Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$15,215,000
Individual retail properties
4380 Leavitt Rd Lorain, OH 44053-2370
Trust Owned
17-yr Hold
Free & Clear
Property ID
US66-2652810
Property summary
AI-generated overview
This exceptional 0.7-acre commercial land parcel presents a unique investment opportunity in Lorain, Ohio. Situated within Lighthouse Village, a thriving 500,000 square-foot power center, this outparcel enjoys unparalleled visibility and accessibility. The property boasts significant frontage (approximately 110 feet and approximately 40 feet) along major access roads, ensuring maximum exposure to the substantial daily traffic volume of 22,680 vehicles on N Leavitt Road. The strategic location directly in front of a Walmart Supercenter guarantees high foot traffic and convenient access for potential businesses. Further enhancing its appeal, N Leavitt Road features a signalized entrance at the property's access point. The site's proximity to State Route 2 (one mile north) provides easy access to regional transportation networks. This prime location within a well-established retail center offers significant potential for a variety of commercial uses, capitalizing on the established customer base and high traffic counts. The property's size and location make it ideal for a variety of commercial developments.
Property profile
Verified
Property type
Individual retail properties
Use group
APPLIANCE STORE
Total area
191,168 SF
Lot
20.7 ac (901,692 SF)
APN
02-02-008-107-047
UPID
US66-2652810
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
-
Walmart Photo Center (Bike/Boat/Book/etc) Store Printing Service
-
Subway Take-out & Catering
-
Walmart Garden Center Garden Center
-
Walmart Business Center (Bike/Boat/Book/etc) Store
-
Walmart Deli Food Market Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.04M
Blend (final)
Blend
$15.22M
Owner & transaction history
Wal-mart R/e Business Trust · 17 yrs held
Wal-mart R/e Business Trust
since 2009
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$17.8M
+50.7%
Restaurant
$17.1M
+44.5%
Office building
$16.5M
+39.6%
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
RETAIL STORES
$11,810,000
Current use
MEDICAL BUILDING
$17,805,000
Change: +51% · Conversion: Difficult
RESTAURANT
$17,065,000
Change: +44% · Conversion: Easy
OFFICE BUILDING
$16,490,000
Change: +40% · Conversion: Easy
AUTO REPAIR, GARAGE
$15,735,000
Change: +33% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,745,000
Change: +25% · Conversion: Moderate
WAREHOUSE, STORAGE
$11,330,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$15.22M
Range $13.69M – $16.74M · ±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
$80 / 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
$412,498
Tax year 2023
Assessed value
$5,250,000
Assessed 2023
Previous assessed
$5,652,500
-7.1% YoY
Effective rate
7.86%
On assessed value
Assessed land
$946,778
Assessed improvement
$4,303,222
Land market value
$2,705,080
Improvement market value
$12,294,920
Total market value
$15,000,000
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
Individual retail properties
Use group
APPLIANCE STORE
Status
Off-Market
Heating
NONE
Stories
1
Units
1
Total area
191,168 SF
Lot
20.7 ac (901,692 SF)
APN
02-02-008-107-047
UPID
US66-2652810
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
RETAIL STORES Current
Est. value
$11.8M
MEDICAL BUILDING
Est. value
$17.8M
RESTAURANT
Est. value
$17.1M
OFFICE BUILDING
Est. value
$16.5M
AUTO REPAIR, GARAGE
Est. value
$15.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.7M
WAREHOUSE, STORAGE
Est. value
$11.3M
RETAIL STORES Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
20.7 ac
Current owner
From public records · entity-resolved
Wal-mart R/e Business Trust
Trust
Free & Clear · 17 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2009
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
Feb 9, 2009
$5,784,900
Wal-mart R/e Business Trust
Lighthouse Village Ptrs LLC
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4380 Leavitt Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
