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Property profile & analytics
FOR SALE
Residential income homes
1497 Coutant Ave Lakewood, OH 44107-5194
Individually Owned
3-yr Hold
Property ID
US66-0611467
For Sale
1 / 18
$600,000
1497 Coutant Ave, Lakewood, OH 44107-5194
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Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1916
Total area
3,968 SF
Lot
0.27 ac (11,639 SF)
Zoning code
R2
APN
315-14-040
UPID
US66-0611467
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
$835k
CAP Approach
CAP
$730k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
Rajeev Aggarwal · 3 yrs held
Rajeev Aggarwal
since 2023
Last sale
$850,000
5 recorded transactions
Zoning & alternative use
R2 · Lakewood, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$640,000
+91.8%
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 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
$865,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
$790,000
6.5%
$730,000
7%
$680,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$640,000
Change: +92% · Conversion: Moderate
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Apr 25 2023)
Last sale anchor
$850k
Apr 25 2023
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
$214 / 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
$8,174
Tax year 2023
Assessed value
$75,470
Assessed 2023
Previous assessed
$75,470
+0.0% YoY
Effective rate
10.83%
On assessed value
Assessed land
$21,460
Assessed improvement
$54,010
Land market value
$61,300
Improvement market value
$154,300
Total market value
$215,600
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
For Sale
Year built
1916
Heating
FORCED AIR
Cooling
NONE
Buildings
2
Stories
2
Units
4
Bathrooms
8
Total area
3,968 SF
Lot
0.27 ac (11,639 SF)
Zoning code
R2
APN
315-14-040
UPID
US66-0611467
Jurisdiction
CUYAHOGA
Zoning & alternative use
R2 · Lakewood, OH
Zoning R2 · permitted uses
R2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$640,000
OFFICE BUILDING
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
1916
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
4
Bathrooms
8
Lot
0.27 ac
Current owner
From public records · entity-resolved
Rajeev Aggarwal
Individual
Mailing address
14632 VLY VIS BLVD, SHERMAN OAKS, CA 91403-4109
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2023
$850,000
Rajeev Aggarwal
Fischer & Payne LLC
Warranty Deed
$637,500 · Aloha Captial LLC
Apr 25, 2023
—
Pettra Holdings LLC
Rajeev Aggarwal
Re-recorded Document
related
—
Nov 23, 2021
$540,000
Fischer & Payne LLC
Leopold E Wetula
Warranty Deed
$1,102,000 · Tiger And Bulldog Fund LLC
Nov 23, 2021
—
Sherry M Fixler
Fischer & Payne LLC
Deed
—
Dec 1, 2009
$150,000
Leopold E Wetula
Stpeter,carole
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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