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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Apartment buildings
1906 Lexington Ave 1 Lorain, OH 44052-3772
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2132272
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Total area
3,420 SF
Lot
0.34 ac (14,810 SF)
APN
02-01-003-153-029
UPID
US66-2132272
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
$560k
CAP Approach
CAP
$450k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
Brit Abroad Us Re Investments LLC · 1 yrs held
Brit Abroad Us Re Investments LLC
since 2025
Last sale
$590,000
6 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
$595,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$490,000
6.5%
$450,000
7%
$420,000
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $590k (Jun 3 2025)
Last sale anchor
$590k
Jun 3 2025
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
$171 / 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
$4,126
Tax year 2023
Assessed value
$52,500
Assessed 2023
Previous assessed
$52,510
0.0% YoY
Effective rate
7.86%
On assessed value
Assessed land
$7,875
Assessed improvement
$44,625
Land market value
$22,500
Improvement market value
$127,500
Total market value
$150,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1968
Heating
NONE
Stories
2
Units
1
Total area
3,420 SF
Lot
0.34 ac (14,810 SF)
APN
02-01-003-153-029
UPID
US66-2132272
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
2
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Brit Abroad Us Re Investments LLC
Entity
Mailing address
43215 COOPER FOSTER PARK RD W, LORAIN, OH 44053-3771
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2025
$590,000
Brit Abroad Us Re Investments LLC
Taylor Properties LLC
Warranty Deed
$413,000 · Conventus LLC
Oct 12, 2017
$150,000
Taylor Props
Palouse Capital Group LLC
Warranty Deed
$150,000 · Kent Sutton
Oct 31, 2016
—
Palouse Capital Group LLC
Mitau LLC
Warranty Deed
related
—
Jun 17, 2015
$125,000
Mitau LLC
Shiff-gary INC
Warranty Deed
—
Jul 25, 2013
—
Shiff-gary INC
Strnad Louis
Grant Deed
related
—
Jun 4, 2010
$90,000
Lewis Strnad
Shiff-gary INC
Quit Claim Deed
related
$267,500 · Shiff-gary INC
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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