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Property profile & analytics
OFF-MARKET
Estimated value
$1,415,000
Industrial properties
5311 Riv Rd Lorain, OH 44055-3735
Entity Owned
12-yr Hold
Free & Clear
Property ID
US66-1507929
Property profile
Verified
Property type
Industrial properties
Use group
HEAVY INDUSTRIAL
Year built
1920
Total area
24,800 SF
Lot
5.77 ac (251,341 SF)
APN
03-00-076-114-027
UPID
US66-1507929
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
Current use
Occupant on record · Public records
-
AVIVA Metals Factory Production Facility
-
National Bronze & Metals Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.42M
Owner & transaction history
National Bronze And Metals INC · 12 yrs held
National Bronze And Metals INC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.3M
+61.7%
Restaurant
$2.2M
+55.1%
Office building
$2.1M
+49.8%
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 Lorain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lorain 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%
$1,560,000
6.5%
$1,440,000
7%
$1,340,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,430,000
Current use
MEDICAL BUILDING
$2,310,000
Change: +62% · Conversion: Difficult
RESTAURANT
$2,215,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$2,140,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,040,000
Change: +43% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,915,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$1,530,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$1.42M
Range $1.27M – $1.56M · ±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
$57 / 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
$130,675
Tax year 2023
Assessed value
$1,984,525
Assessed 2023
Previous assessed
$1,984,520
+0.0% YoY
Effective rate
6.58%
On assessed value
Assessed land
$63,483
Assessed improvement
$1,921,042
Land market value
$181,380
Improvement market value
$5,488,690
Total market value
$5,670,070
Applied tax rate
61.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
HEAVY INDUSTRIAL
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
8
Stories
2
Units
1
Total area
24,800 SF
Lot
5.77 ac (251,341 SF)
APN
03-00-076-114-027
UPID
US66-1507929
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$2.3M
RESTAURANT
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
RETAIL STORES
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1920
Heating
NONE
Stories
2
Buildings
8
Units
1
Lot
5.77 ac
Current owner
From public records · entity-resolved
National Bronze And Metals INC
Entity
Free & Clear · 12 yrs held
Mailing address
2929 W 12TH ST, HOUSTON, TX 77008-6113
Ownership since
2013
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
Feb 13, 2025
—
Aviva Metals INC
—
Deed
related
$85,000,000 · Texas Capital Bank NA
Oct 9, 2019
—
Aviva Metals INC
—
Grant Deed
related
$55,500,000 · Texas Cap Bk
Jul 18, 2013
$716,725
National Bronze And Metals INC
W P INC
Warranty Deed
—
Sep 15, 2011
—
Wp INC
—
Deed Of Trust
related
$55,500,000 · Wells Fargo Bank
Oct 28, 2009
—
Wp INC
—
Deed Of Trust
related
$8,597,808 · Bank Of America
Apr 14, 2008
—
Wp INC
—
Deed Of Trust
related
$46,250,000 · Bank Of America
Apr 5, 2007
—
Wp INC
Wp INC
Quit Claim Deed
related
—
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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