Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$8,090,000
High-rise multifamily apartments
1800 Rhodes Rd Kent, OH 44240-4279
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US66-1236978
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1968
Total area
302,660 SF
Lot
9.96 ac (433,858 SF)
APN
17-015-00-00-016
UPID
US66-1236978
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
-
College Towers Apartments Real Estate Agency
-
Chop Jollof Restaurant
-
Lii's Braids and Dreadlocks Hair Salon Nail Salon
-
Humanity In Mind Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.09M
Owner & transaction history
Dsmp Kent LLC · 22 yrs held
Dsmp Kent LLC
since 2004
5 recorded transactions
Zoning & alternative use
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 Kent submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kent 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
$27 / 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
$295,000
Tax year 2023
Assessed value
$4,282,360
Assessed 2023
Previous assessed
$4,282,360
+0.0% YoY
Effective rate
6.89%
On assessed value
Assessed land
$384,300
Assessed improvement
$3,898,060
Land market value
$1,098,000
Improvement market value
$11,137,300
Total market value
$12,235,300
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1968
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
457
Total area
302,660 SF
Lot
9.96 ac (433,858 SF)
APN
17-015-00-00-016
UPID
US66-1236978
Jurisdiction
PORTAGE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1968
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
457
Lot
9.96 ac
Current owner
From public records · entity-resolved
Dsmp Kent LLC
Entity
Mailing address
30195 CHAGRIN BLVD STE #305, CLEVELAND, OH 44124-5719
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2024
—
Dsmp - Kent LLC
—
Deed
related
$13,400,000 · Symetra Life Insurance Company An Iow
May 10, 2004
$6,860,000
Dsmp Kent LLC
Associated Estates Realty Corp
Grant Deed
$8,650,000 · Column Financial INC
Apr 19, 2002
—
Associated Estates Realty Corp
Gates Mills Properties LLC
Grant Deed
related
—
Dec 31, 2001
—
Gates Mills Properties LLC
Kent State Apartment Co
Grant Deed
related
—
—
—
Dsmp-kent LLC
—
Deed Of Trust
related
$16,460,000 · Gs Com'l R/e
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1800 Rhodes Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
