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Property profile & analytics
FOR SALE
Manufacturing properties
1820 Iowa Ave Lorain, OH 44052
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-0714475
For Sale
1 / 18
$1,850,000
1820 Iowa Ave, Lorain, OH 44052
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Year built
1968
Total area
36,424 SF
Lot
2.68 ac (116,741 SF)
APN
02-00-051-141-036
UPID
US66-0714475
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
-
Angelica (Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$585k
Blend (final)
Blend
$510k
Owner & transaction history
Kaczur Property I LLC · 2 yrs held
Kaczur Property I LLC
since 2023
Last sale
$315,000
7 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 Lorain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lorain 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
$340,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $315k (Aug 15 2023)
Last sale anchor
$315k
Aug 15 2023
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
$14 / 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
$23,688
Tax year 2023
Assessed value
$301,480
Assessed 2023
Previous assessed
$301,480
+0.0% YoY
Effective rate
7.86%
On assessed value
Assessed land
$26,142
Assessed improvement
$275,338
Land market value
$74,690
Improvement market value
$786,680
Total market value
$861,370
Applied tax rate
42.0000
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
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Status
For Sale
Year built
1968
Heating
NONE
Stories
1
Units
1
Total area
36,424 SF
Lot
2.68 ac (116,741 SF)
APN
02-00-051-141-036
UPID
US66-0714475
Jurisdiction
LORAIN
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
Stories
1
Units
1
Lot
2.68 ac
Current owner
From public records · entity-resolved
Kaczur Property I LLC
Entity
Free & Clear · 2 yrs held
Mailing address
42985 N RDG RD, ELYRIA, OH 44035-1052
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2023
$315,000
Kaczur Property I LLC
9w Halo Opco LP
Limited Warranty Deed
—
Jul 7, 2020
—
Crow Shooting Supply INC
—
Deed
related
$5,000,000 · Bankers Tr
Aug 18, 2017
—
9w Halo Opco LP
9w Halo Holdings LP
Quit Claim Deed
related
—
Jul 12, 2017
$560,000
Angelica Healthcare Svcs Group
Angelica Textile Services INC
Grant Deed
related
—
Aug 7, 2008
—
Angelica Textile Services INC
—
Deed Of Trust
related
$138,000,000 · Regions Bank
—
—
Angelica Textile Services INC
—
Deed Of Trust
related
$126,000,000 · Cortland Cap Market Svcs LLC
—
—
Crow Shooting Supply INC
—
Deed Of Trust
related
$5,000,000 · Bankers Tr
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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