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Property profile & analytics
FOR LEASE
Community centers
425 Water St Chardon, OH 44024
Individually Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-6302503
For Lease
1 / 2
$1,710,000
425 Water St, Chardon, OH 44024
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1958
Total area
106,658 SF
Lot
14.4 ac (627,264 SF)
APN
10-032500
UPID
US66-6302503
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
$1.71M
Owner & transaction history
Aveni-chardon Ltd · 20 yrs held
Aveni-chardon Ltd
since 2005
6 recorded transactions
Zoning & alternative use
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 Chardon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chardon 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
$16 / 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
$138,780
Tax year 2023
Assessed value
$2,005,850
Assessed 2023
Previous assessed
$1,585,430
+26.5% YoY
Effective rate
6.92%
On assessed value
Assessed land
$907,200
Assessed improvement
$1,098,650
Land market value
$2,592,000
Improvement market value
$3,139,000
Total market value
$5,731,000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1958
Heating
NONE
Buildings
4
Stories
2
Total area
106,658 SF
Lot
14.4 ac (627,264 SF)
APN
10-032500
UPID
US66-6302503
Jurisdiction
GEAUGA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1958
Heating
NONE
Stories
2
Buildings
4
Lot
14.4 ac
Current owner
From public records · entity-resolved
Aveni-chardon Ltd
Individual
Mailing address
6690 BETA DR STE #220, CLEVELAND, OH 44143-2359
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Feb 28, 2025
—
Aveni Chardon Ltd
—
Deed
related
$6,900,000 · Standard Insurance Co
Aug 17, 2005
—
Aveni-chardon Ltd
Hilltop Plaza
Warranty Deed
—
Jun 10, 2005
$12,500,000
Hilltop Plaza Co
Chardon Village Properties LLC
Warranty Deed
—
Feb 26, 2003
—
Chardon Village Properties LLC
Bull Run Properties LLC
Quit Claim Deed
related
—
Dec 1, 1999
$4,421,000
Bull Run Properties LLC
Chardon Plaza Investment Co
Trustees Deed
—
Dec 1, 1999
—
Bull Run Properties LLC
Bull Run Properties LLC
Quit Claim Deed
related
$6,748,000 · Firstar Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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