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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Warehouses
34601 Mls Rd North Ridgeville, OH 44039-1846
Entity Owned
Free & Clear
Property ID
US66-0977235
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1953
Construction
WOOD FRAME
Total area
10,672 SF
Lot
4.19 ac (182,516 SF)
APN
07-00-018-101-019
UPID
US66-0977235
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
by Request
Comparable Approach
Comparable
$732k
Blend (final)
Blend
$970k
Owner & transaction history
Dockyard Investments LLC
Dockyard Investments LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+62.6%
Medical building
$995,000
+4.6%
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 North Ridgeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Ridgeville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$950,000
Current use
RESTAURANT
$1,545,000
Change: +63% · Conversion: Difficult
MEDICAL BUILDING
$995,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$880,000
Change: -8% · Conversion: Easy
OFFICE BUILDING
$870,000
Change: -8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$825,000
Change: -13% · Conversion: Moderate
COMMERCIAL (GENERAL)
$785,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±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
$91 / 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
$9,415
Tax year 2023
Assessed value
$136,511
Assessed 2023
Previous assessed
$130,460
+4.6% YoY
Effective rate
6.90%
On assessed value
Assessed land
$43,645
Assessed improvement
$92,866
Land market value
$124,700
Improvement market value
$265,330
Total market value
$390,030
Applied tax rate
50.0000
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
1953
Construction
WOOD FRAME
Heating
BASEBOARD
Cooling
CENTRAL
Buildings
2
Stories
1
Units
1
Rooms
7
Bathrooms
2
Total area
10,672 SF
Lot
4.19 ac (182,516 SF)
APN
07-00-018-101-019
UPID
US66-0977235
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
$950,000
RESTAURANT
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$995,000
AUTO REPAIR, GARAGE
Est. value
$880,000
OFFICE BUILDING
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$785,000
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1953
Construction
WOOD FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
7
Bathrooms
2
Lot
4.19 ac
Current owner
From public records · entity-resolved
Dockyard Investments LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 128, AVON LAKE, OH 44012-0128
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2026
—
Dockyard Investments LLC
—
Deed
related
$1,020,000 · Peoples Bank
Oct 17, 2025
—
Dockyard Investments LLC
Tillery Holdings LLC
Quitclaim Deed
related
—
Feb 11, 2022
—
Tillery Holdings LLC
Dockyard Investments LLC
Quit Claim Deed
related
—
Jul 28, 2021
—
Dockyard Investment LLC
Tillery Holdings LLC
Quit Claim Deed
related
—
Mar 9, 2020
—
Tillery Holdings LLC
—
Deed
related
$1,188,200 · Peoples Bank
Dec 4, 2007
—
Tillery Holdings LLC
Chapman,bee JR
Warranty Deed
related
$336,000 · Bee JR Chapman
—
—
Tillery Holdings LLC
—
Deed Of Trust
related
$281,000 · Us Bk
—
—
Tillery Holdings LLC
—
Deed Of Trust
related
$1,188,200 · Peoples 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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