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Property profile & analytics
OFF-MARKET Estimated value $180,000
Schools

231 State St Painesville, OH 44077

6,738 SF 0.52 ac lot Built 1826
Individually Owned 6-yr Hold ~ Est. High Equity
Property ID
US66-0941101
Property profile
Verified
Property type Schools
Use group COLLEGE, UNIVERSITY, VOC SCHOOL
Year built 1826
Construction WOOD
Total area 6,738 SF
Lot 0.52 ac (22,521 SF)
Zoning code B-3
APN 15-A-013-0-00-001-0
UPID US66-0941101
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
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k
Owner & transaction history
Education Alternatives · 6 yrs held
Education Alternatives
since 2019
7 recorded transactions
2022
Price N/A
2019
$400,125
2017
Price N/A
2000
$100,000
2000
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-3 · Painesville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B-3 Central Business DD Downtown Development M-1 Light Industrial M-2 Industrial Zoning Overlays: Design Districts, Historic Districts, PUD For more detail regarding zoning regulations for each district, see Chapter 1113 of the Unified Development Code. All requests for permitted uses for a given property can be submitted in writing to the City Planner. What…

Zone name Central Business
General category MIXED_USE
Zone area 43.20 ac
Source Painesville, OH
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