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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Office buildings
242 Cleveland Massillon Rd Fairlawn, OH 44333-3014
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1826648
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1971
Total area
4,340 SF
Lot
1.19 ac (51,924 SF)
APN
15-03304
UPID
US66-1826648
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
$910k
CAP Approach
CAP
$840k
Comparable Approach
Comparable
$566k
Blend (final)
Blend
$910k
Owner & transaction history
Lexi Rose Properties LLC · 2 yrs held
Lexi Rose Properties LLC
since 2024
Last sale
$911,000
6 recorded transactions
Zoning & alternative use
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 Fairlawn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairlawn 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
$910,000
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
$915,000
6.5%
$840,000
7%
$780,000
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $911k (Jun 28 2024)
Last sale anchor
$911k
Jun 28 2024
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
$210 / 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
$17,718
Tax year 2023
Assessed value
$245,100
Assessed 2023
Previous assessed
$245,100
+0.0% YoY
Effective rate
7.23%
On assessed value
Assessed land
$77,030
Assessed improvement
$168,070
Land market value
$220,080
Improvement market value
$480,210
Total market value
$700,290
Applied tax rate
15.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1971
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
8
Bathrooms
2
Total area
4,340 SF
Lot
1.19 ac (51,924 SF)
APN
15-03304
UPID
US66-1826648
Jurisdiction
SUMMIT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1971
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
2
Lot
1.19 ac
Current owner
From public records · entity-resolved
Lexi Rose Properties LLC
Entity
Mailing address
242 S CLEVELAND MASSILLON RD, FAIRLAWN, OH 44333-3014
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2024
$911,000
Lexi Rose Properties LLC
Copley Fairlawn Veterinary Clinic P
Warranty Deed
$136,650 · Copley Fairlawn Veterinary Clinic P
Nov 2, 2021
—
Copley Fairlawn Veterinary Clinic P
—
Deed
related
$495,493 · The Huntington National Bank
Oct 1, 2019
—
Copley Fairawn Veterinary Clinic Pr
—
Deed
related
$500,000 · United Community Bank
Jun 6, 2019
$16,980
City Of Fairlawn
Copley-fairlawn Veterinary Cli
Warranty Deed
—
Mar 28, 2019
$505,000
Veterinary Clicnic Properties LLC
Trw Properties LLC
Limited Warranty Deed
$5,000,000 · United Community Bank
Jul 21, 2005
—
Trw Properties LLC
Walters Timothy R Trust
Quit Claim Deed
related
—
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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