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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Industrial properties
563 Ternes Ln Elyria, OH 44035-6251
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2337923
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Total area
8,980 SF
Lot
1.13 ac (49,223 SF)
APN
06-25-007-000-245
UPID
US66-2337923
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
-
Specialty Fitters Inc. General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$520k
Comparable Approach
Comparable
$583k
Blend (final)
Blend
$560k
Owner & transaction history
Cm3 Investments LLC · 3 yrs held
Cm3 Investments LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$835,000
+58.3%
Auto repair, garage
$740,000
+39.9%
Office building
$730,000
+38.0%
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 Elyria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elyria 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%
$565,000
6.5%
$520,000
7%
$485,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$530,000
Current use
MEDICAL BUILDING
$835,000
Change: +58% · Conversion: Difficult
AUTO REPAIR, GARAGE
$740,000
Change: +40% · Conversion: Easy
OFFICE BUILDING
$730,000
Change: +38% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$695,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$655,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$12,993
Tax year 2023
Assessed value
$178,717
Assessed 2023
Previous assessed
$178,720
0.0% YoY
Effective rate
7.27%
On assessed value
Assessed land
$17,402
Assessed improvement
$161,315
Land market value
$49,720
Improvement market value
$460,900
Total market value
$510,620
Applied tax rate
33.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2000
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
8,980 SF
Lot
1.13 ac (49,223 SF)
APN
06-25-007-000-245
UPID
US66-2337923
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
$530,000
MEDICAL BUILDING
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$740,000
OFFICE BUILDING
Est. value
$730,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$695,000
WAREHOUSE, STORAGE
Est. value
$655,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2000
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Cm3 Investments LLC
Entity
Mailing address
563 TERNES LN, ELYRIA, OH 44035-6251
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2024
—
Cm3 Investments LLC
—
Deed
related
$612,521 · Citizens Bank NA
Jun 29, 2023
—
Cm3 Investments LLC
Ment Enterprises Ltd
Warranty Deed
—
Dec 18, 2020
—
Ment Enterprises Ltd
—
Deed
related
$784,000 · Citizens Bk NA
Mar 8, 2007
—
Ment Ents Ltd
—
Trustees Deed
related
$100,000 · Lorain National Bank
Jun 22, 2006
—
Ment Ents Ltd
—
Trustees Deed
related
$50,000 · Lorain National Bank
Jun 1, 2005
—
Ment Ents Ltd
—
Trustees Deed
related
$225,000 · Lorain National Bank
Mar 15, 2004
$440,000
Mmca Dev LLC
Tollett,joanita
Grant Deed
—
—
—
Ment Ents Ltd
—
Deed Of Trust
related
$926,000 · Huntington National Bank
—
—
Ment Ents Ltd
—
Deed Of Trust
related
$300,000 · Fifth Third Bank
—
—
Ment Ents Ltd
—
Deed Of Trust
related
$280,000 · Fifth Third Bank
—
—
Ment Enterprises Ltd
—
Deed Of Trust
related
$784,000 · Citizens Bk NA
—
—
Ment Ents Ltd
—
Deed Of Trust
related
$335,000 · Fifth Third Bank
—
—
Ment Ents Ltd
—
Deed Of Trust
related
$134,000 · Fifth Third 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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