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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Medical Office Space
25761 Lorain Rd North Olmsted, OH 44070-3368
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-2398734
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
TYPE NOT SPECIFIED
Total area
4,239 SF
Lot
1.37 ac (59,642 SF)
APN
236-02-004
UPID
US66-2398734
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
-
Dr. Chris Ivanoff, DDS Dental Office
-
Allergy & Immunology Health Services Physician Medical Clinic
-
Ent Health Services: Klein Mary R MD Physician
-
Panuto John a MD Physician Medical Clinic
-
Jeffrey E. Binder, DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$723k
Blend (final)
Blend
$590k
Owner & transaction history
Wizard Properties LLC · 8 yrs held
Wizard Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$690,000
+48.8%
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 North Olmsted submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Olmsted 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
$405,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$465,000
Current use
OFFICE BUILDING
$690,000
Change: +49% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$450,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$415,000
Change: -11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$395,000
Change: -15% · Conversion: Easy
AUTO REPAIR, GARAGE
$385,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$139 / 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
$85,139
Tax year 2023
Assessed value
$751,520
Assessed 2023
Previous assessed
$751,520
+0.0% YoY
Effective rate
11.33%
On assessed value
Assessed land
$175,350
Assessed improvement
$576,170
Land market value
$501,000
Improvement market value
$1,646,200
Total market value
$2,147,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1983
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
3
Total area
4,239 SF
Lot
1.37 ac (59,642 SF)
APN
236-02-004
UPID
US66-2398734
Jurisdiction
CUYAHOGA
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 Current
Est. value
$465,000
OFFICE BUILDING
Est. value
$690,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$450,000
RETAIL STORES
Est. value
$415,000
COMMERCIAL (GENERAL)
Est. value
$395,000
AUTO REPAIR, GARAGE
Est. value
$385,000
MEDICAL BUILDING Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
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
1983
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
3
Lot
1.37 ac
Current owner
From public records · entity-resolved
Wizard Properties LLC
Entity
Mailing address
18400 PEARL RD, STRONGSVILLE, OH 44136-6923
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2017
$2,050,000
Wizard Properties LLC
Community Realty Props LLC
Warranty Deed
$1,640,000 · Home Svgs Bk
Jan 17, 2017
—
Community Realty Props LLC
—
Deed
related
$1,703,958 · Keybank USA
Jan 10, 2012
—
Community Realty Props LLC
—
Grant Deed
related
$1,768,000 · Keybank USA
Feb 28, 2007
—
Community Realty Props LLC
—
Trustees Deed
related
$100,000 · Firstmerit Bank NA
Nov 27, 2001
—
Community Realty Properties Lc
—
Deed Of Trust
related
$2,400,000 · Firstmerit Bank NA
Sep 25, 2000
$38,900
Emerald Dev
Merella,elaine H
Grant Deed
$81,900 · Cornerstone Housing Fund
Feb 15, 2000
$1,779,000
Community Realty Properties Ll
Huang,kun-y & An-jen
Grant Deed
$1,725,000 · Commerce Exchange Bank
Dec 8, 1999
$36,500
Ljubimka Troca
Henry M Staiduhar Estate
Grant Deed
—
Oct 21, 1999
$48,800
Christopher B Gircsis
Colantuono,geraldine A
Grant Deed
$48,800 · Geauga Savings Bank
—
—
Community Realty Properties
—
Deed Of Trust
related
$100,000 · Commerce Exchange Bank
—
—
Community Realty Props LLC
—
Deed Of Trust
related
$270,000 · Firstmerit Bank NA
—
—
Community Realty Prop LLC
—
Deed Of Trust
related
$125,000 · Firstmerit Bank NA
—
—
John Amato
—
Deed Of Trust
related
$41,965 · Cit Group Consumer Finance INC
—
—
Community Realty Properties
—
Deed Of Trust
related
$225,000 · Firstmerit Bank NA
—
—
Community Realty Props LLC
—
Loan Modification
related
$1,703,958 · Keybank USA
—
—
Community Realty Prop LLC
—
Deed Of Trust
related
$250,000 · Firstmerit Bank NA
—
—
Community Realty Properties Lc
—
Deed Of Trust
related
$197,812 · 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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