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    Property profile & analytics

    20 Bowhall Rd Painesville, OH 44077-5215

    • Warehouses
    • 10,012 SF
    • 0.74 lot acres
    OFF-MARKET
    Value Estimations
    $210,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0633861
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 20 Bowhall Rd

    Year built
    1973
    Lot size
    0.74 lot acres
    Property size
    10,012 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    11-A-022-B-00-024-0
    APU
    11A022B000240

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $210,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $305,000
      Market price range: $306k - $845k
      AI Estimate
      $180,000
      Market price range: $173k - $559k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Painesville
    County
    Lake
    State
    Ohio
    Longitude
    -81.2064
    Latitude
    41.7273
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,746
    $14,860
    $42,680
    $57,540
    -
    $42,470
    $121,930
    $164,400

    Comparable in this City

    • Value Estimation
      $215,000
      1,320 SF

      High St

      MINI-WAREHOUSE, STORAGE • 1,320 SF
      High St, Painesville, OH 44077
      View Details
    • Value Estimation
      $370,000
      4,716 SF

      1865 Blase Nemeth Rd

      MINI-WAREHOUSE, STORAGE • 4,716 SF
      1865 Blase Nemeth Rd, Painesville, OH 44077
      View Details
    • Value Estimation
      $110,000
      2,400 SF

      563 Chicago St, Unit 569

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      563 Chicago St, Painesville, OH 44077-1205
      View Details
    • Value Estimation
      $295,000
      13,968 SF

      649 Hoyt St

      MINI-WAREHOUSE, STORAGE • 13,968 SF
      649 Hoyt St, Painesville, OH 44077-3617
      View Details
    • Value Estimation by Request
      11,044 SF

      8120 Auburn Rd

      MINI-WAREHOUSE, STORAGE • 11,044 SF
      8120 Auburn Rd, Concord Township, OH 44077-9179
      View Details
    • Value Estimation
      $195,000
      12,112 SF

      411 State St, Unit 428

      MINI-WAREHOUSE, STORAGE • 12,112 SF
      411 State St, Painesville, OH 44077-4142
      View Details

    Similar Nearby for Sale

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      10,458 SF

      Retail Building with Warehouse Space

      Retail building with warehouse, showroom, and fenced yard.
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    • $575,000
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      Painesville Warehouse - $575K

      Industrial building, 21,046 sq ft, 4.45 acres
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      8,199 SF

      Freestanding Industrial Building For Sale

      8,199 SF industrial building on 1 AC, built in 1980.
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    • $700,000
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      Prime Painesville Warehouse - 8,199 SF

      Exceptional Painesville industrial warehouse for sale.
      444 Newell St, Painesville, OH 44077
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    • $160,000
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      Painesville Commercial Property For Sale

      Commercial property with B-3 zoning, suitable for office or retail.
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    • $525,000
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      Industrial Building with Warehouse Space

      21,046 SF industrial building with warehouse and office space.
      466 W Jackson St, Painesville, OH 44077
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    Similar Nearby for Lease

    • Contact for pricing
      12,205 SF

      Painesville Retail Warehouse Space

      Lake County retail warehouse, 2 suites available.
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    • Contact for pricing
      2,010 SF

      Retail Space Near Interstate 90

      Retail spaces available in new development near Interstate 90.
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    • $13 SF/Yr
      35,422 SF

      Downtown Painesville Redevelopment Opportunity

      Restaurant and office suites available in revitalized downtown Painesville.
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    • Contact for pricing
      4,750 SF

      Crystal Plaza Retail Space Available

      Prime Painesville Retail Space - High Traffic Location
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    • Contact for pricing
      1,340 SF

      Painesville Retail Space - Mentor Ave

      Prime Painesville retail space, 1340 sq ft.
      1640 Mentor Ave, Painesville, OH 44077
      View Details
    • Contact for pricing

      Painesville Commercial Land Opportunity

      10.6 Acres, Single Tenant Potential
      1847 Ridge Rd, Painesville, OH 44077
      View Details
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    20 Bowhall Rd
    Painesville, OH 44077-5215
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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