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Property profile & analytics
OFF-MARKET
Estimated value
$6,805,000
Warehouses
528 Lorain St Oberlin, OH 44074-1238
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-1118976
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1978
Total area
96,398 SF
Lot
8.16 ac (355,450 SF)
APN
09-00-077-102-013
UPID
US66-1118976
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
$7.01M
Blend (final)
Blend
$6.81M
Owner & transaction history
Partnership LLC · 6 yrs held
Partnership LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.0M
+4.6%
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
WAREHOUSE, STORAGE
$8,585,000
Current use
MEDICAL BUILDING
$8,980,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,935,000
Change: -8% · Conversion: Easy
OFFICE BUILDING
$7,870,000
Change: -8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,435,000
Change: -13% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,070,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$6.81M
Range $6.12M – $7.49M · ±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
$71 / 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
$74,445
Tax year 2023
Assessed value
$1,082,082
Assessed 2023
Previous assessed
$1,082,080
+0.0% YoY
Effective rate
6.88%
On assessed value
Assessed land
$130,022
Assessed improvement
$952,060
Land market value
$371,490
Improvement market value
$2,720,170
Total market value
$3,091,660
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
96,398 SF
Lot
8.16 ac (355,450 SF)
APN
09-00-077-102-013
UPID
US66-1118976
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
WAREHOUSE, STORAGE Current
Est. value
$8.6M
MEDICAL BUILDING
Est. value
$9.0M
AUTO REPAIR, GARAGE
Est. value
$7.9M
OFFICE BUILDING
Est. value
$7.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.4M
COMMERCIAL (GENERAL)
Est. value
$7.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1978
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
8.16 ac
Current owner
From public records · entity-resolved
Partnership LLC
Entity
Mailing address
528 E LORAIN ST, OBERLIN, OH 44074-1238
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Sep 9, 2025
—
National Assn Of College Stores INC
—
Deed
related
$750,000 · Eriebank
Feb 20, 2020
—
Partnership LLC
Indico LLC
Grant Deed
related
—
May 24, 2017
—
National Association Of Clg St
—
Grant Deed
related
$15,000,000 · Jp Morgan Chase Bk
Feb 22, 2007
—
Nacscorp LLC
—
Deed Of Trust
related
$17,650,000 · Charter One Bank
Jun 17, 2004
—
Nacscorp LLC
—
Deed Of Trust
related
$18,102,438 · Wells Fargo Bus Credit
—
—
Nacscorp LLC
—
Deed Of Trust
related
$17,800,000 · Jp Morgan Chase Bank NA
—
—
National Assn Of College Stores I
—
Deed Of Trust
related
$700,000 · Charter One 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.
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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