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Property profile & analytics
OFF-MARKET
Estimated value
$3,290,000
Car washes
461 Richmond St, Painesville, OH 44077-3036
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-6178410
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1989
Total area
3,300 SF
Lot
0.53 ac (23,087 SF)
Zoning code
M-2
APN
15-D-018-0-00-015-0
UPID
US66-6178410
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
$3.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.29M
Owner & transaction history
Sheetz INC · 2 yrs held
Sheetz INC
since 2024
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
M-2 · Painesville, 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 Painesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Painesville 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
$3,290,000
ML approach
$3,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.29M
Range $2.96M – $3.62M · ±10% · vs last sale $3.29M (Mar 5 2024)
Last sale anchor
$3.29M
Mar 5 2024
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
$997 / 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
$6,187
Tax year 2023
Assessed value
$61,570
Assessed 2023
Previous assessed
$61,570
+0.0% YoY
Effective rate
10.05%
On assessed value
Assessed land
$20,200
Assessed improvement
$41,370
Land market value
$57,720
Improvement market value
$118,210
Total market value
$175,930
Applied tax rate
15.0000
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1989
Heating
NONE
Stories
1
Total area
3,300 SF
Lot
0.53 ac (23,087 SF)
Zoning code
M-2
APN
15-D-018-0-00-015-0
UPID
US66-6178410
Jurisdiction
LAKE
Zoning & alternative use
M-2 · Painesville, OH
Zoning M-2 · permitted uses
M-2 · Painesville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Painesville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Sheetz INC
Entity
Mailing address
5700 6TH AVE, ALTOONA, PA 16602-1111
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2024
$3,287,900
Sheetz INC
Painesville State LLC
Limited Warranty Deed
—
May 31, 2023
—
Sheetz INC
Painesville Stage LLC
Lease
—
Jan 30, 2023
$825,000
Painesville Stage LLC
Decastar LLC
Warranty Deed
$2,050,000 · Peoples Bank
Feb 14, 2005
$575,000
Decastar LLC
Krk Auto Wash Ltd
Grant Deed
$488,000 · Community South Bank
Dec 7, 1998
$400,000
Krk Auto Wash Ltd
Hathy,martin
Grant Deed
—
—
—
Decastar LLC
—
Loan Modification
related
$341,170 · Lake National Bank
—
—
Decastar LLC
—
Deed Of Trust
related
$452,850 · Lake 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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