Lakewood Park with income potential.
      14916 Clifton Blvd, Lakewood, OH 44107
      View Details
    • $339,900
      2,030 SF

      Lakewood Duplex with Recent Updates

      Well-maintained duplex in Lakewood with updated features and convenient location.
      14306 Athens Ave, Lakewood, OH 44107
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,732 SF

      Lakewood Retail and Office Space

      Retail and office spaces for lease in Lakewood, Ohio.
      16300-16400 Detroit Ave, Lakewood, OH 44107
      View Details
    • Contact for pricing

      Renovated Mixed-Use Property For Rent

      Three-building site suitable for retail, office, or restaurant use.
      17919 Detroit Ave, Lakewood, OH 44107
      View Details
    • Contact for pricing
      1,001 SF

      Lakewood Mixed-Use Redevelopment Space

      Retail and office spaces available in Lakewood's premier redevelopment.
      16300-16400 Detroit Ave, Cleveland, OH 44107
      View Details
    • Contact for pricing

      Lakewood Office Space For Rent

      Eclectic office space in historical building, utilities included.
      18611 Detroit Ave, Lakewood, OH 44107
      View Details
    • Contact for pricing

      Downtown Lakewood Office and Retail

      Five-story office and retail building in downtown Lakewood, Ohio.
      14805 Detroit Ave, Lakewood, OH 44107
      View Details
    • $175,000
      25,740 SF

      Lakewood Commercial Property For Lease

      Commercial property in a high-traffic area, ideal for various businesses.
      15111-15121 Detroit Ave, Lakewood, OH 44107
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12619 Detroit Ave
    Lakewood, OH 44107
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12619 Detroit Ave, Lakewood, OH, 44107
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!