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Property profile & analytics
OFF-MARKET
Theaters & concert halls
223 High St Fairport Harbor, OH 44077-5826
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2801366
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1910
Total area
8,756 SF
Lot
0.2 ac (8,625 SF)
Zoning code
R-1
APN
14-A-001-0-00-005-0
UPID
US66-2801366
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mosaic Enterprises LLC · 1 yrs held
Mosaic Enterprises LLC
since 2024
7 recorded transactions
Zoning & alternative use
R-1 · Fairport Harbor, OH
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 Fairport Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairport Harbor 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,682
Tax year 2023
Assessed value
$15,490
Assessed 2023
Previous assessed
$15,490
+0.0% YoY
Effective rate
10.86%
On assessed value
Assessed land
$5,550
Assessed improvement
$9,940
Land market value
$15,870
Improvement market value
$28,390
Total market value
$44,260
Applied tax rate
14.0000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1910
Heating
NONE
Stories
1
Total area
8,756 SF
Lot
0.2 ac (8,625 SF)
Zoning code
R-1
APN
14-A-001-0-00-005-0
UPID
US66-2801366
Jurisdiction
LAKE
Zoning & alternative use
R-1 · Fairport Harbor, OHZoning R-1 · permitted uses
R-1 · Fairport Harbor, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
1129.01 STANDARDS ADOPTED.
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Mosaic Enterprises LLC
Entity
Mailing address
520 NEW ST, FAIRPORT HARBOR, OH 44077-5533
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2024
—
Mosaic Enterprises LLC
Fairwinds Enterprises LLC
Deed
$261,750 · First National Bank Of Pennsylvania
Dec 13, 2021
$161,000
Terry L Vale
Harbor Development LLC
Warranty Deed
—
Jan 31, 2018
$195,000
Fairwinds Ents LLC
Harbor Dev LLC
Warranty Deed
$156,000 · Middlefield Bkng
Jan 31, 2018
—
Harbor Dev LLC
Harbor Dev LLC
Quit Claim Deed
—
Dec 29, 2006
$350,125
Harbor Dev LLC
Simon,alexander Z
Warranty Deed
—
May 8, 2000
—
Alexander Z Simon
Zimet,ravella S
Quit Claim Deed
related
—
—
—
Harbor Dev LLC
—
Loan Modification
related
$115,000 · Alexander Simon
—
—
Harbor Dev LLC
—
Deed Of Trust
related
$150,000 · Alexander Z Simon
—
—
Harbor Dev LLC
—
Deed Of Trust
related
$500,000 · Dollar Bank Fsb
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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