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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Individual retail properties
4580 Liberty Ave Vermilion, OH 44089-3285
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1142991
Property summary
AI-generated overview
This exceptional 11,724-square-foot freestanding retail building, formerly a Rite Aid, presents a unique investment opportunity in Vermilion, OH. Situated on a 1.64-acre lot at a signalized intersection on Liberty Avenue, this property boasts high visibility and significant traffic volume (14,612 vehicles per day). The building offers excellent frontage along both Salem Drive (290 feet) and Liberty Avenue (236 feet), ensuring maximum exposure to potential customers. The property includes a convenient double-lane drive-thru, ideal for businesses requiring quick customer service, and ample parking with over 75 spaces. The location benefits from strong demographics, with average household incomes exceeding $101,334 within a 5-mile radius. Nearby established businesses include Giant Eagle, Dollar General, Dollar Tree, Goodwill, McDonald's, Wendy's, Huntington Bank, Verizon Wireless, Discount Drug Mart, Pizza Hut, and Liberty Ford Vermilion, creating a vibrant and thriving commercial environment. The entire 11,724 square feet is currently vacant and available for sale or lease. This property is perfect for a variety of retail uses. The address is 4580 Liberty Ave, Vermilion, OH 44089.
Property profile
Verified
Property type
Individual retail properties
Use group
APPLIANCE STORE
Year built
1997
Total area
11,724 SF
Lot
1.2 ac (52,272 SF)
APN
01-20-027-101-007
UPID
US66-1142991
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
-
Rite Aid Pharmacy
-
Rite Aid Pharmacy Pharmacy
-
Frank S. Bodnar, RPh Pharmacy
-
Coinhub Bitcoin ATM Teller Atm
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
$1.82M
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.47M
Owner & transaction history
4580 Vermillion Oh LLC · 4 yrs held
4580 Vermillion Oh LLC
since 2022
Last sale
$1.9M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+72.8%
Apartment house (5+ units)
$1.6M
+53.6%
Commercial (general)
$1.2M
+13.7%
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 Vermilion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vermilion 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
$1,455,000
ML approach
$1,495,000
CAP Approach
CAP Return
Estimation
6%
$1,965,000
6.5%
$1,815,000
7%
$1,685,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,065,000
Current use
RESTAURANT
$1,840,000
Change: +73% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,635,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,210,000
Change: +14% · Conversion: Easy
MEDICAL BUILDING
$1,090,000
Change: +3% · Conversion: Difficult
AUTO REPAIR, GARAGE
$965,000
Change: -9% · Conversion: Difficult
WAREHOUSE, STORAGE
$955,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±10% · vs last sale $1.85M (Jul 19 2022)
Last sale anchor
$1.85M
Jul 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
$125 / 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
$42,412
Tax year 2023
Assessed value
$515,449
Assessed 2023
Previous assessed
$515,450
0.0% YoY
Effective rate
8.23%
On assessed value
Assessed land
$82,215
Assessed improvement
$433,234
Land market value
$234,900
Improvement market value
$1,237,810
Total market value
$1,472,710
Applied tax rate
16.0000
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
Year built
1997
Heating
NONE
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
11,724 SF
Lot
1.2 ac (52,272 SF)
APN
01-20-027-101-007
UPID
US66-1142991
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
$1.1M
RESTAURANT
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$965,000
WAREHOUSE, STORAGE
Est. value
$955,000
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
Year built
1997
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
4580 Vermillion Oh LLC
Entity
Mailing address
549 EMPIRE BLVD, BROOKLYN, NY 11225-3121
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 6, 2022
—
4580 Vermillion Oh LLC
—
Deed
related
$1,366,249 · Credit Union 1
Jul 19, 2022
$1,854,200
4580 Vermillion Oh LLC
Raymond J Vellinga
Limited Warranty Deed
$1,366,249 · Credit Union 1
Mar 25, 2022
—
Raymond J Vellinga
Verhio LLC
Limited Warranty Deed
—
Aug 29, 2019
—
Sher,charles J & Donna S F Trust
Sher,charles J
Quit Claim Deed
related
—
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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