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Property profile & analytics
OFF-MARKET
Office buildings
440 High St Fairport Harbor, OH 44077-5862
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-0710832
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1922
Total area
8,279 SF
Lot
0.16 ac (6,882 SF)
Zoning code
R1
APN
14-A-008-0-00-003-0
UPID
US66-0710832
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kres Property Management LLC · 10 yrs held
Kres Property Management LLC
since 2016
7 recorded transactions
Zoning & alternative use
R1 · Fairport Harbor, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Fairport Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairport Harbor 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,497
Tax year 2023
Assessed value
$34,760
Assessed 2023
Previous assessed
$34,760
+0.0% YoY
Effective rate
10.06%
On assessed value
Assessed land
$4,430
Assessed improvement
$30,330
Land market value
$12,660
Improvement market value
$86,670
Total market value
$99,330
Applied tax rate
14.0000
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
Off-Market
Year built
1922
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
8,279 SF
Lot
0.16 ac (6,882 SF)
Zoning code
R1
APN
14-A-008-0-00-003-0
UPID
US66-0710832
Jurisdiction
LAKE
Zoning & alternative use
R1 · Fairport Harbor, OH
Zoning R1 · permitted uses
R1 · Fairport Harbor, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairport Harbor. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1922
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Kres Property Management LLC
Entity
Mailing address
440 HIGH ST, FAIRPORT HARBOR, OH 44077-5862
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2016
$100,000
Kres Property Management LLC
International Gold Standard Ll
Warranty Deed
$210,000 · Kimberly A Koury
Jun 19, 2014
$112,800
International Gold Standard Ll
Wilson Land Properties LLC
Warranty Deed
$120,000 · Alliance Prime Associates INC
Jan 29, 2014
—
Wilson Land Properties LLC
Nathan Properties LLC
Quit Claim Deed
related
—
Feb 6, 2012
—
Nathan Properties LLC
Heisley-hopkins INC
Quit Claim Deed
related
—
Sep 30, 2011
—
Heisley-hopkins INC
—
Grant Deed
related
$1,060,000 · Huron Lime INC
Apr 15, 2010
$46,887
Heisley Hopkins INC
Sheriff Of Lake County
Trustees Deed
related
—
Jun 29, 2001
$55,000
Patrick M Myers
Workman Trust
Grant Deed
$175,000 · Fifth Third Bank
—
—
Wilson Land Properties LLC
—
Deed Of Trust
related
$12,960,000 · Charter One
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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