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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Warehouses
2275 Manchester NW Ave North Lawrence, OH 44666-9444
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-5189800
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
BRICK
Total area
12,000 SF
Lot
0.96 ac (41,818 SF)
APN
10-010569
UPID
US66-5189800
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
Current use
Occupant on record · Public records
-
Go Fast Tuner Parts Auto Repair Shop
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$896k
Blend (final)
Blend
$845k
Owner & transaction history
K Properties LLC · 7 yrs held
K Properties LLC
since 2018
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+121.4%
Auto repair, garage
$1.2M
+88.9%
Medical building
$1.1M
+72.7%
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 North Lawrence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Lawrence 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%
$820,000
6.5%
$755,000
7%
$705,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$635,000
Current use
RESTAURANT
$1,405,000
Change: +121% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,195,000
Change: +89% · Conversion: Easy
MEDICAL BUILDING
$1,095,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$1,050,000
Change: +66% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,030,000
Change: +62% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$940,000
Change: +49% · Conversion: Difficult
COMMERCIAL (GENERAL)
$670,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$70 / 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
$9,907
Tax year 2023
Assessed value
$190,300
Assessed 2023
Previous assessed
$190,300
+0.0% YoY
Effective rate
5.21%
On assessed value
Assessed land
$3,960
Assessed improvement
$186,340
Land market value
$11,300
Improvement market value
$532,400
Total market value
$543,700
Applied tax rate
690.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
BRICK
Heating
SPACE
Cooling
NONE
Buildings
2
Stories
1
Units
1
Bathrooms
4
Total area
12,000 SF
Lot
0.96 ac (41,818 SF)
APN
10-010569
UPID
US66-5189800
Jurisdiction
STARK
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
$635,000
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$940,000
COMMERCIAL (GENERAL)
Est. value
$670,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
4
Lot
0.96 ac
Current owner
From public records · entity-resolved
K Properties LLC
Entity
Mailing address
6901 VAN BUREN RD, CLINTON, OH 44216-8820
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2018
$372,000
K Properties LLC
James R Lowry
Deed
$297,600 · First Commonwealth Bank
Oct 25, 2005
$218,000
C&j Lowry LLC
Calvin W King
Warranty Deed
$174,400 · Firstmerit Bank NA
—
—
C & J Lowry LLC
—
Deed Of Trust
related
$810,000 · Huntington Nat'l Bk
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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