Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Office buildings
3885 Oberlin Ave 1 Lorain, OH 44053-2813
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1182464
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
5,360 SF
Lot
1.05 ac (45,738 SF)
APN
02-01-006-190-022
UPID
US66-1182464
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
-
Sprenger Health Care Systems Retirement Community
-
Jarmoszuk Irene MD Physician Medical Clinic
-
Dr. Joseph K. Korinek, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$564k
Blend (final)
Blend
$845k
Owner & transaction history
Autumn Aegis Rental Properties · 13 yrs held
Autumn Aegis Rental Properties
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+147.3%
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 Lorain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lorain 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%
$1,205,000
6.5%
$1,110,000
7%
$1,030,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,145,000
Change: +147% · Conversion: Easy
Blend value · Realmo final
$845k
Range $761k – $930k · ±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
$158 / 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
$11,779
Tax year 2023
Assessed value
$149,916
Assessed 2023
Previous assessed
$149,910
+0.0% YoY
Effective rate
7.86%
On assessed value
Assessed land
$28,662
Assessed improvement
$121,254
Land market value
$81,890
Improvement market value
$346,440
Total market value
$428,330
Applied tax rate
42.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Heating
NONE
Stories
1
Units
1
Total area
5,360 SF
Lot
1.05 ac (45,738 SF)
APN
02-01-006-190-022
UPID
US66-1182464
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
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
1978
Heating
NONE
Stories
1
Units
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Autumn Aegis Rental Properties
Entity
Mailing address
3905 OBERLIN AVE, LORAIN, OH 44053-2853
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2019
—
Autumn Aegis Rental Prop Ltd
—
Deed
related
$4,047,000 · Huntington Nat'l Bk
Oct 3, 2018
—
Autumn Aegis Rental Prop Ltd
—
Grant Deed
related
$11,065,000 · Huntington Nat'l Bk
Jan 29, 2018
—
Rental Properties Ltd
—
Deed
related
$19,686,850 · Huntington Nat'l Bk
Sep 30, 2016
—
Autumn Aegis Rental Props Ltd
—
Deed
related
$7,461,000 · Huntington Nat'l Bk
Jun 14, 2016
—
Autumn Aegis Rental Properties
—
Deed
related
$1,452,149 · Huntington Nat'l Bk
May 31, 2013
$327,400
Autumn Aegis Rental Properties
Yuzon Medical Building Ltd
Warranty Deed
—
—
—
Autumn Aegis Rental Prop Ltd
—
Deed Of Trust
related
$4,047,000 · Huntington Nat'l Bk
—
—
Autumn Aegis Rental Properties
—
Deed Of Trust
related
$54,968,870 · Huntington National Bank
—
—
Yuzon Medical Building Ltd
—
Deed Of Trust
related
$420,000 · Buckeye Community Bank
—
—
Autumn Aegis Rental Properties
—
Deed Of Trust
related
$1,452,149 · Huntington Nat'l Bk
—
—
Autumn Aegis Rental Props Ltd
—
Deed Of Trust
related
$7,461,000 · Huntington Nat'l Bk
—
—
Rental Properties Ltd
—
Deed Of Trust
related
$19,686,850 · Huntington Nat'l 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 3885 Oberlin Ave, Unit 1?
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.
