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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Strip malls
35682 Detroit Rd Avon, OH 44011-4600
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-2652722
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2009
Total area
4,675 SF
Lot
0.43 ac (18,731 SF)
APN
04-00-015-103-078
UPID
US66-2652722
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
-
Marci Barrett - State Farm Insurance Agent Insurance Agency
-
S & J Wholesale Barber Supplies (Bike/Boat/Book/etc) Store Cosmetic Store
-
Firehouse Subs Take-out & Catering Catering Service
-
Catanza's Barber Shop Barber Shop
-
Bethesda Wellness Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
$775k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$865k
Owner & transaction history
Mor Avon LLC · 6 yrs held
Mor Avon LLC
since 2020
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,020,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $800k (Mar 26 2020)
Last sale anchor
$800k
Mar 26 2020
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
$185 / 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
$19,204
Tax year 2023
Assessed value
$299,128
Assessed 2023
Previous assessed
$299,130
0.0% YoY
Effective rate
6.42%
On assessed value
Assessed land
$79,898
Assessed improvement
$219,230
Land market value
$228,280
Improvement market value
$626,370
Total market value
$854,650
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2009
Heating
NONE
Stories
1
Units
1
Total area
4,675 SF
Lot
0.43 ac (18,731 SF)
APN
04-00-015-103-078
UPID
US66-2652722
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
Building & site characteristics
From public records
Year built
2009
Heating
NONE
Stories
1
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Mor Avon LLC
Entity
Mailing address
5005 ROCKSIDE RD, INDEPENDENCE, OH 44131-2194
Ownership since
2020
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
Mar 26, 2020
$800,000
Mor Avon LLC
Detroit Road Holdings LLC
Grant Deed
$600,000 · First Nat'l Bk/pa
Dec 22, 2017
—
Detroit Road Holdings LLC
Heritage Village Of Avon IV Ll
Quit Claim Deed
related
—
Aug 26, 2009
—
Heritage Villagee Of Favon IV LLC
Margam Inv Heritage Village
Quit Claim Deed
related
$228,980 · Hahn Lakeside Ventures II Ltd
Nov 26, 2008
—
Heritage Village Of Avon LLC
Heritage Village Of Avon LLC
Quit Claim Deed
related
—
—
—
Heritage Village Of Avon IV
—
Loan Modification
related
$550,000 · Independence Bk
—
—
Heritage Village Of Avon IV LLC
—
Deed Of Trust
related
$43,089 · Independence Bk
—
—
Heritage Village Of Avon IV LLC
—
Deed Of Trust
related
$550,000 · Independence Bk
—
—
Heritage Village Of Avon LLC
—
Deed Of Trust
related
$200,000 · Alexander D Hahn
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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