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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Retail space
14711 Madison Ave Lakewood, OH 44107-4305
Entity Owned
12-yr Hold
Free & Clear
Property ID
US66-0052386
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
TYPE NOT SPECIFIED
Total area
5,084 SF
Lot
0.4 ac (17,340 SF)
Zoning code
C2
APN
314-18-001
UPID
US66-0052386
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
$750k
Comparable Approach
Comparable
$561k
Blend (final)
Blend
$580k
Owner & transaction history
Qh Madison14711 LLC · 12 yrs held
Qh Madison14711 LLC
since 2014
3 recorded transactions
Zoning & alternative use
C2 · Lakewood, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
TheC2 Retail Districtis established to provide standards for the continued operation of small commercial establishments. This district would permit those retail uses that typically locate side by side to create a shopping environment that encourages pedestrian interaction between stores and where stores thrive on being adjacent to other retail uses
Zone name
Commercial Retail
General category
COMMERCIAL
Zone area
181.70 ac
Source
Realmo
Top alternative use upside
Restaurant
$860,000
+163.2%
Office building
$820,000
+152.4%
Medical building
$550,000
+69.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$815,000
6.5%
$750,000
7%
$700,000
Alternative Use
Use
Estimation
RESTAURANT
$860,000
Change: +163% · Conversion: Easy
OFFICE BUILDING
$820,000
Change: +152% · Conversion: Easy
MEDICAL BUILDING
$550,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$515,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$450,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$430,000
Change: +32% · Conversion: Difficult
COMMERCIAL (GENERAL)
$420,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$580k
Range $522k – $638k · ±10%
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
$114 / 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
$54,024
Tax year 2023
Assessed value
$498,830
Assessed 2023
Previous assessed
$498,830
+0.0% YoY
Effective rate
10.83%
On assessed value
Assessed land
$48,060
Assessed improvement
$450,770
Land market value
$137,300
Improvement market value
$1,287,900
Total market value
$1,425,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2006
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
5,084 SF
Lot
0.4 ac (17,340 SF)
Zoning code
C2
APN
314-18-001
UPID
US66-0052386
Jurisdiction
CUYAHOGA
Zoning & alternative use
C2 · Lakewood, OHZoning C2 · permitted uses
C2 · Lakewood, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
TheC2 Retail Districtis established to provide standards for the continued operation of small commercial establishments. This district would permit those retail uses that typically locate side by side to create a shopping environment that encourages pedestrian interaction between stores and where stores thrive on being adjacent to other retail uses
Zone name
Commercial Retail
General category
COMMERCIAL
Zone area
181.70 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$860,000
OFFICE BUILDING
Est. value
$820,000
MEDICAL BUILDING
Est. value
$550,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$450,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$430,000
COMMERCIAL (GENERAL)
Est. value
$420,000
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2006
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Qh Madison14711 LLC
Entity
Free & Clear · 12 yrs held
Mailing address
10951 SORRENTO VLY RD STE 2A, SAN DIEGO, CA 92121-1613
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2014
$2,160,000
Qh Madison14711 LLC
Alliance Lakewood LLC
Grant Deed
—
Apr 6, 2012
$1,684,000
Alliance Lakewood LLC
Madison Warren Properties Ltd
Grant Deed
$1,086,000 · First Place Bank
Mar 16, 2006
$500,000
Madison Warren Properties Ltd
True North Energy LLC
Warranty Deed
$1,275,000 · Huntington 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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