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Property profile & analytics
OFF-MARKET
Residential income homes
19280 Lorain Rd Fairview Park, OH 44126-1917
Entity Owned
2-yr Hold
Property ID
US66-1701316
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1954
Construction
WOOD
Total area
4,582 SF
Lot
0.14 ac (6,157 SF)
Zoning code
GB-A
APN
323-12-009
UPID
US66-1701316
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tarawa LLC · 2 yrs held
Tarawa LLC
since 2023
Last sale
$240,000
7 recorded transactions
Zoning & alternative use
GB-A · Fairview Park, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the GB-A district is to provide areas for the Retail business stores and services
Zone name
General Business A
General category
COMMERCIAL
Zone area
164.24 ac
Source
Realmo
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 Fairview Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairview Park 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
—
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
$7,949
Tax year 2023
Assessed value
$73,260
Assessed 2023
Previous assessed
$73,260
+0.0% YoY
Effective rate
10.85%
On assessed value
Assessed land
$12,920
Assessed improvement
$60,340
Land market value
$36,900
Improvement market value
$172,400
Total market value
$209,300
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1954
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
2
Total area
4,582 SF
Lot
0.14 ac (6,157 SF)
Zoning code
GB-A
APN
323-12-009
UPID
US66-1701316
Jurisdiction
CUYAHOGA
Zoning & alternative use
GB-A · Fairview Park, OHZoning GB-A · permitted uses
GB-A · Fairview Park, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the GB-A district is to provide areas for the Retail business stores and services
Zone name
General Business A
General category
COMMERCIAL
Zone area
164.24 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1954
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Tarawa LLC
Entity
Mailing address
1346 PARK ROW, LAKEWOOD, OH 44107-3104
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2023
$240,000
Tarawa LLC
19280 Lorain LLC
Warranty Deed
$120,000 · First Fsla Of Lakewood
Nov 6, 2023
—
19280 Lorain LLC
Timothy G Esther
Correction Deed
related
—
Feb 19, 2008
—
19280 Lorain LLC
19280 Lorain Road LLC
Quit Claim Deed
related
$198,000 · Key Bank NA
Nov 15, 2001
—
19280 Lorain Road LLC
Esther,timothy G & Mary C
Grant Deed
related
—
Sep 8, 1998
$180,000
Timothy G Esther
Fussner,william A & Edna J
Grant Deed
$143,000 · Key Bank NA
—
—
Timothy G Esther
—
Deed Of Trust
related
$155,000 · Key Bank NA
—
—
19280 Lorain LLC
—
Deed Of Trust
related
$148,000 · Charter One Bank
—
—
19280 Lorain LLC
—
Deed Of Trust
related
$35,000 · Charter One Bank
—
—
Timothy G Esther
—
Deed Of Trust
related
$151,565 · Key Bank NA
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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