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Property profile & analytics
OFF-MARKET
Estimated value
$3,435,000
Warehouses
30440 Lakeland Blvd, Wickliffe, OH 44092-1749
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0633744
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1962
Total area
82,081 SF
Lot
1.94 ac (84,332 SF)
Zoning code
I
APN
29-A-001-M-00-005-0
UPID
US66-0633744
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
$4.80M
Comparable Approach
Comparable
$4.13M
Blend (final)
Blend
$3.44M
Owner & transaction history
30440 Lakeland Boulevard LLC · 4 yrs held
30440 Lakeland Boulevard LLC
since 2022
Last sale
$3.2M
5 recorded transactions
Zoning & alternative use
I · Wickliffe, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.5M
+21.1%
Retail stores
$5.2M
+13.1%
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 Wickliffe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wickliffe 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%
$5,195,000
6.5%
$4,795,000
7%
$4,450,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,550,000
Current use
COMMERCIAL (GENERAL)
$5,510,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$5,150,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$3.44M
Range $3.09M – $3.78M · ±10% · vs last sale $3.20M (Jun 13 2022)
Last sale anchor
$3.20M
Jun 13 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
$42 / 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
$112,566
Tax year 2023
Assessed value
$1,027,450
Assessed 2023
Previous assessed
$1,027,450
+0.0% YoY
Effective rate
10.96%
On assessed value
Assessed land
$99,410
Assessed improvement
$928,040
Land market value
$284,030
Improvement market value
$2,651,550
Total market value
$2,935,580
Applied tax rate
29.0000
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
1962
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
82,081 SF
Lot
1.94 ac (84,332 SF)
Zoning code
I
APN
29-A-001-M-00-005-0
UPID
US66-0633744
Jurisdiction
LAKE
Zoning & alternative use
I · Wickliffe, OH
Zoning I · permitted uses
I · Wickliffe, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wickliffe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$5.5M
RETAIL STORES
Est. value
$5.2M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1962
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.94 ac
Current owner
From public records · entity-resolved
30440 Lakeland Boulevard LLC
Entity
Mailing address
45 EASTDALE AVE N STE #200, POUGHKEEPSIE, NY 12603-1796
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2022
$3,200,000
30440 Lakeland Boulevard LLC
Progressive Direct Insurance Compan
Limited Warranty Deed
$9,154,845 · M & T Bank
Oct 31, 2007
—
Progressive Direct Ins Co
Progressive Casualty Ins
Quit Claim Deed
—
Aug 23, 2001
—
Progressive Casualty Insurance
Progressive Casualty Insurance
Quit Claim Deed
related
—
Mar 15, 2000
—
Cr Lakeland LP
Progressive Casualty Insurance
Grant Deed
related
—
Feb 2, 2000
$4,300,000
Cascualty Insurance Co
C R Lakeland LP
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.
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