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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Gas stations
201 Richmond St, Painesville, OH 44077-3226
Entity Owned
7-yr Hold
Free & Clear
Property ID
US66-0633730
Property summary
AI-generated overview
This exceptional retail investment opportunity presents a 4,250 square foot property located at 201 Richmond St, Painesville, OH 44077. The property boasts a strong tenant lineup featuring a BP Gas Station and a Jimmy John's, ensuring 100% occupancy with a remaining lease term of 5.6 years. Built in 2005 and extensively renovated in 2023, this single-story building sits on a 0.54-acre lot (APN: 15-D-008-0-00-012). The property generates a substantial NOI of $204,705, translating to an attractive 9.00% cap rate and a price per square foot of $535.29. The asking price is $2,275,000. Tenants are responsible for their own insurance and utilities. BP covers building insurance and maintains all property operating expenses, including snow removal, landscaping, and trash. BP also reimburses real estate taxes on their portion of the property. A $0.20 annual non-recoverable expense is included in the sale. This is a turnkey investment with significant upside potential.
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
2005
Total area
4,080 SF
Lot
0.54 ac (23,370 SF)
Zoning code
B-4
APN
15-D-008-0-00-012-0
UPID
US66-0633730
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
$602k
Blend (final)
Blend
$615k
Owner & transaction history
201 Richmond Holdings LLC · 7 yrs held
201 Richmond Holdings LLC
since 2019
7 recorded transactions
Zoning & alternative use
B-4 · Painesville, OH
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 Painesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Painesville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±10%
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
$151 / 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
$10,577
Tax year 2023
Assessed value
$106,050
Assessed 2023
Previous assessed
$106,050
+0.0% YoY
Effective rate
9.97%
On assessed value
Assessed land
$53,170
Assessed improvement
$52,880
Land market value
$151,900
Improvement market value
$151,090
Total market value
$302,990
Applied tax rate
15.0000
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,080 SF
Lot
0.54 ac (23,370 SF)
Zoning code
B-4
APN
15-D-008-0-00-012-0
UPID
US66-0633730
Jurisdiction
LAKE
Zoning & alternative use
B-4 · Painesville, OH
Zoning B-4 · permitted uses
B-4 · Painesville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Painesville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
201 Richmond Holdings LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 45238, WESTLAKE, OH 44145-0238
Ownership since
2019
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
Sep 26, 2023
—
201 Richmond Holdings LLC
—
Deed
related
$700,000 · Petroleum Companies INC
Jan 23, 2019
—
201 Richmond Holdings LLC
Faraj,shadi W
Warranty Deed
—
Nov 28, 2007
$393,100
Shadi W Faraj
Siva-6 LLC
Warranty Deed
—
Nov 28, 2007
—
Shadi W Faraj
Faraj,shadi W
Quit Claim Deed
related
$400,000 · Huntington National Bank
Aug 2, 2005
$393,047
Shadi Faraj
Siva-6 LLC
Grant Deed
—
Sep 24, 2003
—
Siva-6 LLC
Otg 2 LLC
Quit Claim Deed
related
—
Jul 30, 1999
$155,600
Otg 2 LLC
Clark Refining & Marketing INC
Grant Deed
$195,000,000 · Ffca Acquisition Corp
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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