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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Strip malls
4310 Leavitt Rd Ste A Lorain, OH 44053-2387
Entity Owned
~
Est. High Equity
Property ID
US66-4307909
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Total area
6,261 SF
Lot
1 ac (43,560 SF)
APN
02-02-008-107-039
UPID
US66-4307909
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
-
The Original Steaks and Hoagies - Lorain Take-out & Catering Catering Service
-
Starbucks Cafe & Coffee Shop
-
Lorain's Badass Burgers and Fried Chicken Restaurant Take-out & Catering
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
-
Sport Clips Haircuts of Lorain Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$801k
Blend (final)
Blend
$660k
Owner & transaction history
Oh Lorain Lightouse Wmk LLC
Oh Lorain Lightouse Wmk LLC
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$585,000
+20.8%
Restaurant
$560,000
+15.8%
Office building
$540,000
+11.9%
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 Lorain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lorain 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
NEIGHBORHOOD: SHOPPING CENTER
$485,000
Current use
MEDICAL BUILDING
$585,000
Change: +21% · Conversion: Difficult
RESTAURANT
$560,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$540,000
Change: +12% · Conversion: Moderate
AUTO REPAIR, GARAGE
$515,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$105 / 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
$24,330
Tax year 2023
Assessed value
$309,666
Assessed 2023
Previous assessed
$309,660
+0.0% YoY
Effective rate
7.86%
On assessed value
Assessed land
$60,984
Assessed improvement
$248,682
Land market value
$174,240
Improvement market value
$710,520
Total market value
$884,760
Applied tax rate
42.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Heating
NONE
Stories
1
Units
1
Total area
6,261 SF
Lot
1 ac (43,560 SF)
APN
02-02-008-107-039
UPID
US66-4307909
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$485,000
MEDICAL BUILDING
Est. value
$585,000
RESTAURANT
Est. value
$560,000
OFFICE BUILDING
Est. value
$540,000
AUTO REPAIR, GARAGE
Est. value
$515,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RESTAURANT
OFFICE 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
Heating
NONE
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Oh Lorain Lightouse Wmk LLC
Entity
Mailing address
3951 CONVENIENCE CIR NW, CANTON, OH 44718-2686
Ownership since
2026
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 7, 2026
—
Oh-lorain Lighthouse-wmx LLC
—
Deed
related
$12,350,000 · Wellsfargobankna
Jan 5, 2026
—
Oh Lorain Lightouse Wmk LLC
Deville Developments LLC
Warranty Deed
—
Dec 6, 2012
—
Rl Deville Ents Ltd
—
Deed Of Trust
related
$1,798,686 · Firstmerit Bank NA
Oct 17, 2012
$1,400,000
Rl Deville Ents Ltd
Lighthouse Vlg Partners LLC
Warranty Deed
—
Apr 20, 2006
$115,000
Lighthouse Village Ptrs LLC
Hak-kerem Beyth Trust 1
Warranty Deed
—
—
—
Deville Devs LLC
—
Deed Of Trust
related
$3,680,000 · Firstmerit Bk
—
—
Deville Devs LLC
—
Deed Of Trust
related
$3,680,000 · Firstmerit Bank NA
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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