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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Flex space
4215 Hamann Pkwy, Willoughby, OH 44094-5623
Trust Owned
5-yr Hold
Free & Clear
Property ID
US66-1588675
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1973
Total area
25,125 SF
Lot
2.23 ac (97,182 SF)
Zoning code
R-MFL
APN
27-A-014-A-00-018-0
UPID
US66-1588675
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
$1.03M
Blend (final)
Blend
$830k
Owner & transaction history
Trust Manufacturing LLC · 5 yrs held
Trust Manufacturing LLC
since 2021
7 recorded transactions
Zoning & alternative use
R-MFL · Willoughby, 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 Willoughby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Willoughby 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
INDUSTRIAL (GENERAL)
$1,240,000
Current use
Blend value · Realmo final
$830k
Range $747k – $913k · ±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
$33 / 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
$18,953
Tax year 2023
Assessed value
$231,710
Assessed 2023
Previous assessed
$231,710
+0.0% YoY
Effective rate
8.18%
On assessed value
Assessed land
$86,660
Assessed improvement
$145,050
Land market value
$247,590
Improvement market value
$414,430
Total market value
$662,020
Applied tax rate
27.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1973
Heating
FLOOR/WALL FURNACE
Cooling
CENTRAL
Stories
1
Total area
25,125 SF
Lot
2.23 ac (97,182 SF)
Zoning code
R-MFL
APN
27-A-014-A-00-018-0
UPID
US66-1588675
Jurisdiction
LAKE
Zoning & alternative use
R-MFL · Willoughby, OH
Zoning R-MFL · permitted uses
R-MFL · Willoughby, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Willoughby. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
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
1973
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Lot
2.23 ac
Current owner
From public records · entity-resolved
Trust Manufacturing LLC
Trust
Free & Clear · 5 yrs held
Mailing address
4215 HAMANN PKWY, WILLOUGHBY, OH 44094-5623
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
—
Voyage Capital Properties III LLC
—
Deed
related
$1,040,000 · Premier Bank
Jan 12, 2021
$2,800
Trust Manufacturing LLC
Jel Property Management
Warranty Deed
—
Mar 29, 2016
—
Jel Property Management LLC
Larson,jane
Warranty Deed
—
Sep 2, 2015
—
Jane Larson
Ericson Jane S Trust
Grant Deed
—
May 19, 2015
—
Ericson,john Trust
Ericson John Trust
Quit Claim Deed
related
—
Jan 22, 2015
—
Ericson,john Trust
Ericson John Trust
Quit Claim Deed
related
—
Jan 7, 2008
—
Ericson Jane S Trust
Ericson,jane S
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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