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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Warehouses
33699 Lear Industrial Pkwy Avon, OH 44011-1370
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US66-2157838
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Total area
5,824 SF
Lot
1.07 ac (46,609 SF)
APN
04-00-021-000-189
UPID
US66-2157838
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
-
Matthew Hoban Pest Control Garden Center
-
True North Tech Group Inc General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$855k
Comparable Approach
Comparable
$660k
Blend (final)
Blend
$845k
Owner & transaction history
Mae Hoban LLC · 12 yrs held
Mae Hoban LLC
since 2014
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$915,000
+92.4%
Apartment house (5+ units)
$815,000
+71.0%
Office building
$565,000
+18.4%
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 Avon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avon 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%
$925,000
6.5%
$855,000
7%
$795,000
Alternative Use
Use
Estimation
RESTAURANT
$915,000
Change: +92% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$815,000
Change: +71% · Conversion: Difficult
OFFICE BUILDING
$565,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$540,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$845k
Range $761k – $930k · ±10%
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
$145 / 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
$13,368
Tax year 2023
Assessed value
$208,226
Assessed 2023
Previous assessed
$208,230
0.0% YoY
Effective rate
6.42%
On assessed value
Assessed land
$37,450
Assessed improvement
$170,776
Land market value
$107,000
Improvement market value
$487,930
Total market value
$594,930
Applied tax rate
10.0000
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
2003
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
5,824 SF
Lot
1.07 ac (46,609 SF)
APN
04-00-021-000-189
UPID
US66-2157838
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
RESTAURANT
Est. value
$915,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$815,000
OFFICE BUILDING
Est. value
$565,000
MEDICAL BUILDING
Est. value
$540,000
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL 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
2003
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Mae Hoban LLC
Entity
Mailing address
33699 LEAR INDUSTRIAL PKWY, AVON, OH 44011-1370
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2014
$5,600
Mae Hoban LLC
Lomax Properties LLC
Warranty Deed
$560,000 · The Huntington National Bank
Dec 5, 2006
—
Lomax Properties LLC
Lomax,robert A SR & Robbin C
Quit Claim Deed
related
$410,000 · Buckeye Community Bank
Oct 8, 2002
$85,000
Robert A Lomax
Schafer/dobrunz Development
Grant Deed
$68,360 · Lorain National Bank
—
—
Lomax Properties LLC
—
Deed Of Trust
related
$54,177 · Buckeye Community Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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