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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Office Spaces
6145 Park Sq Dr Ste 3 Lorain, OH 44053-4147
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-0834821
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2003
Total area
8,246 SF
APN
05-00-020-702-012
UPID
US66-0834821
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
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$750k
Owner & transaction history
Gtx Properties LLC · 1 yrs held
Gtx Properties LLC
since 2024
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$770,000
+8.0%
Restaurant
$735,000
+3.5%
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 Lorain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lorain 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
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$710,000
Current use
MEDICAL BUILDING
$770,000
Change: +8% · Conversion: Easy
RESTAURANT
$735,000
Change: +4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$680,000
Change: -5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Sep 30 2024)
Last sale anchor
$750k
Sep 30 2024
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
$91 / 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
$534
Tax year 2023
Assessed value
$8,750
Assessed 2023
Previous assessed
$8,750
+0.0% YoY
Effective rate
6.10%
On assessed value
Assessed land
$8,750
Land market value
$25,000
Total market value
$25,000
Applied tax rate
43.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2003
Heating
NONE
Stories
1
Units
1
Total area
8,246 SF
APN
05-00-020-702-012
UPID
US66-0834821
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
OFFICE BUILDING Current
Est. value
$710,000
MEDICAL BUILDING
Est. value
$770,000
RESTAURANT
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$680,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Heating
NONE
Stories
1
Units
1
Current owner
From public records · entity-resolved
Gtx Properties LLC
Entity
Mailing address
6232 OAK PT ESTS W, LORAIN, OH 44053-1870
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2024
$750,000
Gtx Properties LLC
Park Square Lorain Holdings LLC
Limited Warranty Deed
$562,500 · First Fsla Of Lakewood
Nov 30, 2023
—
Park Square Lorain Holdings LLC
Lendus LLC
Quit Claim Deed
related
—
Feb 24, 2023
—
Lendus LLC
—
Deed
related
$5,301 · Lendus LLC
Nov 15, 2018
—
Lendus LLC
American Eagle Mtg
Quit Claim Deed
related
—
Nov 19, 2009
$389,800
American Eagle Mtg Co LLC
Eaglecam Properties LLC
Quit Claim Deed
related
—
Sep 17, 2004
$1,169,200
Eaglecam Properties LLC
Campana Dev IV LLC
Warranty Deed
$920,000 · Fifth Third Bank Ne Ohio
—
—
American Eagle Mtg
—
Deed Of Trust
related
$680,000 · Lorain National Bank
—
—
American Eagle Mtg
—
Deed Of Trust
related
$680,000 · Lorain National 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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