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Property profile & analytics
OFF-MARKET
Residential income homes
1486-1488 117th St Lakewood, OH 44107
Entity Owned
3-yr Hold
Property ID
US66-5970260
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1916
Construction
WOOD
Total area
7,344 SF
Lot
0.14 ac (6,120 SF)
Zoning code
C3
APN
315-14-003
UPID
US66-5970260
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Apte Holdings LLC · 3 yrs held
Apte Holdings LLC
since 2023
7 recorded transactions
Zoning & alternative use
C3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,984
Tax year 2023
Assessed value
$73,720
Assessed 2023
Previous assessed
$73,720
+0.0% YoY
Effective rate
10.83%
On assessed value
Assessed land
$15,020
Assessed improvement
$58,700
Land market value
$42,900
Improvement market value
$167,700
Total market value
$210,600
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1916
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Stories
2
Units
4
Bathrooms
4
Total area
7,344 SF
Lot
0.14 ac (6,120 SF)
Zoning code
C3
APN
315-14-003
UPID
US66-5970260
Jurisdiction
CUYAHOGA
Zoning & alternative use
C3 · Lakewood, OH
Zoning C3 · permitted uses
C3 · 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
1916
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
Apte Holdings LLC
Entity
Mailing address
6200 ROCKSIDE WOODS BLVD N STE #100, INDEPENDENCE, OH 44131-2392
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2023
—
Apte Holdings LLC
Fischer & Payne LLC
Warranty Deed
$372,000 · Commercial Lender LLC
Nov 23, 2021
—
Sherry M Fixler
Fischer & Payne LLC
Deed
—
Dec 2, 2016
$200,000
Leopold E Wetula
Nijem,yousef
Warranty Deed
$141,000 · Amerifirst Fin'l
Jan 16, 2009
$180,000
Yousef Nijem
1486 W 117th LLC
Warranty Deed
$130,577 · Huntington National Bank
May 15, 2006
—
1486 W 117th LLC
Citron,james
Quit Claim Deed
related
—
Mar 27, 2006
$287,000
James Citron
Ali,steve & Christina D
Warranty Deed
$229,600 · Credit Suisse Financial Corp
May 27, 2004
$249,000
Steve Ali
Solomon,jeanine
Grant Deed
$186,750 · Washington Mutual Fsb
—
—
Jeanie A Solomon
—
Deed Of Trust
related
$177,625 · Dollar Bank Fsb
—
—
Yousef Nijem
—
Deed Of Trust
related
$130,577 · Huntington National Bank
—
—
Jeanine Solomon
—
Deed Of Trust
related
$180,500 · Dollar Bank Fsb
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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