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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Manufacturing properties
26070 Depot St Olmsted Falls, OH 44138-1647
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-1381123
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1948
Construction
WOOD
Total area
8,363 SF
Lot
1.19 ac (51,660 SF)
Zoning code
I-2
APN
281-16-002
UPID
US66-1381123
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
by Request
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$565k
Blend (final)
Blend
$530k
Owner & transaction history
Elsa LLC · 10 yrs held
Elsa LLC
since 2016
7 recorded transactions
Zoning & alternative use
I-2 · Olmsted Falls, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To establish the I-2 Industrial Manufacturing District so as to provide for those industrial and manufacturing uses which may utilize products, materials, and/or processes that create smoke, noise, odor, dust, fumes, glare, or other objectionable characteristics
Zone name
Industrial Manufacturing District
General category
INDUSTRIAL
Zone area
55.71 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$845,000
+134.9%
Auto repair, garage
$745,000
+106.3%
Commercial (general)
$695,000
+92.2%
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 Olmsted Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Olmsted Falls 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%
$575,000
6.5%
$530,000
7%
$490,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$360,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$845,000
Change: +135% · Conversion: Difficult
AUTO REPAIR, GARAGE
$745,000
Change: +106% · Conversion: Easy
COMMERCIAL (GENERAL)
$695,000
Change: +92% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$63 / 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
$11,462
Tax year 2023
Assessed value
$128,110
Assessed 2023
Previous assessed
$128,110
+0.0% YoY
Effective rate
8.95%
On assessed value
Assessed land
$69,620
Assessed improvement
$58,490
Land market value
$198,900
Improvement market value
$167,100
Total market value
$366,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1948
Construction
WOOD
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
0
Total area
8,363 SF
Lot
1.19 ac (51,660 SF)
Zoning code
I-2
APN
281-16-002
UPID
US66-1381123
Jurisdiction
CUYAHOGA
Zoning & alternative use
I-2 · Olmsted Falls, OHZoning I-2 · permitted uses
I-2 · Olmsted Falls, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To establish the I-2 Industrial Manufacturing District so as to provide for those industrial and manufacturing uses which may utilize products, materials, and/or processes that create smoke, noise, odor, dust, fumes, glare, or other objectionable characteristics
Zone name
Industrial Manufacturing District
General category
INDUSTRIAL
Zone area
55.71 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$360,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$845,000
AUTO REPAIR, GARAGE
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$695,000
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1948
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
0
Lot
1.19 ac
Current owner
From public records · entity-resolved
Elsa LLC
Entity
Mailing address
26070 N DEPOT ST, OLMSTED FALLS, OH 44138-1647
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2024
—
Elsa LLC
—
Deed
related
$200,000 · Grow America Fund INC
Jan 11, 2016
$339,000
Elsa LLC
Tweedles II LLC
Warranty Deed
$327,000 · Grow America Fund
Jan 11, 2016
—
Grow America Fund
Grow America Fund
Quit Claim Deed
related
—
Jun 6, 2005
—
Tweedles II LLC
Bond,edward N & Adria A
Quit Claim Deed
related
—
—
—
Tweedles II LLC
—
Deed Of Trust
related
$135,000 · National City Bank
—
—
Tweedles II LLC
—
Deed Of Trust
related
$291,000 · Grow America Fund
—
—
Tweedles II LLC
—
Deed Of Trust
related
$51,000 · National City Bank
—
—
Tweedles II LLC
—
Deed Of Trust
related
$56,250 · National City Bank
—
—
Edward N Bond
—
Deed Of Trust
related
$240,000 · Buckeye Community Bank
—
—
Tweedles II LLC
—
Deed Of Trust
related
$256,000 · Grow America Fund
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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