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Financial
Distress signals
Property profile

479 Main St Grafton, OH 44044

FOR SALE
Retail space
Property ID
US66-5383480
14,804 SF 1.97 ac lot
Last sale Oct 2022 · $3,150,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This updated retail storefront is located in downtown Grafton on a primary corner of the town, providing street-level visibility. The property is situated within a building with an updated exterior style and is configured as a retail space suitable for downtown uses. The layout is potentially divisible, allowing the space to be split to accommodate different tenant needs and flexible retail configurations. The listing indicates a need for inquiry to determine the specific proposed layout and dimensions for any divided configuration.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$51k
Tax billed · 2023
Assessed value$938k
Assessed land$181k
Assessed improvement$758k
Effective rate5.48%

Value estimate

· Oct 2026
$2.06M
$1.85M – $2.26M
CAP approach$2.29M
Submarket $/SF estimate$1.84M
NOI build-up
Gross scheduled income$222k
Vacancy & credit loss−$9k
Operating expenses−$64k
NOI · 11.45% cap applied$149k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
County average, outlier-cleaned · 119 recorded sales of this use type
Observed band · Q1–Q3$39 – $124
Qualifying comparables7

Cap rate analysis

How does the asset earn?
11.45%
$149k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLORAIN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.5
Dental Office13.3
Auto Repair Shop12.8

Location

479 Main St Grafton, OH 44044
County assessor Recorded deeds · 2 transfers 7 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
460 Main, Grafton, OH 44044-1245 $930,600 Jun 2023 27,690 SF
35755 Royalton, Grafton, OH 44044-9586 $1,635,000 Dec 2021 9,100 SF
34990 Royalton, Grafton, OH 44044-9582 $125,000 Apr 2021 1,324 SF
11909 Grafton, Grafton, OH 44044-9347 $368,000 Nov 2020 4,608 SF
573 Main, Grafton, OH 44044-1317 $215,000 Aug 2020 9,100 SF
569 Main, Grafton, OH 44044-1317 $570,000 Apr 2019 4,706 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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