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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Showrooms
2441 Heritage Pkwy, Norton, OH 44203-5322
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2427803
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2000
Total area
4,250 SF
Lot
2 ac (87,120 SF)
APN
46-07474
UPID
US66-2427803
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
$630k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$750k
Blend (final)
Blend
$680k
Owner & transaction history
Paxem Enterprises LLC · 3 yrs held
Paxem Enterprises LLC
since 2023
Last sale
$685,000
7 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 Norton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norton 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
$635,000
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$465,000
Current use
AUTO REPAIR, GARAGE
$425,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $685k (Jan 13 2023)
Last sale anchor
$685k
Jan 13 2023
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
$160 / 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
$9,219
Tax year 2023
Assessed value
$153,630
Assessed 2023
Previous assessed
$153,630
+0.0% YoY
Effective rate
6.00%
On assessed value
Assessed land
$50,400
Assessed improvement
$103,230
Land market value
$144,000
Improvement market value
$294,940
Total market value
$438,940
Applied tax rate
46.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
4,250 SF
Lot
2 ac (87,120 SF)
APN
46-07474
UPID
US66-2427803
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$465,000
AUTO REPAIR, GARAGE
Est. value
$425,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
Paxem Enterprises LLC
Entity
Mailing address
2441 HERITAGE PKWY, NORTON, OH 44203-5322
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2023
$685,000
Paxem Enterprises LLC
Fishuntun Limited
Warranty Deed
$548,000 · Westfield Bank Fsb
Mar 27, 2019
—
Fishuntun Ltd
—
Deed
related
$110,000 · Kenneth Tiell
Jan 13, 2016
—
Fishuntun Ltd
—
Trustees Deed
related
$367,000 · Firstmerit Bk
May 21, 2002
—
Fishuntun Ltd
Sandmann,richard E
Quit Claim Deed
related
—
Jan 25, 2000
$37,625
Custom Spray INC
Kovachis,thomas & Violet
Trustees Deed
—
Jan 25, 2000
—
Richard E Sandmann
Custom Spray INC
Quit Claim Deed
related
$160,000 · Firstmerit Bank NA
—
—
Fishuntun Ltd
—
Deed Of Trust
related
$110,000 · Kenneth Tiell
—
—
Fishuntun Ltd
—
Deed Of Trust
related
$300,000 · Richard Sandmann
—
—
Richard E Sandmann
—
Deed Of Trust
related
$191,000 · Firstmerit Bank NA
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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