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Property profile & analytics
OFF-MARKET
Office buildings

47 State St Painesville, OH 44077-3484

6,650 SF 0.47 ac lot Built 1901
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US66-0905822
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1901
Construction WOOD
Total area 6,650 SF
Lot 0.47 ac (20,299 SF)
Zoning code B-3
APN 15-B-001-0-00-006-0
UPID US66-0905822
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
by Request
Blend (final) Blend
by Request
Owner & transaction history
Fairport Rentals LLC · 8 yrs held
Fairport Rentals LLC
since 2017
7 recorded transactions
2025
Price N/A
2017
$255,000
2015
$10,000
2014
Price N/A
2013
$85,650
2010
$136,000
2007
Price N/A
Zoning & alternative use
B-3 · Painesville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B-3 Central Business DD Downtown Development M-1 Light Industrial M-2 Industrial Zoning Overlays: Design Districts, Historic Districts, PUD For more detail regarding zoning regulations for each district, see Chapter 1113 of the Unified Development Code. All requests for permitted uses for a given property can be submitted in writing to the City Planner. What…

Zone name Central Business
General category MIXED_USE
Zone area 43.20 ac
Source Painesville, OH
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