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Property profile & analytics
OFF-MARKET
Estimated value
$2,525,000
Manufacturing properties
395 Fountain Ave Painesville, OH 44077-1209
Entity Owned
9-yr Hold
Free & Clear
Property ID
US66-1513850
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1995
Total area
48,456 SF
Lot
6.37 ac (277,477 SF)
APN
15-C-028-B-00-030-0
UPID
US66-1513850
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
$2.87M
Comparable Approach
Comparable
$2.66M
Blend (final)
Blend
$2.53M
Owner & transaction history
Grand Rock Real Estate LLC · 9 yrs held
Grand Rock Real Estate LLC
since 2017
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.1M
+92.1%
Medical building
$3.4M
+61.2%
Commercial (general)
$2.9M
+39.1%
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 Painesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Painesville 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%
$3,110,000
6.5%
$2,870,000
7%
$2,665,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,115,000
Current use
AUTO REPAIR, GARAGE
$4,060,000
Change: +92% · Conversion: Easy
MEDICAL BUILDING
$3,410,000
Change: +61% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,940,000
Change: +39% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,740,000
Change: +30% · Conversion: Easy
RETAIL STORES
$1,870,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$2.53M
Range $2.27M – $2.78M · ±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
$52 / 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
$51,367
Tax year 2023
Assessed value
$515,120
Assessed 2023
Previous assessed
$515,120
+0.0% YoY
Effective rate
9.97%
On assessed value
Assessed land
$46,750
Assessed improvement
$468,370
Land market value
$133,570
Improvement market value
$1,338,210
Total market value
$1,471,780
Applied tax rate
15.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1995
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
15
Total area
48,456 SF
Lot
6.37 ac (277,477 SF)
APN
15-C-028-B-00-030-0
UPID
US66-1513850
Jurisdiction
LAKE
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
$2.1M
AUTO REPAIR, GARAGE
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$2.9M
WAREHOUSE, STORAGE
Est. value
$2.7M
RETAIL STORES
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1995
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
15
Lot
6.37 ac
Current owner
From public records · entity-resolved
Grand Rock Real Estate LLC
Entity
Free & Clear · 9 yrs held
Mailing address
395 FOUNTAIN AVE, PAINESVILLE, OH 44077-1209
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2021
—
Grand Pock Real Estate LLC
—
Deed
related
$1,400,000 · First National Bank Of Pennsylvania
May 25, 2017
$1,666,900
Grand Rock Real Estate LLC
Stibekabd Ubc
Limited Warranty Deed
—
May 25, 2017
—
Grand Rock Real Estate LLC
Grand-rock Co INC
Quit Claim Deed
related
—
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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