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Property profile & analytics
OFF-MARKET Estimated value $565,000
Manufacturing properties

320 Prospect St Painesville, OH 44077

11,929 SF 1.03 ac lot Built 1997
Individually Owned 12-yr Hold ~ Est. High Equity
Property ID
US66-2198573
Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1997
Total area 11,929 SF
Lot 1.03 ac (44,867 SF)
Zoning code M-2
APN 15-C-028-B-00-026-0
UPID US66-2198573
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
$705k
Comparable Approach Comparable
$561k
Blend (final) Blend
$565k
Owner & transaction history
Guyer Ltd · 12 yrs held
Guyer Ltd
since 2013
4 recorded transactions
2013
$400,000
2011
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M-2 · Painesville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

M-2 Industrial Zoning Overlays: Design Districts, Historic Districts, PUD For more detail regarding zoning regulations for each district, see Chapter 1113 of the Unified Development Code. All requests for permitted uses for a given property can be submitted in writing to the City Planner. What Requires a Zoning Permit? All new construction, additions, porche…

Zone name Industrial
General category INDUSTRIAL
Zone area 280.17 ac
Source Painesville, OH
Top alternative use upside
Medical building $840,000 +61.2%
Commercial (general) $725,000 +39.1%
Warehouse, storage $675,000 +29.7%
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