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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Gas stations
3594 Liberty Ave Vermilion, OH 44089-2424
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1119017
Property profile
Verified
Property type
Gas stations
Use group
GAS STATION
Year built
1957
Total area
1,765 SF
Lot
0.54 ac (23,522 SF)
APN
01-00-003-120-021
UPID
US66-1119017
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
-
Marathon Gas Gas Station
-
Sunoco Gas Station
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$580k
Blend (final)
Blend
$540k
Owner & transaction history
Veer Devaj LLC · 2 yrs held
Veer Devaj LLC
since 2024
Last sale
$540,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$875,000
+59.4%
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 Vermilion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vermilion 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
$540,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE STATION (FULL SERVICE)
$550,000
Current use
OFFICE BUILDING
$875,000
Change: +59% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $540k (May 28 2024)
Last sale anchor
$540k
May 28 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
$306 / 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
$8,209
Tax year 2023
Assessed value
$99,775
Assessed 2023
Previous assessed
$99,775
+0.0% YoY
Effective rate
8.23%
On assessed value
Assessed land
$32,991
Assessed improvement
$66,784
Land market value
$94,260
Improvement market value
$190,810
Total market value
$285,070
Applied tax rate
16.0000
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
Gas stations
Use group
GAS STATION
Status
Off-Market
Year built
1957
Heating
NONE
Stories
1
Units
1
Total area
1,765 SF
Lot
0.54 ac (23,522 SF)
APN
01-00-003-120-021
UPID
US66-1119017
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
SERVICE STATION (FULL SERVICE) Current
Est. value
$550,000
OFFICE BUILDING
Est. value
$875,000
SERVICE STATION (FULL SERVICE) 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
1957
Heating
NONE
Stories
1
Units
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Veer Devaj LLC
Entity
Mailing address
3594 LIBERTY AVE, VERMILION, OH 44089-2424
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2024
$540,000
Veer Devaj LLC
Shubh Shanti LLC
Limited Warranty Deed
$842,000 · Enterprise Bank & Trust Co
Jul 6, 2005
—
Countywide Petroleum Co
Shubh Shanti LLC
Grant Deed
related
—
May 26, 2005
$540,000
Shubh Shanti LLC
Handee Marts INC
Warranty Deed
$432,000 · Park View Fsb
Dec 30, 2003
—
Handee Marts INC
—
Deed Of Trust
related
$14,500,000 · First National Bank Pa
—
—
Handee Marts INC
—
Deed Of Trust
related
$14,500,000 · First National Bank Pa
—
—
Shubh Shanti LLC
—
Deed Of Trust
related
$35,600 · Park View Fsb
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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