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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Automotive properties
28450 Lorain Rd North Olmsted, OH 44070-4004
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-1765517
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1989
Construction
TYPE NOT SPECIFIED
Total area
5,660 SF
Lot
6.99 ac (304,354 SF)
APN
232-06-005
UPID
US66-1765517
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
-
Smart Center of North Olmsted Car Dealership
-
Mercedes-Benz of North Olmsted Service & Parts Auto Repair Shop Vehicle Inspection Center
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Mercedes-Benz at North Olmsted Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$990k
Blend (final)
Blend
$790k
Owner & transaction history
Nnn Auto Owner III LLC · 7 yrs held
Nnn Auto Owner III LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+96.2%
Office building
$925,000
+79.3%
Medical building
$620,000
+20.5%
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 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
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$515,000
Current use
RESTAURANT
$1,010,000
Change: +96% · Conversion: Difficult
OFFICE BUILDING
$925,000
Change: +79% · Conversion: Difficult
MEDICAL BUILDING
$620,000
Change: +21% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$600,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$555,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$530,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$140 / 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
$300,458
Tax year 2023
Assessed value
$2,652,130
Assessed 2023
Previous assessed
$2,652,130
+0.0% YoY
Effective rate
11.33%
On assessed value
Assessed land
$937,410
Assessed improvement
$1,714,720
Land market value
$2,678,300
Improvement market value
$4,899,200
Total market value
$7,577,500
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1989
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
8
Stories
1
Bathrooms
4
Total area
5,660 SF
Lot
6.99 ac (304,354 SF)
APN
232-06-005
UPID
US66-1765517
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
AUTO REPAIR, GARAGE Current
Est. value
$515,000
RESTAURANT
Est. value
$1.0M
OFFICE BUILDING
Est. value
$925,000
MEDICAL BUILDING
Est. value
$620,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$600,000
RETAIL STORES
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$530,000
AUTO REPAIR, GARAGE Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1989
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
8
Bathrooms
4
Lot
6.99 ac
Current owner
From public records · entity-resolved
Nnn Auto Owner III LLC
Entity
Mailing address
5973 AVENIDA ENCINAS STE #301, CARLSBAD, CA 92008-4479
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2019
$32,700,000
Nnn Auto Owner III LLC
Cars Mti-5 LP
Trustees Deed
$443,137,500 · Athene Annuity & Life Co
Dec 14, 2018
—
M1 Realty LLC
—
Deed
related
$640,000 · Cortland Svgs & Bkng
May 9, 2013
—
Car Mor Oh Nolm LLC
—
Deed Of Trust
related
$325,000,000 · Barclays Bank Plc
Apr 4, 2008
—
Car Mor Oh Nolm LLC
Cars Cni-2
Warranty Deed
related
—
Apr 15, 2003
—
Cni-2 LP Carns
—
Deed Of Trust
related
$228,000,000 · Lasalle Bank NA Trustee
Oct 28, 1998
—
Car Mot II LLC
Coco Properties LLC
Grant Deed
related
—
—
—
M1 Realty LLC
—
Deed Of Trust
related
$640,000 · Cortland Svgs & Bkng
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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