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Property profile & analytics
OFF-MARKET
Retail space
7065 Painesville Ravenna Rd Concord Township, OH 44077-8926
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US66-1796809
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Construction
WOOD
Total area
3,540 SF
Lot
1.86 ac (81,152 SF)
Zoning code
R-1
APN
08-A-014-0-00-045-0
UPID
US66-1796809
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
Cleveland Pcs Realty LLC · 21 yrs held
Cleveland Pcs Realty LLC
since 2005
7 recorded transactions
Zoning & alternative use
R-1 · Concord Township, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the R-1 Residential District is to provide an area within the Township for housing and other compatible residential uses that are in close proximity to major state highways and interchanges of limited access highways, higher traffic roads, commercial concentrations and service areas, which are generally serviced by sanitary sewer and public wa…
Zone name
Residential
General category
COMMERCIAL
Zone area
6,172.43 ac
Source
Realmo
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 Concord Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Concord Township 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
$6,672
Tax year 2023
Assessed value
$86,450
Assessed 2023
Previous assessed
$86,450
+0.0% YoY
Effective rate
7.72%
On assessed value
Assessed land
$50,750
Assessed improvement
$35,700
Land market value
$145,000
Improvement market value
$102,010
Total market value
$247,010
Applied tax rate
8.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,540 SF
Lot
1.86 ac (81,152 SF)
Zoning code
R-1
APN
08-A-014-0-00-045-0
UPID
US66-1796809
Jurisdiction
LAKE
Zoning & alternative use
R-1 · Concord Township, OHZoning R-1 · permitted uses
R-1 · Concord Township, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the R-1 Residential District is to provide an area within the Township for housing and other compatible residential uses that are in close proximity to major state highways and interchanges of limited access highways, higher traffic roads, commercial concentrations and service areas, which are generally serviced by sanitary sewer and public water. Developments in this District tend to have a predominance of suburban residential character on gently rolling lands.
Zone name
Residential
General category
COMMERCIAL
Zone area
6,172.43 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1993
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Cleveland Pcs Realty LLC
Entity
Mailing address
7065 PAINESVILLE RAVENNA RD, CONCORD TOWNSHIP, OH 44077-8926
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2020
—
Ravenna Properties INC
—
Deed
related
$177,000 · Middlefield Bkng
Dec 24, 2019
—
Ravenna Properties INC
—
Deed
related
$50,000 · Middlefield Bkng
Jan 2, 2019
—
Opportunities Ravenna Prop INC
—
Deed
related
—
Nov 29, 2017
—
Ravenna Properties INC
—
Trustees Deed
related
$50,000 · Middlefield Bkng
May 23, 2005
—
Cleveland Pcs Realty LLC
Cleveland Pcs LLC
Quit Claim Deed
related
—
Dec 14, 2000
$265,000
Ravenna Properties INC
Murfey,james J & Janet R
Grant Deed
$132,500 · Great Lakes Bank
—
—
Opportunities Ravenna Prop INC
—
Loan Modification
related
—
—
—
Ravenna Properties INC
—
Deed Of Trust
related
$50,000 · Middlefield Bkng
—
—
Ravenna Properties INC
—
Deed Of Trust
related
$299,115 · Huntington National Bank
—
—
Ravenna Properties INC
—
Deed Of Trust
related
$177,000 · Middlefield Bkng
—
—
Ravenna Properties INC
—
Deed Of Trust
related
$152,000 · Middlefield Bkng
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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