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Property profile & analytics
OFF-MARKET
Estimated value
$1,725,000
Strip malls
4326 Leavitt Rd Ste A Lorain, OH 44053-2388
Entity Owned
Free & Clear
Property ID
US66-3812393
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Total area
20,000 SF
Lot
1.83 ac (79,715 SF)
APN
02-02-008-107-064
UPID
US66-3812393
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
-
SKECHERS Warehouse Outlet Clothing Store Shoe Store
-
Guerra Construction Equipment Rentals (Bike/Boat/Book/etc) Store Rental Equipment Company
-
i.d. SPOT (Bike/Boat/Book/etc) Store Pet Store & Service
-
California Nails Nail Salon
-
The Original Mattress Factory Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.07M
Blend (final)
Blend
$1.73M
Owner & transaction history
Oh Lorain Lightouse Wmk LLC
Oh Lorain Lightouse Wmk LLC
since 2026
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+20.8%
Restaurant
$1.8M
+15.8%
Office building
$1.7M
+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
$1,540,000
Current use
MEDICAL BUILDING
$1,865,000
Change: +21% · Conversion: Difficult
RESTAURANT
$1,785,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$1,725,000
Change: +12% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,645,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$1,235,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±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
$86 / 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
$62,858
Tax year 2023
Assessed value
$800,016
Assessed 2023
Previous assessed
$800,020
0.0% YoY
Effective rate
7.86%
On assessed value
Assessed land
$111,601
Assessed improvement
$688,415
Land market value
$318,860
Improvement market value
$1,966,900
Total market value
$2,285,760
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
20,000 SF
Lot
1.83 ac (79,715 SF)
APN
02-02-008-107-064
UPID
US66-3812393
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
$1.5M
MEDICAL BUILDING
Est. value
$1.9M
RESTAURANT
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1.83 ac
Current owner
From public records · entity-resolved
Oh Lorain Lightouse Wmk LLC
Entity
Free & Clear · 0 yrs held
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
5 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
—
Oct 11, 2012
—
Lighthouse Vlg Partners LLC
Lighthouse Vlg Partners LLC
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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