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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Banks
35592 Detroit Rd Avon, OH 44011-1640
Individually Owned
16-yr Hold
Free & Clear
Property ID
US66-2744684
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2009
Total area
4,996 SF
Lot
1.04 ac (45,302 SF)
APN
04-00-015-103-085
UPID
US66-2744684
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
-
Third Federal Savings & Loan Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$616k
Blend (final)
Blend
$515k
Owner & transaction history
Third Fedl S & L Of Cleveland · 16 yrs held
Third Fedl S & L Of Cleveland
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$735,000
+58.6%
Office building
$675,000
+45.9%
Warehouse, storage
$635,000
+36.8%
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
$410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$465,000
Current use
COMMERCIAL (GENERAL)
$735,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$675,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$635,000
Change: +37% · Conversion: Difficult
MEDICAL BUILDING
$485,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$440,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$440,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$103 / 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
$31,799
Tax year 2023
Assessed value
$495,317
Assessed 2023
Previous assessed
$495,320
0.0% YoY
Effective rate
6.42%
On assessed value
Assessed land
$154,588
Assessed improvement
$340,729
Land market value
$441,680
Improvement market value
$973,510
Total market value
$1,415,190
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2009
Heating
NONE
Stories
1
Units
1
Total area
4,996 SF
Lot
1.04 ac (45,302 SF)
APN
04-00-015-103-085
UPID
US66-2744684
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
FINANCIAL BUILDING Current
Est. value
$465,000
COMMERCIAL (GENERAL)
Est. value
$735,000
OFFICE BUILDING
Est. value
$675,000
WAREHOUSE, STORAGE
Est. value
$635,000
MEDICAL BUILDING
Est. value
$485,000
AUTO REPAIR, GARAGE
Est. value
$440,000
RETAIL STORES
Est. value
$440,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2009
Heating
NONE
Stories
1
Units
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Third Fedl S & L Of Cleveland
Individual
Free & Clear · 16 yrs held
Mailing address
7007 BROADWAY AVE, CLEVELAND, OH 44105-1441
Ownership since
2010
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
Mar 11, 2010
$1,810,000
Third Fedl S & L Of Cleveland
Heritage Village Of Avon II LLC
Warranty Deed
—
Mar 4, 2010
—
Heritage Village Of Avon II LLC
—
Deed Of Trust
related
$3,169,760 · Firstmerit Bank NA
Mar 10, 2009
—
Heritage Village Of Avon II LLC
—
Trustees Deed
related
$1,300,000 · Firstmerit Bank NA
Jan 21, 2009
—
Heritage Village Of Avon II LLC
Margam Inv-heritage Village
Quit Claim Deed
related
—
Dec 3, 2008
—
Village At Creekside LLC
Village At Creekside LLC
Quit Claim Deed
related
—
Aug 30, 2006
—
Village At Creekside LLC
Creekside Napoligam Dev Ltd
Quit Claim Deed
related
—
Jun 14, 2006
$450,000
Margam Investment Ltd
Spondike,rose
Warranty Deed
—
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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