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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Community centers
35980 Detroit Rd Avon, OH 44011-1653
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-2729753
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2000
Total area
4,256 SF
Lot
82.83 ac (3,608,075 SF)
APN
04-00-015-103-054
UPID
US66-2729753
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
-
U.S. Bank Branch Bank Loan Service
-
ATM (US Bank) Atm
-
US Bank Mortgage Loan Service Bank
-
U.S. Bank-Joseph Daher-Mortgage Loan Officer Loan Service Bank
-
Heinen's Grocery Store Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$550k
Blend (final)
Blend
$635k
Owner & transaction history
Apple Ohio LLC · 6 yrs held
Apple Ohio LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$410,000
+25.3%
Medical building
$395,000
+20.8%
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
$645,000
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$410,000
Change: +25% · Conversion: Moderate
MEDICAL BUILDING
$395,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$149 / 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
$1,437,009
Tax year 2023
Assessed value
$22,384,030
Assessed 2023
Previous assessed
$21,590,350
+3.7% YoY
Effective rate
6.42%
On assessed value
Assessed land
$6,667,815
Assessed improvement
$15,716,215
Land market value
$19,050,900
Improvement market value
$44,903,470
Total market value
$63,954,370
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2000
Heating
NONE
Buildings
12
Stories
1
Units
1
Total area
4,256 SF
Lot
82.83 ac (3,608,075 SF)
APN
04-00-015-103-054
UPID
US66-2729753
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
OFFICE BUILDING
Est. value
$410,000
MEDICAL BUILDING
Est. value
$395,000
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
2000
Heating
NONE
Stories
1
Buildings
12
Units
1
Lot
82.83 ac
Current owner
From public records · entity-resolved
Apple Ohio LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1375 E 9TH ST, CLEVELAND, OH 44114-1739
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Dec 16, 2019
—
Apple Ohio LLC
—
Deed
related
—
Dec 22, 2016
—
First Interstate Avon Ltd
—
Deed
related
$5,000,000 · Chemical Bk
May 13, 2011
—
Apple Ohio LLC
—
Deed Of Trust
related
$320,000,000 · Bank Of America
—
—
Apple Ohio LLC
—
Loan Modification
related
—
—
—
Interstate Avon Commons First
—
Loan Modification
related
$47,500,000 · Nationwide Life Insurance Co
—
—
Apple Ohio LLC
—
Deed Of Trust
related
$575,000,000 · Bank Of America
—
—
First Interstate Avon Ltd
—
Deed Of Trust
related
$47,500,000 · Nationwide Life Insurance Co
—
—
First Interstate Avon Ltd
—
Deed Of Trust
related
$5,000,000 · Chemical 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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