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Property profile & analytics
OFF-MARKET
Medical Office Space
22540 Lorain Rd Fairview Park, OH 44126-2212
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US66-0984280
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1952
Construction
WOOD
Total area
707 SF
Lot
0.14 ac (5,986 SF)
Zoning code
GB-A
APN
321-13-023
UPID
US66-0984280
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
22540 Lorain Road LLC · 14 yrs held
22540 Lorain Road LLC
since 2012
5 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
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
$4,407
Tax year 2023
Assessed value
$42,290
Assessed 2023
Previous assessed
$42,290
+0.0% YoY
Effective rate
10.42%
On assessed value
Assessed land
$13,830
Assessed improvement
$28,460
Land market value
$39,500
Improvement market value
$81,300
Total market value
$120,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1952
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
707 SF
Lot
0.14 ac (5,986 SF)
Zoning code
GB-A
APN
321-13-023
UPID
US66-0984280
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
1952
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
22540 Lorain Road LLC
Entity
Mailing address
PO BOX 45396, WESTLAKE, OH 44145-0396
Ownership since
2012
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
Jan 27, 2012
$100,000
22540 Lorain Road LLC
Acquired Capital I LP
Grant Deed
$104,000 · Huntington National Bank
Jan 7, 2011
—
Acquired Capital I LP
Piazza Family LP
Warranty Deed
related
—
Mar 22, 2006
—
Piazza Family LP A
Piazza,gene L JR & Diane L
Quit Claim Deed
related
$256,000 · Us Bank NA
Nov 17, 2003
$119,900
Gene L Piazza
Wilhelmi,laura M
Grant Deed
$300,000 · Charter One Bank
—
—
22540 Lorain Road LLC
—
Deed Of Trust
related
$104,000 · Huntington National 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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