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Property profile & analytics
OFF-MARKET
Banks
70 Richmond St Painesville, OH 44077-3252
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-2214897
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1986
Total area
1,920 SF
Lot
0.2 ac (8,760 SF)
Zoning code
B-4
APN
15-D-003-0-00-009-0
UPID
US66-2214897
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
70 Richmond Road LLC · 2 yrs held
70 Richmond Road LLC
since 2024
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
B-4 · 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
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
$12,993
Tax year 2023
Assessed value
$104,920
Assessed 2023
Previous assessed
$104,920
+0.0% YoY
Effective rate
12.38%
On assessed value
Assessed land
$10,730
Assessed improvement
$94,190
Land market value
$30,670
Improvement market value
$269,110
Total market value
$299,780
Applied tax rate
15.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
1,920 SF
Lot
0.2 ac (8,760 SF)
Zoning code
B-4
APN
15-D-003-0-00-009-0
UPID
US66-2214897
Jurisdiction
LAKE
Zoning & alternative use
B-4 · Painesville, OHZoning B-4 · permitted uses
B-4 · Painesville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Painesville, OH
Building & site characteristics
From public records
Year built
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
70 Richmond Road LLC
Entity
Mailing address
22472 VALLEYBROOK LN, STRONGSVILLE, OH 44149-2987
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2025
—
70 Richmond Road LLC
—
Deed
related
$640,000 · Eaton Family Cu
May 29, 2024
$500,000
70 Richmond Road LLC
Starsa LLC
Limited Warranty Deed
—
Feb 12, 2024
—
Starsa LLC
—
Deed
related
$225,000 · Premier Bank
Dec 19, 2023
—
Starsa LLC
Starsa LLC
Intrafamily Transfer
related
—
Apr 9, 2020
—
Starsa LLC
—
Deed
related
$1,680,000 · First Fed'l Bk/the Midwest
Sep 6, 2019
$465,000
Starsa LLC
Consolidated Inivestment Corporatio
Limited Warranty Deed
$372,000 · Home Savings Bank
Jul 14, 2000
—
Consolidated Investment Corp
—
Deed Of Trust
related
$4,725,000 · Firstmerit Bank NA
—
—
Consolidated Investment Corp
—
Deed Of Trust
related
$3,295,962 · Firstmerit Bk
—
—
Starsa LLC
—
Deed Of Trust
related
$1,680,000 · First Fed'l Bk/the Midwest
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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