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Property profile & analytics
OFF-MARKET
Warehouses
4122 Lorain Ave, Cleveland, OH 44113
Entity Owned
12-yr Hold
Free & Clear
Property ID
US66-5409303
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1900
Total area
4,300 SF
Lot
0.12 ac (5,280 SF)
Zoning code
LR
APN
003-35-071
UPID
US66-5409303
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
Rock Lorain LLC · 12 yrs held
Rock Lorain LLC
since 2014
7 recorded transactions
Zoning & alternative use
LR · Cleveland, OH
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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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
$9,385
Tax year 2023
Assessed value
$86,590
Assessed 2023
Previous assessed
$86,590
+0.0% YoY
Effective rate
10.84%
On assessed value
Assessed land
$10,150
Assessed improvement
$76,440
Land market value
$29,000
Improvement market value
$218,400
Total market value
$247,400
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1900
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Units
230
Bathrooms
2
Total area
4,300 SF
Lot
0.12 ac (5,280 SF)
Zoning code
LR
APN
003-35-071
UPID
US66-5409303
Jurisdiction
CUYAHOGA
Zoning & alternative use
LR · Cleveland, OH
Zoning LR · permitted uses
LR · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
230
Bathrooms
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Rock Lorain LLC
Entity
Free & Clear · 12 yrs held
Mailing address
4125 LORAIN AVE, CLEVELAND, OH 44113-3718
Ownership since
2014
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
Oct 5, 2020
—
Rock Lorain LLC
—
Deed
related
$412,500 · Civista Bk
Jun 30, 2016
—
Rock Lorain LLC
—
Deed
related
$50,000 · Miscellaneous Govt Agcy
Feb 21, 2014
$55,000
Rock Lorain LLC
Bojack,charles J JR
Warranty Deed
—
Apr 26, 2007
$85,000
Charles J Bojack JR.
Ib Property Holdings LLC
Grant Deed
$72,250 · Interbay Funding LLC
Apr 26, 2007
$53,334
Ib Property Holdings LLC
Sheriff Of Cuyahoga County
Trustees Deed
related
—
—
—
Rock Lorain LLC
—
Deed Of Trust
related
$256,710 · First Nat'l Bk/pa
—
—
Rock Lorain LLC
—
Deed Of Trust
related
$50,000 · Miscellaneous Govt Agcy
—
—
Rock Lorain LLC
—
Deed Of Trust
related
$200,000 · Miscellaneous Govt Agcy
—
—
Rock Lorain LLC
—
Deed Of Trust
related
$40,000 · Miscellaneous Govt Agcy
—
—
Harry Pallas
—
Deed Of Trust
related
$80,000 · Interbay Funding LLC
—
—
Harry T Pallas
—
Deed Of Trust
related
$48,024 · Seaway Acceptance Corp
—
—
Rock Lorain LLC
—
Deed Of Trust
related
$412,500 · Civista 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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