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Property profile & analytics
OFF-MARKET
Retail space
16308 Detroit Ave Lakewood, OH 44107
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-2328869
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1924
Construction
WOOD
Total area
2,450 SF
Lot
0.18 ac (7,805 SF)
Zoning code
C3
APN
311-30-028
UPID
US66-2328869
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
Trinity Project LLC · 5 yrs held
Trinity Project LLC
since 2021
3 recorded transactions
Zoning & alternative use
C3 · Lakewood, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
TheC3 General Business Districtis established to provide for commercial uses that generally require independent, freestanding buildings, larger parking areas, and may have unique traffic patterns because of such factors as drive-in facilities
Zone name
Commercial General Business
General category
COMMERCIAL
Zone area
151.68 ac
Source
Realmo
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
$4,685
Tax year 2023
Assessed value
$43,260
Assessed 2023
Previous assessed
$43,260
+0.0% YoY
Effective rate
10.83%
On assessed value
Assessed land
$21,840
Assessed improvement
$21,420
Land market value
$62,400
Improvement market value
$61,200
Total market value
$123,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1924
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
2
Total area
2,450 SF
Lot
0.18 ac (7,805 SF)
Zoning code
C3
APN
311-30-028
UPID
US66-2328869
Jurisdiction
CUYAHOGA
Zoning & alternative use
C3 · Lakewood, OHZoning C3 · permitted uses
C3 · Lakewood, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
TheC3 General Business Districtis established to provide for commercial uses that generally require independent, freestanding buildings, larger parking areas, and may have unique traffic patterns because of such factors as drive-in facilities
Zone name
Commercial General Business
General category
COMMERCIAL
Zone area
151.68 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1924
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Trinity Project LLC
Entity
Mailing address
13316 MADISON AVE, LAKEWOOD, OH 44107-4895
Ownership since
2021
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
Jun 2, 2023
—
Trinity Project LLC
—
Deed
related
$2,600,000 · Eriebank
Jun 29, 2021
—
Trinity Project LLC
The City Of Lakewood
Limited Warranty Deed
$450,000 · Truenorth Holdings INC
Nov 30, 2018
—
City Of Lakewood
Trinity Lutheran Church
Grant 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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