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Property profile & analytics
FOR SALE
Office buildings
4259 E Lake Rd Sheffield Lake, OH 44054
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-6105417
For Sale
1 / 13
$975,000
4259 E Lake Rd, Sheffield Lake, OH 44054
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Property summary
AI-generated overview
This exceptional two-story, 4,850 square foot executive office building in Sheffield Lake, Ohio, presents a unique investment opportunity. Built in 1990 and renovated in 2015, the property sits on a 0.87-acre lot (APN: 03-00-040-101-001) and boasts a prime lakefront location with stunning views. The B-1 zoned property includes ample parking for over 20 vehicles. The interior features multiple offices, a spacious waiting area, and a convenient kitchenette. Significant recent investments, including over $100,000 in a new break wall within the past two years, ensure long-term protection and enhance the property's value. This property is ideal for owner-occupants or investors seeking a high-value, lakefront commercial space. The asking price is $1,049,000. Located at 4259 E Lake Rd, Sheffield Lake, OH 44054.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
4,358 SF
Lot
0.87 ac (37,897 SF)
APN
03-00-040-101-001
UPID
US66-6105417
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
$449k
Blend (final)
Blend
$585k
Owner & transaction history
Dominick S Guarino · 4 yrs held
Dominick S Guarino
since 2022
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$405,000
+8.0%
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 Sheffield Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sheffield Lake 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
OFFICE BUILDING
$375,000
Current use
MEDICAL BUILDING
$405,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$360,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$134 / 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
$14,280
Tax year 2023
Assessed value
$201,457
Assessed 2023
Previous assessed
$201,450
+0.0% YoY
Effective rate
7.09%
On assessed value
Assessed land
$60,984
Assessed improvement
$140,473
Land market value
$174,240
Improvement market value
$401,350
Total market value
$575,590
Applied tax rate
64.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1990
Heating
NONE
Stories
2
Units
1
Total area
4,358 SF
Lot
0.87 ac (37,897 SF)
APN
03-00-040-101-001
UPID
US66-6105417
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
OFFICE BUILDING Current
Est. value
$375,000
MEDICAL BUILDING
Est. value
$405,000
AUTO REPAIR, GARAGE
Est. value
$360,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1990
Heating
NONE
Stories
2
Units
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Dominick S Guarino
Individual
Mailing address
4259 LK RD, AVON LAKE, OH 44012
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Jan 6, 2022
—
Dominick S Guarino
—
Deed
related
$170,000 · Buckeye Community 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.
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