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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Parking lots & garages
61 2624th 1313th Old State Rte 61st Ee 1313 Norwalk, OH 44857-8615
Entity Owned
Absentee Owner
Free & Clear
Property ID
US66-0211121
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1973
Total area
7,200 SF
Lot
1.52 ac (66,168 SF)
APN
31-0020-04-001-0000
UPID
US66-0211121
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
$486k
Blend (final)
Blend
$615k
Owner & transaction history
Berlin Heights Storage LLC
Berlin Heights Storage LLC
since 2025
Last sale
$682,500
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$980,000
+41.2%
Office building
$870,000
+25.2%
Restaurant
$840,000
+20.9%
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 Norwalk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwalk 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$695,000
Current use
APARTMENT HOUSE (5+ UNITS)
$980,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$870,000
Change: +25% · Conversion: Difficult
RESTAURANT
$840,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$725,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$700,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$680,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $683k (Nov 25 2025)
Last sale anchor
$683k
Nov 25 2025
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
$85 / 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
$2,120
Tax year 2023
Assessed value
$55,450
Assessed 2023
Previous assessed
$55,450
+0.0% YoY
Effective rate
3.82%
On assessed value
Assessed land
$12,480
Assessed improvement
$42,970
Land market value
$35,660
Improvement market value
$122,760
Total market value
$158,420
Applied tax rate
31.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1973
Heating
NONE
Stories
1
Total area
7,200 SF
Lot
1.52 ac (66,168 SF)
APN
31-0020-04-001-0000
UPID
US66-0211121
Jurisdiction
HURON
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
PARKING LOT Current
Est. value
$695,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$980,000
OFFICE BUILDING
Est. value
$870,000
RESTAURANT
Est. value
$840,000
MEDICAL BUILDING
Est. value
$725,000
AUTO REPAIR, GARAGE
Est. value
$700,000
RETAIL STORES
Est. value
$680,000
PARKING LOT Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1973
Heating
NONE
Stories
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
Berlin Heights Storage LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1271 OLD STATE RTE 61, NORWALK, OH 44857-8616
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2025
$682,500
Berlin Heights Storage LLC
Nancy L Dellisanti
Warranty Deed
—
Jul 24, 2024
—
Megan B Dellisanti
Nancy L Dellisanti
Transfer On Death Deed
related
—
Jan 12, 2005
$230,000
Dellisanti,anthony J & Nancy L
Boose Ventures Ltd
Grant Deed
—
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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