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Property profile & analytics
OFF-MARKET
Turn key restaurants
5876 Longacre Ln Chippewa Lake, OH 44215
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-2734793
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1924
Total area
2,304 SF
Lot
6.83 ac (297,515 SF)
APN
020-10D-45-001
UPID
US66-2734793
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
Chippewa Lake Real Estate INC · 6 yrs held
Chippewa Lake Real Estate INC
since 2019
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 Chippewa Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chippewa Lake 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
$22,463
Tax year 2023
Assessed value
$479,500
Assessed 2023
Previous assessed
$479,500
+0.0% YoY
Effective rate
4.68%
On assessed value
Assessed land
$90,310
Assessed improvement
$389,190
Land market value
$258,040
Improvement market value
$1,111,960
Total market value
$1,370,000
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1924
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
2
Rooms
10
Bathrooms
5
Total area
2,304 SF
Lot
6.83 ac (297,515 SF)
APN
020-10D-45-001
UPID
US66-2734793
Jurisdiction
MEDINA
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
1924
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
4
Rooms
10
Bathrooms
5
Lot
6.83 ac
Current owner
From public records · entity-resolved
Chippewa Lake Real Estate INC
Entity
Mailing address
1137 FRST DR, WOOSTER, OH 44691-2814
Ownership since
2019
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
Dec 13, 2019
—
Chippewa Lake Real Estate INC
—
Deed
related
$412,500 · Westfield Bank Fsb
Aug 21, 2019
—
Chippewa Lake Real Estate INC
—
Deed
related
$412,500 · Westfield Bk Fsb
May 14, 2018
—
Chippewa Lake Real Estate INC
—
Trustees Deed
related
$412,500 · Westfield Bk
—
—
Chippewa Lake Real Estate INC
—
Loan Modification
related
$412,500 · Westfield Bk Fsb
—
—
Chippewa Lake Real Estate INC
—
Deed Of Trust
related
$425,000 · Growth Cap
—
—
Oaks Lodge INC
—
Deed Of Trust
related
$100,000 · Firstmerit Bank NA
—
—
Lake Lodge INC
—
Deed Of Trust
related
$250,000 · Westfield Bank Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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