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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Investment properties
701 Ee Sta Lorain, OH 44052-2128
Individually Owned
11-yr Hold
Free & Clear
Property ID
US66-0364403
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Total area
6,510 SF
Lot
0.07 ac (3,049 SF)
APN
02-01-003-105-018
UPID
US66-0364403
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
$517k
Blend (final)
Blend
$680k
Owner & transaction history
Edward R Grant JR. · 11 yrs held
Edward R Grant JR.
since 2015
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$605,000
+68.5%
Restaurant
$580,000
+61.6%
Office building
$560,000
+56.1%
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
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
MEDICAL BUILDING
$605,000
Change: +69% · Conversion: Easy
RESTAURANT
$580,000
Change: +62% · Conversion: Difficult
OFFICE BUILDING
$560,000
Change: +56% · Conversion: Easy
AUTO REPAIR, GARAGE
$535,000
Change: +49% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$500,000
Change: +40% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$425,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$104 / 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
$4,280
Tax year 2023
Assessed value
$54,478
Assessed 2023
Previous assessed
$54,470
+0.0% YoY
Effective rate
7.86%
On assessed value
Assessed land
$2,254
Assessed improvement
$52,224
Land market value
$6,440
Improvement market value
$149,210
Total market value
$155,650
Applied tax rate
42.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Heating
YES
Cooling
CENTRAL
Stories
1
Units
1
Rooms
6
Bathrooms
2
Total area
6,510 SF
Lot
0.07 ac (3,049 SF)
APN
02-01-003-105-018
UPID
US66-0364403
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
Est. value
$605,000
RESTAURANT
Est. value
$580,000
OFFICE BUILDING
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$535,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$500,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$425,000
MEDICAL BUILDING
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
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
1920
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
6
Bathrooms
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Edward R Grant JR.
Individual
Free & Clear · 11 yrs held
Mailing address
943 PARKVIEW AVE, LORAIN, OH 44052-1229
Ownership since
2015
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
Jan 6, 2015
—
Edward R Grant JR.
Grant,edward R JR & Rebecca F
Quit Claim Deed
related
—
Jun 16, 2008
$102,000
Edward R Grant JR.
Pihlblad,james E
Warranty Deed
$76,000 · Lorain National Bank
Mar 12, 2001
$115,050
James E Pihlblad
Strauser,donald E
Warranty Deed
related
$71,000 · Lorain Nat'l Bk
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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