Entity Owned Property summary
AI-generated overview
A ground-leased industrial facility located in Elyria, approximately 25 miles west of Cleveland, with access to major transportation corridors including I-80/90 Ohio Turnpike and I-480 for regional connectivity. The site is configured for industrial use and was historically operated under an in-place ground lease structure with an operating tenant, North American Kitchen Solutions, which provided equipment support, installation, and servicing for restaurant, institutional kitchen, and foodservice operators. The property is presented as having an established, tenant-supported operating arrangement, contributing to a relatively low-maintenance management posture and limiting the need for recurring capital expenditures compared with non-tenant-occupied configurations.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1996
Total area
22,620 SF
Lot
1.53 ac (66,647 SF)
APN
06-25-007-000-219
UPID
US66-2072704
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Production Facility
-
Kitchen & Bath Showroom Furniture & Home Goods
-
(Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.84M
CAP Approach
CAP
$1.32M
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$1.83M
Owner & transaction history
since 2023
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
Top alternative use upside
Restaurant
$2.5M
+85.9%
Medical building
$2.1M
+58.3%
Auto repair, garage
$1.9M
+39.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.83M
Value range
$1.64M – $2.01M
±10% around blend
Estimated value / SF
$81 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
40
$1.64M
blend $1.83M
$2.01M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
22,620 SF
Lot area
1.53 ac
Year built
1996
Stories
1
APN
06-25-007-000-219
Assessed value
$420,578
Annual tax
$30,577
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.32M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.43M
@ 6.5% CAP return
$1.32M
@ 7% CAP return
$1.22M
4
Sales comparison
Partial preview
Sales approach indication
$641k
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.0 mi away · 28,600 SF
17.2 mi away · 16,888 SF
23.6 mi away · 28,640 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.83M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 22 sales
$59
+37%
Submarket 26 sales
$61
+32%
County 59 sales
$58
+40%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $81/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+86%
vs current-use indication
Medical Building
Auto Repair, Garage
Office Building
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
4.70%
Implied, in-place cap rate for this other industrial properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.70%
9.0%
NOI (est.)
$118k *
Last sale · Jul 2023
$1.69M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.52M
Move the market yield to see immediate price impact.
Value / SF
$111
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.20%4.70%5.20%
$106k
$2.54M
$2.27M
$2.05M
$118k
$2.82M
$2.52M
$2.28M
$130k
$3.10M
$2.77M
$2.50M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$550k
10.0 mi · Apr 2026 · $21/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,577
Tax year 2023
Assessed value
$420,578
Assessed 2023
Previous assessed
$420,580
0.0% YoY
Effective rate
7.27%
On assessed value
Assessed land
$26,775
Assessed improvement
$393,803
Land market value
$76,500
Improvement market value
$1,125,150
Total market value
$1,201,650
Applied tax rate
33.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1996
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
22,620 SF
Lot
1.53 ac (66,647 SF)
APN
06-25-007-000-219
UPID
US66-2072704
Jurisdiction
LORAIN
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
1.53 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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