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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Strip malls
462 Abbe N Rd Elyria, OH 44035-3707
Individually Owned
11-yr Hold
Free & Clear
Property ID
US66-2352100
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1965
Total area
11,605 SF
Lot
1.79 ac (77,972 SF)
APN
06-25-032-116-061
UPID
US66-2352100
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
$1.35M
Blend (final)
Blend
$1.10M
Owner & transaction history
Gail A|kalapos Gary L Cataldo · 11 yrs held
Gail A|kalapos Gary L Cataldo
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+41.8%
Medical building
$1.1M
+20.8%
Auto repair, garage
$955,000
+6.7%
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 Elyria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elyria 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$895,000
Current use
RESTAURANT
$1,270,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$1,080,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$955,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$940,000
Change: +5% · Conversion: Moderate
WAREHOUSE, STORAGE
$845,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±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
$95 / 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
$30,622
Tax year 2023
Assessed value
$421,201
Assessed 2023
Previous assessed
$421,200
+0.0% YoY
Effective rate
7.27%
On assessed value
Assessed land
$109,190
Assessed improvement
$312,011
Land market value
$311,970
Improvement market value
$891,460
Total market value
$1,203,430
Applied tax rate
33.0000
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
1965
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
11,605 SF
Lot
1.79 ac (77,972 SF)
APN
06-25-032-116-061
UPID
US66-2352100
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
$895,000
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$955,000
OFFICE BUILDING
Est. value
$940,000
WAREHOUSE, STORAGE
Est. value
$845,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1965
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Gail A|kalapos Gary L Cataldo
Individual
Free & Clear · 11 yrs held
Mailing address
6610 CHATSWORTH ST NW, CANTON, OH 44718-3849
Ownership since
2014
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
Apr 27, 2018
—
Ddm-elyria LLC
—
Deed
related
$750,000 · Farmers Nat'l Bk/canfield
Dec 3, 2014
—
Gail A|kalapos Gary L Cataldo
Kalapos Lois A 1997 Trust
Quit Claim Deed
related
—
Dec 3, 2014
$783,400
Ddm-elyria LLC
Kalapos,gary L & Karen
Grant Deed
—
Dec 3, 2014
$783,350
Ddm-elyria LLC
Cataldo Gail A Trust
Grant Deed
—
Sep 30, 2010
$185,000
Lire Investments INC
Kalapos,gary & Karen
Grant Deed
$138,750 · Lorain National Bank
Oct 4, 2007
—
Gary L Kalapos
Kalapos,gary L
Quit Claim Deed
related
—
—
—
Ddm-elyria LLC
—
Deed Of Trust
related
$3,084,100 · Farmers Nat'l Bk/canfield
—
—
Ddm-elyria LLC
—
Deed Of Trust
related
$750,000 · Farmers Nat'l Bk/canfield
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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