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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Manufacturing properties
53 Freedom Rd Painesville, OH 44077-1232
Entity Owned
21-yr Hold
Free & Clear
Property ID
US66-0077095
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1955
Total area
12,648 SF
Lot
10.94 ac (476,372 SF)
Zoning code
I-2
APN
11-B-061-D-00-001-0
UPID
US66-0077095
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
$750k
Comparable Approach
Comparable
$807k
Blend (final)
Blend
$790k
Owner & transaction history
Dyson Corp · 21 yrs held
Dyson Corp
since 2005
7 recorded transactions
Zoning & alternative use
I-2 · Painesville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Painesville, OH
Top alternative use upside
Office building
$1.1M
+103.2%
Auto repair, garage
$1.1M
+92.1%
Medical building
$890,000
+61.2%
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 Painesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Painesville 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%
$810,000
6.5%
$750,000
7%
$695,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$550,000
Current use
OFFICE BUILDING
$1,120,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,060,000
Change: +92% · Conversion: Easy
MEDICAL BUILDING
$890,000
Change: +61% · Conversion: Difficult
COMMERCIAL (GENERAL)
$765,000
Change: +39% · Conversion: Difficult
WAREHOUSE, STORAGE
$715,000
Change: +30% · Conversion: Easy
RETAIL STORES
$490,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$62 / 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
$64,396
Tax year 2023
Assessed value
$764,070
Assessed 2023
Previous assessed
$764,070
+0.0% YoY
Effective rate
8.43%
On assessed value
Assessed land
$101,220
Assessed improvement
$662,850
Land market value
$289,190
Improvement market value
$1,893,860
Total market value
$2,183,050
Applied tax rate
11.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1955
Heating
HOT WATER
Buildings
11
Stories
1
Total area
12,648 SF
Lot
10.94 ac (476,372 SF)
Zoning code
I-2
APN
11-B-061-D-00-001-0
UPID
US66-0077095
Jurisdiction
LAKE
Zoning & alternative use
I-2 · Painesville, OHZoning I-2 · permitted uses
I-2 · Painesville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Painesville, OH
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$550,000
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$890,000
COMMERCIAL (GENERAL)
Est. value
$765,000
WAREHOUSE, STORAGE
Est. value
$715,000
RETAIL STORES
Est. value
$490,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
1955
Heating
HOT WATER
Stories
1
Buildings
11
Lot
10.94 ac
Current owner
From public records · entity-resolved
Dyson Corp
Entity
Free & Clear · 21 yrs held
Mailing address
53 FREEDOM RD, PAINESVILLE, OH 44077-1232
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
—
The Dyson Corporation
—
Deed
related
—
Feb 21, 2020
—
Dyson Corporaton
—
Deed
related
$500,000 · Tulcan Management LLC
Dec 31, 2007
—
Dyson Corp
—
Deed Of Trust
related
$17,600,000 · Texas Capital Bank NA
Mar 16, 2005
—
Dyson Corp
Dyson Corp
Quit Claim Deed
related
—
Mar 16, 2005
$20,000
Dyson Corp
Ecumenical Shelter Ntwk Of Lake C
Warranty Deed
—
Aug 19, 2004
—
Mqsw Acquisition Co
—
Deed Of Trust
related
$8,381,729 · Firstmerit Bank NA
Jun 11, 2001
—
Msqw Acquistion Co
—
Deed Of Trust
related
$4,500,000 · Firstmerit Bank NA
Oct 28, 1998
—
Mqsw Acquisition Co
—
Deed Of Trust
related
$1,220,000 · Firstmerit Bank NA
—
—
Dyson Corporaton
—
Deed Of Trust
related
$500,000 · Tulcan Management LLC
—
—
Mqsw Acquistion Co
—
Deed Of Trust
related
$800,000 · Firstmerit Bank NA
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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