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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Turn key restaurants
1341 Marlowe Ave Lakewood, OH 44107-2654
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0171860
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1988
Construction
TYPE NOT SPECIFIED
Total area
77,024 SF
Lot
1.05 ac (45,794 SF)
Zoning code
C2
APN
312-20-029
UPID
US66-0171860
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
$3.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.62M
Blend (final)
Blend
$4.00M
Owner & transaction history
Haven At Lakewood Propco LP · 4 yrs held
Haven At Lakewood Propco LP
since 2021
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
C2 · 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
Method
Estimation
Statistic approach
$3,675,000
ML approach
$3,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.00M (Aug 4 2021)
Last sale anchor
$4.00M
Aug 4 2021
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
$52 / 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
$180,663
Tax year 2023
Assessed value
$1,668,140
Assessed 2023
Previous assessed
$1,668,140
+0.0% YoY
Effective rate
10.83%
On assessed value
Assessed land
$187,500
Assessed improvement
$1,480,640
Land market value
$535,700
Improvement market value
$4,230,400
Total market value
$4,766,100
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1988
Construction
TYPE NOT SPECIFIED
Heating
RADIANT
Cooling
WALL UNIT
Stories
8
Units
91
Total area
77,024 SF
Lot
1.05 ac (45,794 SF)
Zoning code
C2
APN
312-20-029
UPID
US66-0171860
Jurisdiction
CUYAHOGA
Zoning & alternative use
C2 · Lakewood, OH
Zoning C2 · permitted uses
C2 · 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
1988
Construction
TYPE NOT SPECIFIED
Heating
RADIANT
Cooling
Yes
Stories
8
Units
91
Lot
1.05 ac
Current owner
From public records · entity-resolved
Haven At Lakewood Propco LP
Entity
Mailing address
1341 MARLOWE AVE, LAKEWOOD, OH 44107-2654
Mailing matches property
Yes
Owner-occupied
Yes
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
29 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2021
$4,000,000
Haven At Lakewood Propco LP
Kandu Capital Of Lakewood LLC
Limited Warranty Deed
$8,600,000 · Old Second National Bank
Oct 19, 2016
—
Kandu Capital Of Lakewood LLC
—
Deed
related
$5,145,000 · Berkadia Com'l Mtg
Sep 5, 2014
—
Kandu Capital Of Lakewood LLC
—
Grant Deed
related
$4,272,000 · First Nat'l Bk
Jan 21, 2010
$3,100,000
Kandu Capital Of Lakewood LLC
Northwesterly Assisted Living
Grant Deed
related
—
Jun 5, 2007
$85,592
Earp-thomas Northwesterly LLC
Northwesterly Assisted Living
Grant Deed
related
—
Jun 5, 2007
$112,000
Roth Northwesterly LLC
Northwesterly Assisted Living
Grant Deed
related
—
Jun 5, 2007
$100,000
Northwesterly Assisted Living
Lawrences Northwesterly LLC
Grant Deed
related
—
Jun 5, 2007
$33,000
Dave Chrowl Northwesterly LLC
Northwesterly Assisted Living
Grant Deed
related
—
Jun 5, 2007
$358,587
Bulcher Northwesterly LLC
Northwesterly Assisted Living
Grant Deed
related
—
Jun 5, 2007
$43,000
Harder Northwesterly LLC
Northwesterly Assisted Living
Grant Deed
related
—
Jun 5, 2007
$470,000
Northwesterly Assisted Living
Spinolas Northwesterly LLC
Grant Deed
related
—
Jun 5, 2007
$240,000
P & K Northwesterly LLC
Northwesterly Assisted Living
Grant Deed
related
—
Aug 18, 2006
$394,885
Northwesterly Assisted Living
Millers Northwesterly LLC
Grant Deed
related
—
Jan 25, 2005
$425,000
Zeids Northwesterly LLC
Northwesterly Assisted Living
Grant Deed
related
—
Jan 25, 2005
$50,000
Wards Northwesterly LLC
Northwesterly Assisted Living
Grant Deed
related
—
Nov 22, 2004
$470,000
Spinolas Northwesterly LLC
Northwesterly Assisted Living
Grant Deed
related
—
Nov 22, 2004
$30,000
Andrew Kims Northwesterly LLC
Northwesterly Assisted Living
Grant Deed
related
—
Nov 22, 2004
$377,000
Walkers Northwesterly LLC
Northwesterly Assisted Living
Grant Deed
related
—
Nov 22, 2004
$100,000
Brauburgers Northwesterly LLC
Northwesterly Assisted Living
Grant Deed
related
—
Nov 22, 2004
$93,000
Leets Northwesterly LLC
Northwesterly Assisted Living
Grant Deed
related
—
Nov 22, 2004
$3,625,000
Northwesterly Assisted Living
Fit Hud Northwesterly LLC
Grant Deed
related
$2,425,000 · Security Bank
Nov 22, 2004
$300,000
First Northwesterly LLC
Northwesterly Assisted Living
Grant Deed
related
—
Nov 22, 2004
$217,000
Nielands Northwesterly LLC
Northwesterly Assisted Living
Grant Deed
related
—
Nov 22, 2004
$80,000
Gomes Northwesterly LLC
Northwesterly Assisted Living
Grant Deed
related
—
Nov 22, 2004
$205,000
Millers Northwesterly LLC
Northwesterly Assisted Living
Grant Deed
related
—
Jun 12, 2003
—
Fit Hud Northwesterly LLC
Fit Hud Acquisition LLC
Quit Claim Deed
related
—
Nov 30, 1999
$105,000
Joyce N Krost
Hukk,charles M
Grant Deed
$78,750 · Option One Mortgage Corp
—
—
Kandu Capital Of Lakewood LLC
—
Deed Of Trust
related
$5,145,000 · Berkadia Com'l Mtg
—
—
Kandu Capital Of Lakewood LLC
—
Deed Of Trust
related
$1,000,000 · First National Bank
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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