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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Medical Office Space
1550 Cooper Foster Park W Rd Lorain, OH 44053-3616
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-1257779
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Total area
1,903 SF
Lot
0.71 ac (30,928 SF)
APN
02-02-005-112-018
UPID
US66-1257779
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
Current use
Occupant on record · Public records
-
Parkway Endodontics of Lorain Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
$355k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
Pke Holdings LLC · 3 yrs held
Pke Holdings LLC
since 2022
Last sale
$680,737
2 recorded transactions
Zoning & alternative use
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 Lorain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lorain 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
$535,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
$380,000
6.5%
$355,000
7%
$330,000
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $681k (Aug 31 2022)
Last sale anchor
$681k
Aug 31 2022
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
$271 / 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
$5,575
Tax year 2023
Assessed value
$101,872
Assessed 2023
Previous assessed
$101,872
+0.0% YoY
Effective rate
5.47%
On assessed value
Assessed land
$29,271
Assessed improvement
$72,601
Land market value
$83,630
Improvement market value
$207,430
Total market value
$291,060
Applied tax rate
45.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1993
Heating
NONE
Stories
1
Units
1
Rooms
5
Bathrooms
1
Total area
1,903 SF
Lot
0.71 ac (30,928 SF)
APN
02-02-005-112-018
UPID
US66-1257779
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
Building & site characteristics
From public records
Year built
1993
Heating
NONE
Stories
1
Units
1
Rooms
5
Bathrooms
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Pke Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
18051 JEFFERSON PARK RD, MIDDLEBURG HEIGHTS, OH 44130-3460
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
$295,000
Pke Holdings LLC
Mount Agnes Properties LLC
Warranty Deed
—
Mar 10, 2004
—
Mount Aagnes Properties LLC
Montagnese,thomas A & Kimberly A
Quit Claim Deed
related
—
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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