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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Medical Office Space
6115 Emerald St North Ridgeville, OH 44039-2047
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-4529939
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Total area
7,531 SF
Lot
3.33 ac (145,055 SF)
APN
07-00-017-129-085
UPID
US66-4529939
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
$1.40M
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.11M
Owner & transaction history
Kenneth J Carbone · 4 yrs held
Kenneth J Carbone
since 2021
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+55.5%
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 North Ridgeville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Ridgeville 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%
$1,515,000
6.5%
$1,395,000
7%
$1,295,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$700,000
Current use
RESTAURANT
$1,090,000
Change: +56% · Conversion: Difficult
WAREHOUSE, STORAGE
$670,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±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
$147 / 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
$37,114
Tax year 2023
Assessed value
$538,188
Assessed 2023
Previous assessed
$538,190
0.0% YoY
Effective rate
6.90%
On assessed value
Assessed land
$129,038
Assessed improvement
$409,150
Land market value
$368,680
Improvement market value
$1,169,000
Total market value
$1,537,680
Applied tax rate
50.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Heating
NONE
Stories
1
Units
1
Total area
7,531 SF
Lot
3.33 ac (145,055 SF)
APN
07-00-017-129-085
UPID
US66-4529939
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
MEDICAL BUILDING Current
Est. value
$700,000
RESTAURANT
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$670,000
MEDICAL BUILDING Current
RESTAURANT
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
Heating
NONE
Stories
1
Units
1
Lot
3.33 ac
Current owner
From public records · entity-resolved
Kenneth J Carbone
Individual
Mailing address
3605 WARRENSVILLE CTR RD, SHAKER HEIGHTS, OH 44122-5203
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
—
Kenneth J Carbone
North Ridgeville Real Estate Hldg C
Limited Warranty Deed
—
Dec 17, 2021
$1,600,000
Unviersity Hospitals Health System
North Ridgeville Real Estate Hldg C
Limited Warranty Deed
—
Aug 19, 2015
—
Department Of Transportation
North Ridgeville Real Estate H
Warranty Deed
related
—
Dec 19, 2011
—
North Ridgeville R & E Hldg Co
—
Grant Deed
related
$7,280,000 · Northern Tr
—
—
North Ridgeville R & E Holding C
—
Deed Of Trust
related
$4,841,741 · Charter One Bk
—
—
North Ridgeville Real Estate H
—
Deed Of Trust
related
—
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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