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Property profile & analytics
OFF-MARKET Estimated value $510,000
Manufacturing properties

383 Fountain Ave Painesville, OH 44077-1209

11,540 SF 1.03 ac lot Built 2000
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US66-5536559
Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2000
Total area 11,540 SF
Lot 1.03 ac (44,867 SF)
Zoning code M-2
APN 15-C-028-B-00-015-0
UPID US66-5536559
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
$510k
CAP Approach CAP
$685k
Comparable Approach Comparable
$615k
Blend (final) Blend
$510k
Owner & transaction history
375 Fountain Ave LLC · 2 yrs held
375 Fountain Ave LLC
since 2024
Last sale
$510,000
7 recorded transactions
2024
$510,000
2021
$360,000
2015
Price N/A
2007
$485,000
1999
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M-2 · Painesville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

M-2 Industrial Zoning Overlays: Design Districts, Historic Districts, PUD For more detail regarding zoning regulations for each district, see Chapter 1113 of the Unified Development Code. All requests for permitted uses for a given property can be submitted in writing to the City Planner. What Requires a Zoning Permit? All new construction, additions, porche…

Zone name Industrial
General category INDUSTRIAL
Zone area 280.17 ac
Source Painesville, OH
Top alternative use upside
Medical building $810,000 +61.2%
Commercial (general) $700,000 +39.1%
Warehouse, storage $655,000 +29.7%
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