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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Commercial real estate
1585 361st St Eastlake, OH 44095-5344
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-2441567
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Total area
8,000 SF
Lot
1 ac (43,560 SF)
Zoning code
G-IND
APN
34-A-005-0-00-009-0
UPID
US66-2441567
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
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$817k
Blend (final)
Blend
$920k
Owner & transaction history
Lcw Properties LLC · 3 yrs held
Lcw Properties LLC
since 2023
Last sale
$920,000
3 recorded transactions
Zoning & alternative use
G-IND · Eastlake, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+78.6%
Auto repair, garage
$670,000
+4.4%
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 Eastlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eastlake 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
$995,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$640,000
Current use
RESTAURANT
$1,145,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$670,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$625,000
Change: -2% · Conversion: Easy
MEDICAL BUILDING
$565,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $920k (Jul 12 2023)
Last sale anchor
$920k
Jul 12 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
$115 / 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
$11,937
Tax year 2023
Assessed value
$141,030
Assessed 2023
Previous assessed
$141,030
+0.0% YoY
Effective rate
8.46%
On assessed value
Assessed land
$38,120
Assessed improvement
$102,910
Land market value
$108,900
Improvement market value
$294,040
Total market value
$402,940
Applied tax rate
34.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
8,000 SF
Lot
1 ac (43,560 SF)
Zoning code
G-IND
APN
34-A-005-0-00-009-0
UPID
US66-2441567
Jurisdiction
LAKE
Zoning & alternative use
G-IND · Eastlake, OHZoning G-IND · permitted uses
G-IND · Eastlake, OH
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
COMMERCIAL (GENERAL) Current
Est. value
$640,000
RESTAURANT
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$670,000
RETAIL STORES
Est. value
$625,000
MEDICAL BUILDING
Est. value
$565,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL 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
1980
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
1 ac
Current owner
From public records · entity-resolved
Lcw Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
379 N STONEHAVEN DR, HIGHLAND HEIGHTS, OH 44143-3632
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2023
$920,000
Lcw Properties LLC
Susman Properites LLC
Warranty Deed
—
Jul 12, 2023
—
Susman Properites LLC
Murray M Susman
Correction Deed
related
—
May 24, 2012
—
Susman Properties LLC
Susman Murray H & Sheldon
Quit Claim 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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