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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Warehouses
28867 Lorain Rd 28923 North Olmsted, OH 44070-4043
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1284313
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1920
Construction
WOOD
Total area
1,612 SF
Lot
2.8 ac (121,877 SF)
APN
234-20-001
UPID
US66-1284313
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
-
Hennie Homes Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.58M
CAP Approach
CAP
$1.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
North Pheasant Run LLC · 3 yrs held
North Pheasant Run LLC
since 2022
Last sale
$1.7M
4 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 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
$1,385,000
ML approach
$1,580,000
CAP Approach
CAP Return
Estimation
6%
$1,505,000
6.5%
$1,390,000
7%
$1,290,000
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.70M (Nov 4 2022)
Last sale anchor
$1.70M
Nov 4 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
$962 / 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
$67,407
Tax year 2023
Assessed value
$595,000
Assessed 2023
Previous assessed
$623,180
-4.5% YoY
Effective rate
11.33%
On assessed value
Assessed land
$341,250
Assessed improvement
$253,750
Land market value
$975,000
Improvement market value
$725,000
Total market value
$1,700,000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1920
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
2
Total area
1,612 SF
Lot
2.8 ac (121,877 SF)
APN
234-20-001
UPID
US66-1284313
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
Building & site characteristics
From public records
Year built
1920
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Lot
2.8 ac
Current owner
From public records · entity-resolved
North Pheasant Run LLC
Entity
Mailing address
28867 LORAIN RD, NORTH OLMSTED, OH 44070-4043
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2022
$1,700,000
North Pheasant Run LLC
Ronald J Puzzitiello
Fiduciary Deed
$1,275,000 · S & T Bank
Mar 10, 2017
—
Ronald J Puzzitiello
Puzzitiello,rocco H JR
Affidavit Of Death
related
—
Mar 3, 2017
—
Rocco H Puzzitiello JR
Puzzitiello,hennie M
Quit Claim Deed
related
—
Sep 16, 2005
—
Rocco H Puzzitiello JR.
Puzzitiello,hennie M
Affidavit Of Death
related
—
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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