Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,955,000
Warehouses
2862 State Rte 59 Ravenna, OH 44266-1650
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-0167782
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1901
Total area
5,700 SF
Lot
8.82 ac (384,069 SF)
APN
29-357-00-00-010
UPID
US66-0167782
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
$3.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.96M
Owner & transaction history
Sroa 2862 Oh 59 Oh LLC · 2 yrs held
Sroa 2862 Oh 59 Oh LLC
since 2023
Last sale
$4.1M
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 Ravenna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ravenna 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
$3,740,000
ML approach
$3,880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.96M
Range $3.56M – $4.35M · ±10% · vs last sale $4.10M (Aug 24 2023)
Last sale anchor
$4.10M
Aug 24 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
$694 / 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
$48,264
Tax year 2023
Assessed value
$418,610
Assessed 2023
Previous assessed
$550,620
-24.0% YoY
Effective rate
11.53%
On assessed value
Assessed land
$118,550
Assessed improvement
$300,060
Land market value
$338,700
Improvement market value
$857,300
Total market value
$1,196,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1901
Heating
BASEBOARD
Buildings
5
Stories
1
Rooms
4
Bathrooms
1
Total area
5,700 SF
Lot
8.82 ac (384,069 SF)
APN
29-357-00-00-010
UPID
US66-0167782
Jurisdiction
PORTAGE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1901
Heating
BASEBOARD
Stories
1
Buildings
5
Rooms
4
Bathrooms
1
Lot
8.82 ac
Current owner
From public records · entity-resolved
Sroa 2862 Oh 59 Oh LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2751 S DIXIE HWY #450, WEST PALM BEACH, FL 33405-1233
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2023
$4,100,000
Sroa 2862 Oh 59 Oh LLC
Route 59 Storage LLC
Limited Warranty Deed
—
Sep 12, 2019
$1,200,000
Route 59 Storage LLC
Cost U Less Self Storage LLC
Grant Deed
$1,016,141 · Liberty Nat'l Bk
Sep 24, 2015
$15,000
Cost U Less LLC
Cr Properties 2015 LLC
Grant Deed
—
Sep 11, 2015
$2,000
Cr Properties 2015 LLC
Nrz Reo V Corp
Quit Claim Deed
related
—
Dec 18, 2014
$126,600
Nrz Reo V Corp
Nationstar Mtg LLC
Quit Claim Deed
related
—
Aug 22, 2014
$40,200
Nationstar Mtg LLC
Sheriff Of Portage County
Trustees Deed
related
—
Jan 23, 2008
—
Caridad A Delacruz
Ccsi LLC
Quit Claim Deed
related
—
Jan 10, 2003
—
Ccsi LLC
Pham,cindythuy
Grant Deed
related
—
May 23, 2002
$129,667
Cindythuy Pham
Moley,christopher & Juleanne
Grant Deed
$128,000 · Countrywide Home Loans INC
Sep 6, 2000
$90,000
Christopher Moley
Reyes,demetrio
Grant Deed
$81,000 · Flagstar Bank Fsb
Dec 16, 1999
$150,000
Raymond A Delacruz
Agrusa,pasquale J
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2862 State Rte 59?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
