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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Investment properties
4380 Oberlin Ave 102 Lorain, OH 44053-2990
Entity Owned
3-yr Hold
Property ID
US66-1764235
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1967
Total area
5,301 SF
Lot
0.43 ac (18,731 SF)
APN
02-02-006-108-041
UPID
US66-1764235
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
-
Kayle Appraisal Services Real Estate Agency
-
Above All Tax Service Tax Preparation
-
Sondra's Nail Care Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$331k
Blend (final)
Blend
$505k
Owner & transaction history
4380 Obelin Avenue LLC · 3 yrs held
4380 Obelin Avenue LLC
since 2022
Last sale
$533,500
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$495,000
+72.8%
Restaurant
$475,000
+65.6%
Office building
$455,000
+60.0%
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 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
$420,000
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$495,000
Change: +73% · Conversion: Easy
RESTAURANT
$475,000
Change: +66% · Conversion: Difficult
OFFICE BUILDING
$455,000
Change: +60% · Conversion: Easy
AUTO REPAIR, GARAGE
$435,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$410,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$330,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $534k (Oct 19 2022)
Last sale anchor
$534k
Oct 19 2022
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
$95 / 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
$8,937
Tax year 2023
Assessed value
$113,740
Assessed 2023
Previous assessed
$113,740
+0.0% YoY
Effective rate
7.86%
On assessed value
Assessed land
$26,222
Assessed improvement
$87,518
Land market value
$74,920
Improvement market value
$250,050
Total market value
$324,970
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1967
Heating
NONE
Stories
2
Units
1
Total area
5,301 SF
Lot
0.43 ac (18,731 SF)
APN
02-02-006-108-041
UPID
US66-1764235
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
MEDICAL BUILDING
Est. value
$495,000
RESTAURANT
Est. value
$475,000
OFFICE BUILDING
Est. value
$455,000
AUTO REPAIR, GARAGE
Est. value
$435,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$410,000
RETAIL STORES
Est. value
$330,000
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
Year built
1967
Heating
NONE
Stories
2
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
4380 Obelin Avenue LLC
Entity
Mailing address
48150 RICE RD, AMHERST, OH 44001-9699
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2022
$533,500
4380 Obelin Avenue LLC
Robert F Kayle
Warranty Deed
—
—
—
Kayle,tr
—
Deed Of Trust
related
$245,000 · 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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