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Property profile & analytics
OFF-MARKET
Medical Office Space
16110 Detroit Ave Lakewood, OH 44107-3715
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-0314983
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1960
Construction
WOOD
Total area
2,475 SF
Lot
0.27 ac (11,967 SF)
Zoning code
C3
APN
311-30-022
UPID
US66-0314983
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
Sweet Designs Chocolatier INC · 2 yrs held
Sweet Designs Chocolatier INC
since 2024
Last sale
$470,000
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
$10,151
Tax year 2023
Assessed value
$93,730
Assessed 2023
Previous assessed
$68,180
+37.5% YoY
Effective rate
10.83%
On assessed value
Assessed land
$26,810
Assessed improvement
$66,920
Land market value
$76,600
Improvement market value
$191,200
Total market value
$267,800
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
1960
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
2,475 SF
Lot
0.27 ac (11,967 SF)
Zoning code
C3
APN
311-30-022
UPID
US66-0314983
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
1960
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Sweet Designs Chocolatier INC
Entity
Mailing address
16100 DETROIT AVE, LAKEWOOD, OH 44107-3715
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2024
$470,000
Sweet Designs Chocolatier INC
Airedale Enterprises LLC
Limited Warranty Deed
$352,500 · Department Of Development
Jan 20, 2022
$470,000
Airedale Enterprises LLC
Neighborhood Health Care
Limited Warranty Deed
—
Jul 31, 2002
$205,000
Northcoast Health Ministry
Lakewood Hospital Association
Grant Deed
—
—
—
North Coast Health Ministry
—
Deed Of Trust
related
$25,000 · First Fed'l S & L Assn Lakewoo
—
—
North Coast Health Ministry
—
Deed Of Trust
related
$100,000 · First Fed'l S & L Assn Lakewoo
—
—
North Coast Health Ministry
—
Deed Of Trust
related
$150,000 · First Fed'l S&l/lakewood
—
—
North Coast Health Ministry
—
Loan Modification
related
$150,000 · First Federal S & L Lakewood
—
—
North Coast Health Ministry
—
Deed Of Trust
related
$175,000 · First Fed'l S & L Assn Lakewoo
—
—
North Coast Health Ministry
—
Deed Of Trust
related
$50,000 · First Federal Of Lakewood
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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