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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Manufacturing properties
2160 Halstead Ave Lakewood, OH 44107-6244
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-2128430
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1954
Construction
TYPE NOT SPECIFIED
Total area
14,430 SF
Lot
0.71 ac (31,039 SF)
Zoning code
I
APN
315-21-010
UPID
US66-2128430
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
$910k
Comparable Approach
Comparable
$598k
Blend (final)
Blend
$760k
Owner & transaction history
2160 Halstead LLC · 10 yrs held
2160 Halstead LLC
since 2016
5 recorded transactions
Zoning & alternative use
I · Lakewood, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
4-3 Table 17.4.1 Table 17.4.1: Use Table Land Use Zone District Supplemental Standards Reside ntial Mixed Use Commercial and Light Industrial R-1-43 R-1-18 R-1-12 R-1-9 R-1-6 R-2 R-MF R-MH M-N M-G M-C M-E M-R C-R C-L L-I LI-RD P = Permitted A = Accessory S = Special L = Limited [blank] = Prohibited Residential Single-family dwelling unit P P P P P P P P Acce…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
94.51 ac
Source
Complete Zoning Ordinance
Top alternative use upside
Apartment house (5+ units)
$1.2M
+95.5%
Commercial (general)
$1.2M
+92.2%
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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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%
$990,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$620,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,215,000
Change: +96% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,195,000
Change: +92% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$53 / 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
$14,671
Tax year 2023
Assessed value
$135,460
Assessed 2023
Previous assessed
$135,460
+0.0% YoY
Effective rate
10.83%
On assessed value
Assessed land
$13,760
Assessed improvement
$121,700
Land market value
$39,300
Improvement market value
$347,700
Total market value
$387,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1954
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Total area
14,430 SF
Lot
0.71 ac (31,039 SF)
Zoning code
I
APN
315-21-010
UPID
US66-2128430
Jurisdiction
CUYAHOGA
Zoning & alternative use
I · Lakewood, OHZoning I · permitted uses
I · Lakewood, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
4-3 Table 17.4.1 Table 17.4.1: Use Table Land Use Zone District Supplemental Standards Reside ntial Mixed Use Commercial and Light Industrial R-1-43 R-1-18 R-1-12 R-1-9 R-1-6 R-2 R-MF R-MH M-N M-G M-C M-E M-R C-R C-L L-I LI-RD P = Permitted A = Accessory S = Special L = Limited [blank] = Prohibited Residential Single-family dwelling unit P P P P P P P P Accessory dwelling unit L L L L L L L L L L L L L L L See Section 17.4.3.1:A Duplex
Zone name
Industrial
General category
INDUSTRIAL
Zone area
94.51 ac
Source
Complete Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$620,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1954
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
2160 Halstead LLC
Entity
Mailing address
2160 HALSTEAD AVE, LAKEWOOD, OH 44107-6244
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2016
$300,000
2160 Halstead LLC
Realty Acquisitions Co Ltd
Warranty Deed
$268,000 · Keybank USA
Sep 11, 1997
$335,000
Realty Acquisitions Co Ltd
Catherine M Renaudin Trustee
Grant Deed
$170,000 · Shore Bank
—
—
Realty Acquisitions Co Ltd
—
Deed Of Trust
related
$306,000 · Shorebank
—
—
Realty Acquisitions Co Ltd
—
Deed Of Trust
related
$50,000 · Huntington National Bank
—
—
Realty Acquistions Co Ltd
—
Deed Of Trust
related
$230,000 · National City Bank
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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