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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Outlet malls
180 State St Painesville, OH 44077
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-6268071
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2007
Total area
15,614 SF
Lot
1.92 ac (83,809 SF)
Zoning code
B-4
APN
15-A-007-0-00-055-0
UPID
US66-6268071
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
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$935k
Blend (final)
Blend
$850k
Owner & transaction history
La Candelaria Mexican Store INC · 1 yrs held
La Candelaria Mexican Store INC
since 2024
Last sale
$850,000
3 recorded transactions
Zoning & alternative use
B-4 · Painesville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Painesville, OH
Top alternative use upside
Office building
$1.4M
+129.5%
Auto repair, garage
$1.3M
+117.0%
Medical building
$1.1M
+82.1%
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
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$605,000
Current use
OFFICE BUILDING
$1,385,000
Change: +129% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,310,000
Change: +117% · Conversion: Difficult
MEDICAL BUILDING
$1,100,000
Change: +82% · Conversion: Difficult
COMMERCIAL (GENERAL)
$945,000
Change: +57% · Conversion: Easy
WAREHOUSE, STORAGE
$885,000
Change: +46% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$680,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Oct 10 2024)
Last sale anchor
$850k
Oct 10 2024
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
$54 / 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
$60,841
Tax year 2023
Assessed value
$617,540
Assessed 2023
Previous assessed
$617,540
+0.0% YoY
Effective rate
9.85%
On assessed value
Assessed land
$311,620
Assessed improvement
$305,920
Land market value
$890,350
Improvement market value
$874,070
Total market value
$1,764,420
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
15,614 SF
Lot
1.92 ac (83,809 SF)
Zoning code
B-4
APN
15-A-007-0-00-055-0
UPID
US66-6268071
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$605,000
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$945,000
WAREHOUSE, STORAGE
Est. value
$885,000
INDUSTRIAL (GENERAL)
Est. value
$680,000
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.92 ac
Current owner
From public records · entity-resolved
La Candelaria Mexican Store INC
Entity
Free & Clear · 1 yrs held
Mailing address
41 W WALNUT AVE, PAINESVILLE, OH 44077-2923
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2024
$750,000
La Candelaria Mexican Store INC
Rite Aid Of Ohio INC
Quit Claim Deed
related
—
Nov 22, 2006
$850,000
Rite Aid Of Ohio INC
Juniors Laundromat LLC
Warranty Deed
—
Feb 11, 2002
$215,000
Juniors Laundromat LLC
Kenrob Investment Co
Grant Deed
$500,000 · Sky Bank
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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