Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Specialty properties
38475 Chestnut Rdg Rd Elyria, OH 44035-8670
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-5195127
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Total area
9,166 SF
Lot
3.65 ac (158,994 SF)
APN
11-00-092-000-093
UPID
US66-5195127
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
-
Laubenthal-Mercado Funeral Home, Inc. Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$733k
Blend (final)
Blend
$550k
Owner & transaction history
Laubenthal-mercado Holdings Ll · 9 yrs held
Laubenthal-mercado Holdings Ll
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$875,000
+70.5%
Apartment house (5+ units)
$805,000
+56.7%
Retail stores
$690,000
+34.2%
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 Elyria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elyria 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
$360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
$515,000
Current use
RESTAURANT
$875,000
Change: +70% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$805,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$690,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$685,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$60 / 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
$18,451
Tax year 2023
Assessed value
$320,233
Assessed 2023
Previous assessed
$320,240
0.0% YoY
Effective rate
5.76%
On assessed value
Assessed land
$40,558
Assessed improvement
$279,675
Land market value
$115,880
Improvement market value
$799,070
Total market value
$914,950
Applied tax rate
28.0000
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
9,166 SF
Lot
3.65 ac (158,994 SF)
APN
11-00-092-000-093
UPID
US66-5195127
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
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
Est. value
$515,000
RESTAURANT
Est. value
$875,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$805,000
RETAIL STORES
Est. value
$690,000
MEDICAL BUILDING
Est. value
$685,000
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
3.65 ac
Current owner
From public records · entity-resolved
Laubenthal-mercado Holdings Ll
Entity
Mailing address
38475 CHESTNUT RDG RD, ELYRIA, OH 44035-8670
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2023
—
Laubenthal Mercado Holdings LLC
—
Deed
related
$215,973 · Buckeye Community Bank
Apr 28, 2023
—
Laubenthal Mercado Holdings LLC
—
Deed
related
$140,000 · Buckeye Community Bank
Aug 30, 2019
—
Laubenthal Mercado Hldgs LLC
—
Deed
related
$290,000 · Buckeye Cmnty Bk
Oct 5, 2016
—
Laubenthal-mercado Holdings Ll
Laubenthal-mercado Holdings Ll
Quit Claim Deed
related
—
May 1, 2014
—
Laubenthal Mercado Holdings LLC
Richard C Laubenthal
Intrafamily Transfer
related
$250,000 · Firstmerit Bank NA
Feb 8, 2006
—
Laubenthal,richard C
Laubenthal,sandra L
Quit Claim Deed
related
—
—
—
Richard C Laubenthal
—
Loan Modification
related
—
—
—
Laubenthal Mercado Hldgs LLC
—
Deed Of Trust
related
$290,000 · Buckeye Cmnty Bk
—
—
Laubenthal,richard C & Christine T
—
Deed Of Trust
related
$409,399 · Firstmerit 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 38475 Chestnut Rdg Rd?
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.
