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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Office buildings
29515 Lorain Rd, North Olmsted, OH 44070-3910
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1410604
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2015
Construction
WOOD
Total area
1,817 SF
Lot
1.06 ac (46,200 SF)
APN
234-20-016
UPID
US66-1410604
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
-
Blakeslee Equipment Co Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$538k
Blend (final)
Blend
$570k
Owner & transaction history
29515 Lorain LLC · 3 yrs held
29515 Lorain LLC
since 2023
Last sale
$540,000
6 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
$635,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $540k (Feb 28 2023)
Last sale anchor
$540k
Feb 28 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
$314 / 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
$17,396
Tax year 2023
Assessed value
$153,550
Assessed 2023
Previous assessed
$153,550
+0.0% YoY
Effective rate
11.33%
On assessed value
Assessed land
$47,040
Assessed improvement
$106,510
Land market value
$134,400
Improvement market value
$304,300
Total market value
$438,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2015
Construction
WOOD
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
7
Bathrooms
1
Total area
1,817 SF
Lot
1.06 ac (46,200 SF)
APN
234-20-016
UPID
US66-1410604
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
2015
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
29515 Lorain LLC
Entity
Mailing address
29515 LORAIN RD, NORTH OLMSTED, OH 44070-3910
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2023
$540,000
29515 Lorain LLC
Ibk 509 LLC
Warranty Deed
—
Nov 18, 2014
$95,000
Ibk 509 LLC
Bartel,laverne
Grant Deed
—
Nov 18, 2014
—
Laverne Bartel
Bartel,robert H
Affidavit Of Death
related
—
—
—
Robert H Bartel
—
Deed Of Trust
related
$104,000 · Equity One INC
—
—
Ibk 509 LLC
—
Deed Of Trust
related
$332,000 · Huntington Nat'l Bk
—
—
Robert H Bartel
—
Deed Of Trust
related
$106,500 · Chase Manhattan Mortgage Corp
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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