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Property profile & analytics
OFF-MARKET
Estimated value
$3,485,000
Manufacturing properties
400 Clark St Elyria, OH 44035-6108
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-1465436
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Year built
1906
Total area
54,256 SF
Lot
9.28 ac (404,237 SF)
APN
06-25-071-102-001
UPID
US66-1465436
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
-
RIDGID Software Solutions (Bike/Boat/Book/etc) Store Corporate Office
-
Ridge Tool Company (RIDGID) Production Facility Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.16M
Comparable Approach
Comparable
$3.77M
Blend (final)
Blend
$3.49M
Owner & transaction history
Ridge Tool Company · 1 yrs held
Ridge Tool Company
since 2025
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.1M
+58.3%
Auto repair, garage
$4.5M
+39.9%
Office building
$4.4M
+38.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$3,415,000
6.5%
$3,155,000
7%
$2,930,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,190,000
Current use
MEDICAL BUILDING
$5,055,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,465,000
Change: +40% · Conversion: Easy
OFFICE BUILDING
$4,405,000
Change: +38% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,185,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,945,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$3.49M
Range $3.14M – $3.83M · ±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
$64 / 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
$147,147
Tax year 2023
Assessed value
$2,023,980
Assessed 2023
Previous assessed
$1,948,600
+3.9% YoY
Effective rate
7.27%
On assessed value
Assessed land
$133,980
Assessed improvement
$1,890,000
Land market value
$382,800
Improvement market value
$5,400,000
Total market value
$5,782,800
Applied tax rate
33.0000
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
FACTORY (MANUFACTURING)
Status
Off-Market
Year built
1906
Heating
NONE
Stories
1
Total area
54,256 SF
Lot
9.28 ac (404,237 SF)
APN
06-25-071-102-001
UPID
US66-1465436
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.5M
OFFICE BUILDING
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
WAREHOUSE, STORAGE
Est. value
$3.9M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1906
Heating
NONE
Stories
1
Lot
9.28 ac
Current owner
From public records · entity-resolved
Ridge Tool Company
Entity
Free & Clear · 1 yrs held
Mailing address
400 CLARK ST, ELYRIA, OH 44035-6108
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2025
—
Ridge Tool Company
Emerson Electric Co
Deed
—
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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