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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Industrial properties
3739 Colorado Ave Sheffield Village, OH 44054-2505
Entity Owned
8-yr Hold
Free & Clear
Property ID
US66-2080932
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1966
Total area
10,900 SF
Lot
1.59 ac (69,260 SF)
APN
03-00-059-000-010
UPID
US66-2080932
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$724k
Blend (final)
Blend
$525k
Owner & transaction history
Benkar INC · 8 yrs held
Benkar INC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$840,000
+33.9%
Retail stores
$675,000
+7.3%
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 Sheffield Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sheffield Village 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
by Request
CAP Approach
CAP Return
Estimation
6%
$685,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$630,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$840,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$675,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$48 / 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
$11,115
Tax year 2023
Assessed value
$172,956
Assessed 2023
Previous assessed
$172,960
0.0% YoY
Effective rate
6.43%
On assessed value
Assessed land
$20,601
Assessed improvement
$152,355
Land market value
$58,860
Improvement market value
$435,300
Total market value
$494,160
Applied tax rate
65.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1966
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
10,900 SF
Lot
1.59 ac (69,260 SF)
APN
03-00-059-000-010
UPID
US66-2080932
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
INDUSTRIAL (GENERAL) Current
Est. value
$630,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$840,000
RETAIL STORES
Est. value
$675,000
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1966
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
1.59 ac
Current owner
From public records · entity-resolved
Benkar INC
Entity
Free & Clear · 8 yrs held
Mailing address
5530 EVERGREEN PKWY, SHEFFIELD VILLAGE, OH 44054
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2018
—
Benkar INC
—
Deed
related
$315,000 · Pnc Bk
Mar 9, 2018
$350,250
Benkar INC
Double Mcd Properties Ltd
Grant Deed
—
Dec 17, 2014
$500,000
Double Mcd Properties Ltd
Romanoff Lois Z Trust
Grant Deed
—
May 22, 2013
—
Lois Z Romanoff
Romanoff Richard B Trust
Quit Claim Deed
related
—
—
—
Benkar INC
—
Deed Of Trust
related
$315,000 · Pnc 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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