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Property profile & analytics
OFF-MARKET
Apartment buildings
38973 Butternut Rdg Rd Elyria, OH 44035-8306
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-6239701
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1949
Construction
FRAME
Total area
384 SF
Lot
2.27 ac (98,881 SF)
APN
10-00-006-120-012
UPID
US66-6239701
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
The Ohio Project LLC · 4 yrs held
The Ohio Project LLC
since 2022
Last sale
$220,000
7 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,678
Tax year 2023
Assessed value
$96,436
Assessed 2023
Previous assessed
$96,440
0.0% YoY
Effective rate
5.89%
On assessed value
Assessed land
$19,866
Assessed improvement
$76,570
Land market value
$56,760
Improvement market value
$218,770
Total market value
$275,530
Applied tax rate
22.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1949
Construction
FRAME
Heating
BASEBOARD
Buildings
5
Stories
1
Rooms
2
Bathrooms
6
Total area
384 SF
Lot
2.27 ac (98,881 SF)
APN
10-00-006-120-012
UPID
US66-6239701
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
Year built
1949
Construction
FRAME
Heating
BASEBOARD
Stories
1
Buildings
5
Rooms
2
Bathrooms
6
Lot
2.27 ac
Current owner
From public records · entity-resolved
The Ohio Project LLC
Entity
Mailing address
14930 VENTURA BLVD, SHERMAN OAKS, CA 91403-3447
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2022
$220,000
The Ohio Project LLC
Jed Investments LLC
Warranty Deed
$187,000 · Conventus LLC
Feb 11, 2010
—
Jed Investments LLC
Dixon,james E JR
Warranty Deed
related
—
Nov 8, 2004
—
James Dixon
—
Trustees Deed
related
$140,000 · David & Kathy Montgomery
Mar 19, 2003
$88,900
James E Dixon
Wm Specialty Mortgage LLC
Grant Deed
—
Jan 8, 2003
$100,000
Wm Specialty Mortgage LLC
Wiles,shirley
Trustees Deed
related
—
—
—
Jed Investments LLC
—
Deed Of Trust
related
$307,900 · First Fed'l S&l/lorain
—
—
James E Dixon JR.
—
Deed Of Trust
related
$100,000 · Tom & Millie Eckert
—
—
James E Dixon JR.
—
Deed Of Trust
related
$100,000 · Matthew W Dixon
—
—
James E Dixon JR.
—
Deed Of Trust
related
$256,000 · First Federal S & L Lorai
—
—
James E Dixon JR.
—
Deed Of Trust
related
$100,000 · Matthew W Dixon
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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