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Property profile & analytics
OFF-MARKET
Retail space
549 Liberty St Painesville, OH 44077-3645
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US66-6274906
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Construction
WOOD
Total area
6,048 SF
Lot
0.18 ac (7,767 SF)
Zoning code
B-4
APN
15-B-011-0-00-001-0
UPID
US66-6274906
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Frank Ball · 20 yrs held
Frank Ball
since 2005
7 recorded transactions
Zoning & alternative use
B-4 · Painesville, OH
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,035
Tax year 2023
Assessed value
$40,770
Assessed 2023
Previous assessed
$40,770
+0.0% YoY
Effective rate
9.90%
On assessed value
Assessed land
$5,440
Assessed improvement
$35,330
Land market value
$15,540
Improvement market value
$100,930
Total market value
$116,470
Applied tax rate
15.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
FORCED AIR
Stories
1
Rooms
8
Bathrooms
2
Total area
6,048 SF
Lot
0.18 ac (7,767 SF)
Zoning code
B-4
APN
15-B-011-0-00-001-0
UPID
US66-6274906
Jurisdiction
LAKE
Zoning & alternative use
B-4 · Painesville, OH
Zoning B-4 · permitted uses
B-4 · Painesville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Painesville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
WOOD
Heating
FORCED AIR
Stories
1
Rooms
8
Bathrooms
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Frank Ball
Individual
Mailing address
10800 KINSMAN RD, NEWBURY, OH 44065-9744
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2021
—
549 Liberty LLC
—
Deed Of Trust
related
$100,000 · Silver Hill Fndg LLC
Oct 6, 2005
$140,000
Frank Ball
Mark E Cutlip
Survivorship Deed
$105,000 · Geauga Savings Bank
Oct 6, 2005
$133,500
Mark E Cutlip
Greiner,james N & Michelle C
Warranty Deed
—
Apr 10, 2002
$213,500
Mark E Cutlip
Greiner,james N & Michelle C
Grant Deed
$213,500 · James N & Michelle C Greiner
Apr 13, 2000
$63,000
Falvey,dennis M
Jones,herbert A & Jean B
Trustees Deed
—
Apr 13, 2000
$123,000
Greiner,michelle C
Falvey,dennis M & Julie K
Trustees Deed
$92,250 · Firstar Bank
—
—
Frank Ball
—
Loan Modification
related
$105,000 · Geauga Svgs Bk
—
—
549 Liberty LLC
—
Deed Of Trust
related
$100,000 · Silver Hill Fndg LLC
—
—
549 Liberty LLC
—
Deed Of Trust
related
$100,000 · Silver Hill Fndg LLC
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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