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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Strip malls
453 Avon Belden Rd A Avon Lake, OH 44012-2260
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US66-5853843
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1968
Total area
5,100 SF
Lot
0.4 ac (17,424 SF)
APN
04-00-018-176-107
UPID
US66-5853843
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
-
Foreign Esthetics Spa & Massage Center Alternative Medicine Practice
-
Marty's Cycle Center (Bike/Boat/Book/etc) Store
-
Bronze Beauties Beauty Bar Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$315k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$582k
Blend (final)
Blend
$510k
Owner & transaction history
453 Avon Belden Road LLC · 18 yrs held
453 Avon Belden Road LLC
since 2008
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$800,000
+103.6%
Apartment house (5+ units)
$710,000
+80.9%
Warehouse, storage
$585,000
+48.8%
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 Avon Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avon Lake 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
$315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$395,000
Current use
RESTAURANT
$800,000
Change: +104% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$710,000
Change: +81% · Conversion: Difficult
WAREHOUSE, STORAGE
$585,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$495,000
Change: +25% · Conversion: Moderate
MEDICAL BUILDING
$475,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$420,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$420,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$100 / 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
$16,700
Tax year 2023
Assessed value
$224,910
Assessed 2023
Previous assessed
$224,910
+0.0% YoY
Effective rate
7.43%
On assessed value
Assessed land
$63,000
Assessed improvement
$161,910
Land market value
$180,000
Improvement market value
$462,600
Total market value
$642,600
Applied tax rate
11.0000
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
Year built
1968
Heating
NONE
Stories
1
Units
1
Total area
5,100 SF
Lot
0.4 ac (17,424 SF)
APN
04-00-018-176-107
UPID
US66-5853843
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
$395,000
RESTAURANT
Est. value
$800,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$710,000
WAREHOUSE, STORAGE
Est. value
$585,000
OFFICE BUILDING
Est. value
$495,000
MEDICAL BUILDING
Est. value
$475,000
AUTO REPAIR, GARAGE
Est. value
$420,000
COMMERCIAL (GENERAL)
Est. value
$420,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1968
Heating
NONE
Stories
1
Units
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
453 Avon Belden Road LLC
Entity
Mailing address
453 AVON BELDEN RD, AVON LAKE, OH 44012-2260
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2008
$800,000
453 Avon Belden Road LLC
Margam Investment Ltd
Warranty Deed
$671,500 · Fifth Third Bank
Aug 30, 2002
—
Margam Investment Ltd
Napoligam Investments Ltd
Grant Deed
related
—
—
—
453 Avon Belden Road LLC
—
Deed Of Trust
related
$585,000 · Huntington 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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