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Property profile & analytics
OFF-MARKET
Estimated value
$8,070,000
Individual retail properties
240 Market Dr Elyria, OH 44035-2886
Entity Owned
25-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-2491966
Property profile
Verified
Property type
Individual retail properties
Use group
APPLIANCE STORE
Year built
1999
Total area
122,824 SF
Lot
10.24 ac (446,054 SF)
APN
06-24-029-101-087
UPID
US66-2491966
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
-
Cardtronics ATM Atm Bank
-
Shari R. Scudder, BS Pharmacy
-
Shaleen Joshi, PharmD Pharmacy
-
Starbucks Cafe & Coffee Shop
-
CVS Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.66M
Blend (final)
Blend
$8.07M
Owner & transaction history
DAYTON HUDSON CORPORATION
DAYTON HUDSON CORPORATION
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.4M
+77.6%
Medical building
$11.4M
+51.3%
Auto repair, garage
$10.1M
+33.7%
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 Elyria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elyria 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$7,560,000
Current use
RESTAURANT
$13,430,000
Change: +78% · Conversion: Easy
MEDICAL BUILDING
$11,440,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,110,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$9,970,000
Change: +32% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$9,470,000
Change: +25% · Conversion: Moderate
WAREHOUSE, STORAGE
$8,925,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$8.07M
Range $7.26M – $8.88M · ±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
$66 / 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
$127,228
Tax year 2023
Assessed value
$1,750,000
Assessed 2023
Previous assessed
$1,750,000
+0.0% YoY
Effective rate
7.27%
On assessed value
Assessed land
$1,092,840
Assessed improvement
$657,160
Land market value
$3,122,400
Improvement market value
$1,877,600
Total market value
$5,000,000
Applied tax rate
33.0000
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
Individual retail properties
Use group
APPLIANCE STORE
Status
Off-Market
Year built
1999
Heating
YES
Stories
1
Units
1
Total area
122,824 SF
Lot
10.24 ac (446,054 SF)
APN
06-24-029-101-087
UPID
US66-2491966
Jurisdiction
LORAIN
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
RETAIL STORES Current
Est. value
$7.6M
RESTAURANT
Est. value
$13.4M
MEDICAL BUILDING
Est. value
$11.4M
AUTO REPAIR, GARAGE
Est. value
$10.1M
OFFICE BUILDING
Est. value
$10.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.5M
WAREHOUSE, STORAGE
Est. value
$8.9M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1999
Heating
YES
Stories
1
Units
1
Lot
10.24 ac
Current owner
From public records · entity-resolved
DAYTON HUDSON CORPORATION
Individual
Free & Clear · 0 yrs held
Mailing address
777 NICOLLET MALL, MINNEAPOLIS, MN 55402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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