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Property profile & analytics
OFF-MARKET
Estimated value
$240,000
Drive through restaurants
175 Erie St Painesville, OH 44077-3909
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1976024
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1984
Total area
4,681 SF
Lot
1.81 ac (79,061 SF)
Zoning code
B-4
APN
15-D-004-0-00-002-0
UPID
US66-1976024
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
$240k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$240k
Owner & transaction history
Lake County Board Of Commissioners · 2 yrs held
Lake County Board Of Commissioners
since 2023
7 recorded transactions
Zoning & alternative use
B-4 · Painesville, OH
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 Painesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Painesville 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
by Request
ML approach
$240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$240k
Range $216k – $264k · ±10%
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
$51 / 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
$24,679
Tax year 2023
Assessed value
$199,280
Assessed 2023
Previous assessed
$199,280
+0.0% YoY
Effective rate
12.38%
On assessed value
Assessed land
$96,850
Assessed improvement
$102,430
Land market value
$276,710
Improvement market value
$292,670
Total market value
$569,380
Applied tax rate
15.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,681 SF
Lot
1.81 ac (79,061 SF)
Zoning code
B-4
APN
15-D-004-0-00-002-0
UPID
US66-1976024
Jurisdiction
LAKE
Zoning & alternative use
B-4 · Painesville, OHZoning B-4 · permitted uses
B-4 · Painesville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Painesville, OH
Building & site characteristics
From public records
Year built
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.81 ac
Current owner
From public records · entity-resolved
Lake County Board Of Commissioners
Entity
Mailing address
106 YORK RD, JENKINTOWN, PA 19046-3233
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2023
—
Lake County Board Of Commissioners
Arc Bkmst41001 LLC
Limited Warranty Deed
—
Aug 26, 2020
—
Toms King Ohio LLC
—
Deed
related
$51,500,000 · Bank Of America
Jul 31, 2020
—
Arc Bkmst41001 LLC
—
Deed
related
$71,500,000 · Column Financial INC
Nov 22, 2013
$1,304,400
Arc Bkmst41001 LLC
Toms King Re Ohio LLC
Grant Deed
—
Aug 23, 2012
—
Toms King Re Ohio LLC
—
Deed Of Trust
related
$39,825,000 · Bank Of America
Apr 25, 2012
$1,074,500
Toms King Re Ohio LLC
Pmsre LLC
Grant Deed
—
Jan 26, 2012
—
Pmsre LLC
Sfrep Oh LLC
Grant Deed
—
Mar 23, 2010
—
Sfrep Oh LLC
—
Deed Of Trust
related
$22,000,000 · Huntington National Bank
Mar 18, 2010
—
Sfrep Oh LLC
Spence William R JR
Quit Claim Deed
related
—
—
—
Toms King Ohio LLC
—
Deed Of Trust
related
$17,000,000 · Bank Of America
—
—
Arc Bkmst41001 LLC
—
Deed Of Trust
related
$655,000,000 · Barclays Bk/plc
—
—
Toms King Ohio LLC
—
Loan Modification
related
$51,500,000 · Bank Of America
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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