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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Office buildings
21245 Lorain Rd Fairview Park, OH 44126-2146
Entity Owned
9-yr Hold
Free & Clear
Property ID
US66-1959253
Property summary
AI-generated overview
This exceptional two-story, 18,752-square-foot office building, situated on 0.71 acres at 21245 Lorain Rd, Fairview Park, Ohio 44126 (cross streets: Lorain and W. 220th St.), presents a unique investment opportunity. Built in 1975, this Class C property features a single building with an elevator and ample parking. Currently, 4,405 square feet of space is available for lease, encompassing multiple suites. Two prominent suites are immediately available: one offering 3,525 square feet with 14 private offices, a reception area, a large bullpen, and two private restrooms
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Construction
TYPE NOT SPECIFIED
Total area
18,752 SF
Lot
0.71 ac (30,928 SF)
Zoning code
GB-A
APN
321-34-032
UPID
US66-1959253
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
$1.00M
Blend (final)
Blend
$925k
Owner & transaction history
21245 Lorain Road LLC · 9 yrs held
21245 Lorain Road LLC
since 2017
2 recorded transactions
Zoning & alternative use
GB-A · Fairview Park, 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 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
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
$925k
Range $833k – $1.02M · ±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
$49 / 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
$11,872
Tax year 2023
Assessed value
$113,930
Assessed 2023
Previous assessed
$113,930
+0.0% YoY
Effective rate
10.42%
On assessed value
Assessed land
$68,220
Assessed improvement
$45,710
Land market value
$194,900
Improvement market value
$130,600
Total market value
$325,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1975
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
6
Bathrooms
1
Total area
18,752 SF
Lot
0.71 ac (30,928 SF)
Zoning code
GB-A
APN
321-34-032
UPID
US66-1959253
Jurisdiction
CUYAHOGA
Zoning & alternative use
GB-A · Fairview Park, OH
Zoning 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
Fairview Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
6
Bathrooms
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
21245 Lorain Road LLC
Entity
Free & Clear · 9 yrs held
Mailing address
35424 SADDLE CRK, AVON, OH 44011-4910
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2017
—
21245 Lorain Road LLC
Brahaxhia,shpend
Warranty Deed
related
—
May 24, 2017
$310,000
Shpend Brahaxhia
Conforto James R Trust
Grant Deed
—
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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