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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Amusement parks
1461 Lk Breeze Rd Sheffield Village, OH 44054-2525
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-1964405
Property profile
Verified
Property type
Amusement parks
Use group
AMUSEMENT PARK
Year built
1968
Total area
9,840 SF
Lot
7.53 ac (328,007 SF)
APN
03-00-028-000-005
UPID
US66-1964405
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
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
Tce Loch Murray LLC · 1 yrs held
Tce Loch Murray LLC
since 2024
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.4M
+195.5%
Office building
$1.2M
+165.4%
Commercial (general)
$1.2M
+156.8%
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 Sheffield Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sheffield Village 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
$1,650,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,375,000
Change: +196% · Conversion: Difficult
OFFICE BUILDING
$1,235,000
Change: +165% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,195,000
Change: +157% · Conversion: Difficult
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.65M (Nov 22 2024)
Last sale anchor
$1.65M
Nov 22 2024
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
$168 / 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
$5,994
Tax year 2023
Assessed value
$93,286
Assessed 2023
Previous assessed
$93,280
+0.0% YoY
Effective rate
6.43%
On assessed value
Assessed land
$25,043
Assessed improvement
$68,243
Land market value
$71,550
Improvement market value
$194,980
Total market value
$266,530
Applied tax rate
65.0000
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
Amusement parks
Use group
AMUSEMENT PARK
Status
Off-Market
Year built
1968
Heating
NONE
Stories
1
Units
1
Total area
9,840 SF
Lot
7.53 ac (328,007 SF)
APN
03-00-028-000-005
UPID
US66-1964405
Jurisdiction
LORAIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
OFFICE BUILDING
COMMERCIAL (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
1968
Heating
NONE
Stories
1
Units
1
Lot
7.53 ac
Current owner
From public records · entity-resolved
Tce Loch Murray LLC
Entity
Mailing address
4420 SHERWIN RD, WILLOUGHBY, OH 44094-7994
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
—
Tce Loch Murray LLC
Tce Tall Oaks West LLC
Quitclaim Deed
related
—
Dec 7, 2023
—
Tce Tall Oaks West LLC
Village Of Sheffield
Quit Claim Deed
related
—
Dec 6, 2023
—
Village Seffield Ohio
Tce Tall Oaks West LLC
Quit Claim Deed
related
—
Apr 4, 2023
$1,650,000
Tce Tall Oaks West LLC
Sheffield Lake Breeze Property LLC
Warranty Deed
—
May 12, 2017
$210,000
Sheffield Lake Breeze Prop LLC
Breezewood INC
Warranty Deed
related
—
May 12, 2016
—
Denise L Hockenberry
—
Deed
related
$14,000 · Breezewood INC
—
—
Breezewood INC
—
Deed Of Trust
related
$55,000 · Daryl Sykes
—
—
Breezewood INC
—
Deed Of Trust
related
$128,994 · Edward B JR Brown
—
—
Breezewood INC
—
Deed Of Trust
related
$145,839 · Edward B JR Brown
—
—
Denise L Hockenberry
—
Deed Of Trust
related
$14,000 · Breezewood INC
—
—
Breezewood INC
—
Deed Of Trust
related
$248,000 · Lorain 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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