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Property profile & analytics
OFF-MARKET
Estimated value
$11,570,000
Individual retail properties
46440 Us Hwy 20 Oberlin, OH 44074-9475
Trust Owned
20-yr Hold
Free & Clear
Property ID
US66-1699412
Property profile
Verified
Property type
Individual retail properties
Use group
APPLIANCE STORE
Year built
2006
Total area
159,877 SF
Lot
23.01 ac (1,002,316 SF)
APN
14-00-015-000-018
UPID
US66-1699412
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
$10.29M
Blend (final)
Blend
$11.57M
Owner & transaction history
Wal-mart R/e Business Trust · 20 yrs held
Wal-mart R/e Business Trust
since 2005
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$14.9M
+46.3%
Warehouse, storage
$14.2M
+39.9%
Auto repair, garage
$13.2M
+29.3%
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 Oberlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oberlin 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
RETAIL STORES
$10,180,000
Current use
MEDICAL BUILDING
$14,890,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$14,240,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,160,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$13,055,000
Change: +28% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$12,330,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$11.57M
Range $10.41M – $12.73M · ±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
$72 / 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
$211,243
Tax year 2023
Assessed value
$3,101,396
Assessed 2023
Previous assessed
$3,101,400
0.0% YoY
Effective rate
6.81%
On assessed value
Assessed land
$333,270
Assessed improvement
$2,768,126
Land market value
$952,200
Improvement market value
$7,908,930
Total market value
$8,861,130
Applied tax rate
60.0000
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
2006
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
159,877 SF
Lot
23.01 ac (1,002,316 SF)
APN
14-00-015-000-018
UPID
US66-1699412
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
$10.2M
MEDICAL BUILDING
Est. value
$14.9M
WAREHOUSE, STORAGE
Est. value
$14.2M
AUTO REPAIR, GARAGE
Est. value
$13.2M
OFFICE BUILDING
Est. value
$13.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.3M
RETAIL STORES Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2006
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
23.01 ac
Current owner
From public records · entity-resolved
Wal-mart R/e Business Trust
Trust
Free & Clear · 20 yrs held
Mailing address
1635 CTR RD, AVON LAKE, OH 44012
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2005
$747,600
Wal-mart R/e Business Trust
Oberlin Land
Warranty Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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