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Property profile & analytics
OFF-MARKET
Estimated value
$200,000
Drive through restaurants
6 Fairfield Rd Painesville, OH 44077-1517
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US66-0653491
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2009
Construction
WOOD
Total area
3,282 SF
Lot
0.77 ac (33,354 SF)
Zoning code
B-1
APN
11-A-012-A-01-005-0
UPID
US66-0653491
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
$200k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$200k
Owner & transaction history
Township Of Painesville Ohio · 13 yrs held
Township Of Painesville Ohio
since 2013
7 recorded transactions
Zoning & alternative use
B-1 · Painesville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
B-1 Business/Residential B-2 General Business B-3 Central Business DD Downtown Development M-1 Light Industrial M-2 Industrial Zoning Overlays: Design Districts, Historic Districts, PUD For more detail regarding zoning regulations for each district, see
Zone name
Business And Residential
General category
COMMERCIAL
Zone area
37.18 ac
Source
Painesville, OH
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
Method
Estimation
Statistic approach
by Request
ML approach
$200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$200k
Range $180k – $220k · ±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
$61 / 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
$8,775
Tax year 2023
Assessed value
$106,870
Assessed 2023
Previous assessed
$106,870
+0.0% YoY
Effective rate
8.21%
On assessed value
Assessed land
$43,310
Assessed improvement
$63,560
Land market value
$123,740
Improvement market value
$181,600
Total market value
$305,340
Applied tax rate
11.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2009
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,282 SF
Lot
0.77 ac (33,354 SF)
Zoning code
B-1
APN
11-A-012-A-01-005-0
UPID
US66-0653491
Jurisdiction
LAKE
Zoning & alternative use
B-1 · Painesville, OHZoning B-1 · permitted uses
B-1 · Painesville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
B-1 Business/Residential B-2 General Business B-3 Central Business DD Downtown Development M-1 Light Industrial M-2 Industrial Zoning Overlays: Design Districts, Historic Districts, PUD For more detail regarding zoning regulations for each district, see
Zone name
Business And Residential
General category
COMMERCIAL
Zone area
37.18 ac
Source
Painesville, OH
Building & site characteristics
From public records
Year built
2009
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Township Of Painesville Ohio
Individual
Mailing address
8010 BUTLER HL DR, CONCORD TOWNSHIP, OH 44077-8751
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2019
—
Sub Zero Properties Ltd
—
Deed
related
$145,000 · Keybank USA
Jul 12, 2013
$4,250
Township Of Painesville Ohio
Sub Zero Properties Ltd
Warranty Deed
—
Feb 27, 2009
$129,000
Sub Zero Properties Ltd
Anthony N Signorelli
Warranty Deed
$215,500 · National City Bank
Jun 2, 2004
—
Ohio State
Signorelli,anthony N & Charlene A
Grant Deed
related
—
Mar 5, 1999
$66,000
Anthony N Signorelli
Kosovich,kenneth J & Elizabeth A
Grant Deed
$56,000 · Great Lakes Bank
—
—
Sub Zero Properties Ltd
—
Deed Of Trust
related
$145,000 · Keybank USA
—
—
Sub Zero Properties Ltd
—
Deed Of Trust
related
$179,000 · Lake Cnty Small Busn Assistanc
—
—
Anthony N Signorelli
—
Deed Of Trust
related
$207,200 · Great Lakes Bank
—
—
Sub Zero Properties Ltd
—
Deed Of Trust
related
$212,500 · National City 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.
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