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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Residential income homes
2550 Chamberlain Rd Fairlawn, OH 44333-4111
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0077164
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1967
Total area
6,798 SF
Lot
0.59 ac (25,483 SF)
APN
09-01852
UPID
US66-0077164
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
$1.01M
CAP Approach
CAP
$960k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Andrew Garabedian · 4 yrs held
Andrew Garabedian
since 2022
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$740,000
+60.2%
Restaurant
$720,000
+55.9%
Auto repair, garage
$680,000
+46.5%
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
$985,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
$1,040,000
6.5%
$960,000
7%
$890,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$740,000
Change: +60% · Conversion: Moderate
RESTAURANT
$720,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$680,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$650,000
Change: +41% · Conversion: Moderate
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $1.20M (Jan 3 2022)
Last sale anchor
$1.20M
Jan 3 2022
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
$157 / 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
$4,805
Tax year 2023
Assessed value
$83,410
Assessed 2023
Previous assessed
$83,410
+0.0% YoY
Effective rate
5.76%
On assessed value
Assessed land
$40,980
Assessed improvement
$42,430
Land market value
$117,080
Improvement market value
$121,220
Total market value
$238,300
Applied tax rate
9.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1967
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
4
Bathrooms
10
Total area
6,798 SF
Lot
0.59 ac (25,483 SF)
APN
09-01852
UPID
US66-0077164
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
MEDICAL BUILDING
Est. value
$740,000
RESTAURANT
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$680,000
OFFICE BUILDING
Est. value
$650,000
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1967
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Bathrooms
10
Lot
0.59 ac
Current owner
From public records · entity-resolved
Andrew Garabedian
Individual
Mailing address
2550 CHAMBERLAIN RD, FAIRLAWN, OH 44333-4111
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2022
$1,200,000
Andrew Garabedian
Fairlawn Rentals II Ltd
Warranty Deed
$707,500 · Park National Bank
Oct 19, 2018
—
Fairlawn Rentals II Ltd
Fairlawn Rentals Ltd
Quit Claim Deed
—
Jun 29, 2009
—
Fairlawn Rentals Ltd
Bluejay Properties Ltd LLC
Warranty Deed
$500,000 · Western Reserve Bank
Feb 8, 2007
—
Bluejay Properties Ltd LLC
Ron Ray Corp
Grant Deed
related
—
Nov 27, 2006
$650,000
Bluejay Properties Ltd LLC
Ron Ray Corp
Warranty Deed
—
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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