Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Medical Office Space
36701 American Way Avon, OH 44011-4063
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-4394573
Property summary
AI-generated overview
This exceptional Class A, 3,026 square foot medical office condo in Avon, Ohio, presents a compelling investment opportunity. Located at 36701 American Way, this fee-simple property boasts a 100% occupancy rate with a single tenant, Dermatologists of Southwest Ohio, under a triple-net (NNN) lease. The tenant, established in 2008, recently extended their lease in 2019 for an additional eight years, demonstrating strong commitment to the location. This two-story building, constructed in 2008, offers a hands-off investment experience, with the tenant responsible for all interior maintenance, HVAC, real estate taxes, insurance, and common area maintenance. The property benefits from an excellent location, offering convenient access to Interstate 90 and a strong co-tenancy including the Cleveland Clinic Family Health Center and Cleveland Eye Clinic, attracting patients from multiple counties. The asking price is $771,300, representing a highly attractive 8.45% cap rate and a price per square foot of $254.89. This investment provides a depreciable asset with above-market returns, making it an ideal addition to any portfolio. The property is part of a larger complex known as "American Way," further enhancing its visibility and appeal.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Total area
2,970 SF
Lot
0.07 ac (3,049 SF)
APN
04-00-016-702-007
UPID
US66-4394573
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
-
Dr. Jennifer Gould Physician Medical Clinic
-
Mrs. Renee Ott Physician
-
Jennifer Wesley W. Gould Physician Medical Clinic
-
Justin Hastings Physician Medical Clinic
-
Dr. Paul Bedocs Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$745k
Owner & transaction history
Brady-cam I LLC · 11 yrs held
Brady-cam I LLC
since 2014
Last sale
$760,000
3 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
$765,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $760k (Jan 2 2025)
Last sale anchor
$760k
Jan 2 2025
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
$251 / 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
$12,763
Tax year 2023
Assessed value
$198,804
Assessed 2023
Previous assessed
$198,800
+0.0% YoY
Effective rate
6.42%
On assessed value
Assessed land
$40,541
Assessed improvement
$158,263
Land market value
$115,830
Improvement market value
$452,180
Total market value
$568,010
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Heating
NONE
Stories
1
Units
1
Total area
2,970 SF
Lot
0.07 ac (3,049 SF)
APN
04-00-016-702-007
UPID
US66-4394573
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
Heating
NONE
Stories
1
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Brady-cam I LLC
Entity
Mailing address
WESTLAKE, OH 44145
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2014
—
Brady-cam I LLC
—
Grant Deed
related
$1,640,000 · Lorain Nat'l Bk
—
—
Brady-cam I LLC
—
Deed Of Trust
related
$4,935,000 · Lorain Nat'l Bk
—
—
Brady Cam I LLC
—
Deed Of Trust
related
$2,500,000 · Northwest 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 36701 American Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
