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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Warehouses
2183 Youngstown Kingsville NE Rd Cortland, OH 44410
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-0045622
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2009
Total area
8,000 SF
Lot
48.37 ac (2,106,997 SF)
APN
17-033500
UPID
US66-0045622
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
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$585k
Blend (final)
Blend
$605k
Owner & transaction history
Economy Self Storage LLC · 5 yrs held
Economy Self Storage LLC
since 2021
Last sale
$500,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$740,000
+95.2%
Commercial (general)
$730,000
+93.5%
Medical building
$655,000
+73.4%
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 Cortland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cortland 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
$605,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$380,000
Current use
RESTAURANT
$740,000
Change: +95% · Conversion: Difficult
COMMERCIAL (GENERAL)
$730,000
Change: +93% · Conversion: Difficult
MEDICAL BUILDING
$655,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$545,000
Change: +44% · Conversion: Moderate
OFFICE BUILDING
$545,000
Change: +44% · Conversion: Difficult
AUTO REPAIR, GARAGE
$510,000
Change: +35% · Conversion: Easy
INDUSTRIAL (GENERAL)
$390,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $500k (May 21 2021)
Last sale anchor
$500k
May 21 2021
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
$76 / 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
$9,483
Tax year 2023
Assessed value
$163,380
Assessed 2023
Previous assessed
$116,410
+40.3% YoY
Effective rate
5.80%
On assessed value
Assessed land
$50,960
Assessed improvement
$112,420
Land market value
$145,600
Improvement market value
$321,200
Total market value
$466,800
Applied tax rate
17.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Heating
NONE
Stories
1
Total area
8,000 SF
Lot
48.37 ac (2,106,997 SF)
APN
17-033500
UPID
US66-0045622
Jurisdiction
TRUMBULL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$380,000
RESTAURANT
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$730,000
MEDICAL BUILDING
Est. value
$655,000
RETAIL STORES
Est. value
$545,000
OFFICE BUILDING
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$510,000
INDUSTRIAL (GENERAL)
Est. value
$390,000
WAREHOUSE, STORAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (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
2009
Heating
NONE
Stories
1
Lot
48.37 ac
Current owner
From public records · entity-resolved
Economy Self Storage LLC
Entity
Mailing address
4965 MAHONING AVE NW, WARREN, OH 44483-1405
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2021
$5,000
Economy Self Storage LLC
K & M Contracting Of Ohio INC
Warranty Deed
$455,000 · Seven Seventeen Cu INC
May 30, 2017
—
K M Contracting Of Ohio Corp
—
Deed
related
$340,000 · The Cortland Savings & Banking Co
Nov 30, 2007
$165,000
K & M Contracting Of Ohio INC
Jardine Ent Of Trumbull Cnty Ohio
Warranty Deed
—
Nov 29, 2006
$80,000
Jardine Ent INC
Goldberg,joseph
Warranty 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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