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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Warehouses
40920 Butternut Rdg Rd Elyria, OH 44035-7920
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-4414208
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Total area
5,700 SF
Lot
2.27 ac (98,881 SF)
APN
10-00-013-000-259
UPID
US66-4414208
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
-
Secor Logistics, LLC Freight Service Logistics Company
-
Wicked Truck & Trailer Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$610k
Blend (final)
Blend
$570k
Owner & transaction history
Vs Best Little Warehouse LLC · 3 yrs held
Vs Best Little Warehouse LLC
since 2023
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$625,000
+50.5%
Medical building
$530,000
+28.1%
Auto repair, garage
$470,000
+13.3%
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$415,000
Current use
RESTAURANT
$625,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$530,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$470,000
Change: +13% · Conversion: Easy
OFFICE BUILDING
$465,000
Change: +12% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$440,000
Change: +6% · Conversion: Moderate
RETAIL STORES
$350,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$100 / 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
$11,584
Tax year 2023
Assessed value
$174,202
Assessed 2023
Previous assessed
$174,200
+0.0% YoY
Effective rate
6.65%
On assessed value
Assessed land
$33,418
Assessed improvement
$140,784
Land market value
$95,480
Improvement market value
$402,240
Total market value
$497,720
Applied tax rate
21.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
5,700 SF
Lot
2.27 ac (98,881 SF)
APN
10-00-013-000-259
UPID
US66-4414208
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
WAREHOUSE, STORAGE Current
Est. value
$415,000
RESTAURANT
Est. value
$625,000
MEDICAL BUILDING
Est. value
$530,000
AUTO REPAIR, GARAGE
Est. value
$470,000
OFFICE BUILDING
Est. value
$465,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$440,000
RETAIL STORES
Est. value
$350,000
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
2.27 ac
Current owner
From public records · entity-resolved
Vs Best Little Warehouse LLC
Entity
Free & Clear · 3 yrs held
Mailing address
40908 BUTTERNUT RDG RD, ELYRIA, OH 44035-7920
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2023
—
Vs Best Little Warehouse LLC
Vs Best Little Warehouse LLC
Intrafamily Transfer
related
—
Sep 29, 2020
—
Vs Best Little Warehouse LLC
—
Deed Of Trust
related
$4,100,000 · S&t Bk
Sep 26, 2017
—
Vs Best Little Warehouse LLC
Best Little Warehouse Of Carli
Quit Claim Deed
related
—
Nov 25, 2014
—
Best Little Warehouse Of Carlisle
—
Grant Deed
related
$2,187,500 · Huntington Nat'l Bk
Aug 23, 2013
—
Ra Plas Paving INC
Plas,richard A JR & Emma
Quit Claim Deed
related
—
—
—
Best Little Warehouse Of Carlisle
—
Deed Of Trust
related
$1,275,000 · Geauga Svgs 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.
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