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Property profile & analytics
OFF-MARKET
Estimated value
$2,150,000
Industrial properties
33230 Lakeland Blvd Eastlake, OH 44095-5205
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1424378
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1954
Total area
74,451 SF
Lot
4.01 ac (174,806 SF)
Zoning code
G-IND
APN
34-A-001-C-00-021-0
UPID
US66-1424378
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
$2.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$2.15M
Owner & transaction history
Fsc Eastlake East LLC · 2 yrs held
Fsc Eastlake East LLC
since 2024
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
G-IND · Eastlake, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.5M
+0.1%
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 Eastlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eastlake 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
$2,150,000
ML approach
$2,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,505,000
Current use
OFFICE BUILDING
$3,510,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$2.15M
Range $1.94M – $2.37M · ±10% · vs last sale $2.15M (Jun 4 2024)
Last sale anchor
$2.15M
Jun 4 2024
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
$29 / 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
$36,348
Tax year 2023
Assessed value
$376,120
Assessed 2023
Previous assessed
$376,120
+0.0% YoY
Effective rate
9.66%
On assessed value
Assessed land
$30,590
Assessed improvement
$345,530
Land market value
$87,400
Improvement market value
$987,230
Total market value
$1,074,630
Applied tax rate
34.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1954
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
74,451 SF
Lot
4.01 ac (174,806 SF)
Zoning code
G-IND
APN
34-A-001-C-00-021-0
UPID
US66-1424378
Jurisdiction
LAKE
Zoning & alternative use
G-IND · Eastlake, OHZoning G-IND · permitted uses
G-IND · Eastlake, OH
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.5M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
1954
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4.01 ac
Current owner
From public records · entity-resolved
Fsc Eastlake East LLC
Entity
Mailing address
2915 W BIRCHWOOD AVE, CHICAGO, IL 60645-1219
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
$2,150,000
Fsc Eastlake East LLC
Soeder Family Limited Partnership
Limited Warranty Deed
$1,612,500 · The Croghan Colonial Bank
Jul 3, 2019
—
Soeder Family LP
—
Deed
related
$290,445 · Us Bk
Jan 3, 2007
—
Soeder Family
Soeder William E & E E Trust
Quit Claim Deed
—
Jun 25, 2004
—
Soeder William E Trust
Soeder Family
Quit Claim Deed
related
—
Nov 23, 1999
—
Soeder Family LP
Soeder Ltd
Quit Claim Deed
related
$650,000 · Firstar Bank
Jun 3, 1999
—
Soeder Ltd
Induflex Properties
Grant Deed
related
—
—
—
Soeder Family LP
—
Loan Modification
related
$290,445 · Us Bk
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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