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Property profile & analytics
FOR SALE
Apartment buildings
540 W College St Oberlin, OH 44074
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0035318
For Sale
1 / 47
$950,000
540 W College St, Oberlin, OH 44074
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Total area
4,302 SF
Lot
0.37 ac (16,117 SF)
APN
09-00-084-101-075
UPID
US66-0035318
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
$460k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$339k
Blend (final)
Blend
$535k
Owner & transaction history
Tomte Property Holdings LLC · 4 yrs held
Tomte Property Holdings LLC
since 2022
Last sale
$592,500
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$465,000
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
$615,000
6.5%
$565,000
7%
$525,000
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $593k (Mar 10 2022)
Last sale anchor
$593k
Mar 10 2022
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
$124 / 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
$8,400
Tax year 2023
Assessed value
$130,264
Assessed 2023
Previous assessed
$130,270
0.0% YoY
Effective rate
6.45%
On assessed value
Assessed land
$15,796
Assessed improvement
$114,468
Land market value
$45,130
Improvement market value
$327,050
Total market value
$372,180
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1966
Heating
NONE
Stories
2
Units
1
Total area
4,302 SF
Lot
0.37 ac (16,117 SF)
APN
09-00-084-101-075
UPID
US66-0035318
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
Building & site characteristics
From public records
Year built
1966
Heating
NONE
Stories
2
Units
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Tomte Property Holdings LLC
Entity
Mailing address
14941 DELAWARE AVE, LAKEWOOD, OH 44107-5520
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
$592,500
Tomte Property Holdings LLC
Greene Solutions Real Estate Svcs L
Warranty Deed
$442,500 · Silver Hill Financial LLC
May 11, 2021
$495,000
Greene Solutions Real Estate Svcs L
Breslevr LLC
Warranty Deed
—
Sep 9, 2019
$380,000
Breslevr LLC
Blackhawk Properties 2 LLC
Warranty Deed
—
Sep 5, 2019
—
Breslevr LLC
—
Trustees Deed
related
$285,000 · Stefansky Mt Hldgs LLC
Jul 31, 2018
$252,500
Blackhawk Properties 2 LLC
Slamco Properties INC
Warranty Deed
$223,125 · Buckeye Community Bank
Aug 31, 2007
$370,000
Slamco Properties INC
Mohammad M Sohrabi
Warranty Deed
$296,000 · First Fsla Of Lorain
Aug 31, 2007
$350,000
Mohammad M Sohrabi
S & F Properties
Warranty Deed
—
—
—
S & F Ohio Properties LLC
—
Deed Of Trust
related
$2,484,215 · Federated Capital Corp
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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