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Property profile & analytics
OFF-MARKET
Estimated value
$6,350,000
Warehouses
320 Huron St, Elyria, OH 44035-4829
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-1568408
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1964
Total area
59,046 SF
Lot
3.39 ac (147,668 SF)
APN
06-24-096-000-005
UPID
US66-1568408
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
-
Real Alloy Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.88M
CAP Approach
CAP
$4.17M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.35M
Owner & transaction history
Real Alloy Specialty Products · 5 yrs held
Real Alloy Specialty Products
since 2020
Last sale
$6.3M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.5M
+50.5%
Medical building
$5.5M
+28.1%
Auto repair, garage
$4.9M
+13.3%
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 Elyria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elyria 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
$8,065,000
ML approach
$6,875,000
CAP Approach
CAP Return
Estimation
6%
$4,515,000
6.5%
$4,165,000
7%
$3,870,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,290,000
Current use
RESTAURANT
$6,455,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$5,500,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,860,000
Change: +13% · Conversion: Easy
OFFICE BUILDING
$4,795,000
Change: +12% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,555,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$6.35M
Range $5.72M – $6.99M · ±10% · vs last sale $6.32M (Jul 10 2020)
Last sale anchor
$6.32M
Jul 10 2020
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
$108 / 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
$12,527
Tax year 2023
Assessed value
$172,306
Assessed 2023
Previous assessed
$172,310
0.0% YoY
Effective rate
7.27%
On assessed value
Assessed land
$31,308
Assessed improvement
$140,998
Land market value
$89,450
Improvement market value
$402,850
Total market value
$492,300
Applied tax rate
33.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1964
Heating
NONE
Stories
1
Units
1
Total area
59,046 SF
Lot
3.39 ac (147,668 SF)
APN
06-24-096-000-005
UPID
US66-1568408
Jurisdiction
LORAIN
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
WAREHOUSE, STORAGE Current
Est. value
$4.3M
RESTAURANT
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1964
Heating
NONE
Stories
1
Units
1
Lot
3.39 ac
Current owner
From public records · entity-resolved
Real Alloy Specialty Products
Individual
Mailing address
3700 PARK E DR, BEACHWOOD, OH 44122-4305
Ownership since
2020
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
Jul 10, 2020
—
Real Alloy Specialty Products
Ra Specialty Products LLC
Quit Claim Deed
related
$110,000,000 · Cortland Capital Market Services LLC Cortland Capital Market Services LLC
Jun 19, 2018
$6,320,100
Ra Specialty Products LLC
Real Alloy Specialty Products
Grant Deed
—
Mar 12, 2015
—
Real Alloy Specialty Products
Aleris Specialty Products INC
Quit Claim Deed
related
—
Aug 8, 2006
—
Rock Creek Aluminum INC
—
Deed Of Trust
related
$650,000,000 · Citicorp North America
—
—
Aleris Specialty Products INC
—
Deed Of Trust
related
$305,000,000 · Wilmington Tr
—
—
Aleris Specialty Products INC
—
Deed Of Trust
related
$110,000,000 · General Elec Cap
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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