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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Warehouses
44939 State Rte 18 Wellington, OH 44090
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-2333722
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Total area
5,280 SF
Lot
4.59 ac (199,940 SF)
APN
18-00-015-000-051
UPID
US66-2333722
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
$775k
Comparable Approach
Comparable
$693k
Blend (final)
Blend
$815k
Owner & transaction history
Visual Of Medina LLC · 8 yrs held
Visual Of Medina LLC
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$830,000
+92.4%
Apartment house (5+ units)
$735,000
+71.0%
Office building
$510,000
+18.4%
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 Wellington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wellington 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%
$840,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
RESTAURANT
$830,000
Change: +92% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$735,000
Change: +71% · Conversion: Difficult
OFFICE BUILDING
$510,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$490,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$154 / 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
$10,166
Tax year 2023
Assessed value
$178,518
Assessed 2023
Previous assessed
$178,520
0.0% YoY
Effective rate
5.69%
On assessed value
Assessed land
$35,851
Assessed improvement
$142,667
Land market value
$102,430
Improvement market value
$407,620
Total market value
$510,050
Applied tax rate
66.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
5,280 SF
Lot
4.59 ac (199,940 SF)
APN
18-00-015-000-051
UPID
US66-2333722
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
RESTAURANT
Est. value
$830,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$735,000
OFFICE BUILDING
Est. value
$510,000
MEDICAL BUILDING
Est. value
$490,000
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1999
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
4.59 ac
Current owner
From public records · entity-resolved
Visual Of Medina LLC
Entity
Mailing address
7547 HIDDEN ACRES DR, MEDINA, OH 44256-8813
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2021
—
Visual Of Medina LLC
—
Deed
related
$355,750 · The Farmers National Bank Of Canfield
Dec 28, 2018
—
Visual Of Medina LLC
—
Deed
related
$91,000 · The Farmers National Bank Of Canfield
Sep 27, 2017
$559,000
Visual Of Medina LLC
Prime Place Properties LLC
Deed
—
May 1, 2012
$13,750
Prime Place Properties LLC
Sparkle Stor-all Wellington
Grant Deed
$1,237,600 · Apple Creek Banking Co
May 19, 2004
—
Sparkle-stor-all Wellington
Messner,rex M
Quit Claim Deed
related
—
—
—
Best Little Warehouse LLC
—
Deed Of Trust
related
$3,930,000 · Lorain National 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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