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Property profile & analytics
OFF-MARKET Estimated value $1,820,000
Manufacturing properties

141 Walnut Ave Painesville, OH 44077-2925

31,088 SF 6 ac lot Built 1927
Entity Owned 1-yr Hold Free & Clear
Property ID
US66-1993310
Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1927
Total area 31,088 SF
Lot 6 ac (261,360 SF)
Zoning code M-1
APN 15-C-032-0-00-001-0
UPID US66-1993310
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
$1.84M
Comparable Approach Comparable
$1.98M
Blend (final) Blend
$1.82M
Owner & transaction history
Fnlr Steel Rolling LLC · 1 yrs held
Fnlr Steel Rolling LLC
since 2024
5 recorded transactions
2024
$6.3M
2023
Price N/A
2017
Price N/A
2016
Price N/A
1969
Price N/A
Zoning & alternative use
M-1 · Painesville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

M-1 Light Industrial M-2 Industrial Zoning Overlays: Design Districts, Historic Districts, PUD For more detail regarding zoning regulations for each district, see Chapter 1113 of the Unified Development Code. All requests for permitted uses for a given property can be submitted in writing to the City Planner. What Requires a Zoning Permit? All new constructi…

Zone name Light Industrial
General category INDUSTRIAL
Zone area 681.28 ac
Source Painesville, OH
Top alternative use upside
Office building $2.8M +103.2%
Auto repair, garage $2.6M +92.1%
Medical building $2.2M +61.2%
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