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Property profile & analytics
OFF-MARKET
Drive through restaurants
16729 Lorain Ave, Cleveland, OH 44111-5508
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-6243489
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1979
Construction
TYPE NOT SPECIFIED
Total area
2,445 SF
Lot
0.54 ac (23,637 SF)
Zoning code
LR
APN
025-27-001
UPID
US66-6243489
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
-
food place yum Restaurant
-
Chipotle Mexican Grill Restaurant
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
Lrc Lb Lorain Investors LLC · 4 yrs held
Lrc Lb Lorain Investors LLC
since 2021
7 recorded transactions
Zoning & alternative use
LR · Cleveland, 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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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
$17,862
Tax year 2023
Assessed value
$178,850
Assessed 2023
Previous assessed
$178,850
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$68,250
Assessed improvement
$110,600
Land market value
$195,000
Improvement market value
$316,000
Total market value
$511,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1979
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,445 SF
Lot
0.54 ac (23,637 SF)
Zoning code
LR
APN
025-27-001
UPID
US66-6243489
Jurisdiction
CUYAHOGA
Zoning & alternative use
LR · Cleveland, OH
Zoning LR · permitted uses
LR · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Lrc Lb Lorain Investors LLC
Entity
Mailing address
2424 RDG RD, ROCKWALL, TX 75087-5116
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
—
Lrc Ld Lorain Investors LLC
—
Deed
related
$1,064,912 · Commonwealth Bank
Dec 23, 2021
—
Lrc Lb Lorain Investors LLC
Lrc Ld Lorain Investors LLC
Warranty Deed
—
Dec 30, 2011
$339,250
Lrc Ld Lorain Investors LLC
Cleveland Retail Props Trust L
Grant Deed
—
Jan 7, 2011
—
Cleveland Retail Props Trust Ltd
Lagua,felicisimo R & Herminia R
Warranty Deed
related
—
Jul 30, 2007
—
Premier Restaurant Mgmt Co
—
Deed Of Trust
related
$20,800,000 · Citicorp Leasing INC
Dec 14, 2006
$1,300,000
Felicisimo Lagua
Prmc LLC
Grant Deed
$890,000 · Bond Street Capital Corp
Apr 6, 2001
—
Prmc LLC
Premier Restaurant Mgmt Co
Deed Of Trust
related
$1,102,500 · Ffca Acquisition Corp
—
—
Lrc Ld Lorain Investors LLC
—
Deed Of Trust
related
$825,000 · Farmers Nat'l Bk/canfield
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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