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Property profile & analytics
OFF-MARKET
Estimated value
$22,815,000
Industrial properties
7501 Performance Ln North Ridgeville, OH 44039-2765
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-5280576
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
346,114 SF
Lot
37.97 ac (1,653,973 SF)
APN
07-00-046-108-062
UPID
US66-5280576
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
$22.82M
CAP Approach
CAP
$20.12M
Comparable Approach
Comparable
$16.95M
Blend (final)
Blend
$22.82M
Owner & transaction history
Performance Ln Ridgeville Oh LLC · 2 yrs held
Performance Ln Ridgeville Oh LLC
since 2024
Last sale
$22.8M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$32.2M
+51.8%
Warehouse, storage
$30.8M
+45.2%
Auto repair, garage
$28.5M
+34.2%
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
$22,815,000
ML approach
$22,815,000
CAP Approach
CAP Return
Estimation
6%
$21,790,000
6.5%
$20,115,000
7%
$18,680,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$21,230,000
Current use
MEDICAL BUILDING
$32,235,000
Change: +52% · Conversion: Difficult
WAREHOUSE, STORAGE
$30,830,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$28,490,000
Change: +34% · Conversion: Easy
OFFICE BUILDING
$28,265,000
Change: +33% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$26,690,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$22.82M
Range $20.53M – $25.10M · ±10% · vs last sale $22.81M (Apr 18 2024)
Last sale anchor
$22.81M
Apr 18 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
$66 / 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
$506,867
Tax year 2023
Assessed value
$7,350,000
Assessed 2023
Previous assessed
$7,350,000
+0.0% YoY
Effective rate
6.90%
On assessed value
Assessed land
$593,082
Assessed improvement
$6,756,918
Land market value
$1,694,520
Improvement market value
$19,305,480
Total market value
$21,000,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Heating
NONE
Stories
2
Units
1
Total area
346,114 SF
Lot
37.97 ac (1,653,973 SF)
APN
07-00-046-108-062
UPID
US66-5280576
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
INDUSTRIAL (GENERAL) Current
Est. value
$21.2M
MEDICAL BUILDING
Est. value
$32.2M
WAREHOUSE, STORAGE
Est. value
$30.8M
AUTO REPAIR, GARAGE
Est. value
$28.5M
OFFICE BUILDING
Est. value
$28.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$26.7M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
Heating
NONE
Stories
2
Units
1
Lot
37.97 ac
Current owner
From public records · entity-resolved
Performance Ln Ridgeville Oh LLC
Entity
Mailing address
600 EE AVE STE #200, ROCHESTER, NY 14607-2089
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
$22,814,400
Performance Ln Ridgeville Oh LLC
Lcn Rdl Clevel And Oh LLC
Limited Warranty Deed
$22,500,000 · Protective Life Insurance Co
May 1, 2017
$30,650,000
Lcn Rdl Cleveland
Scannell Properties 277llc
Grant Deed
$45,000,000 · Miscellaneous Ins Co
Nov 30, 2016
—
Scannell Properties 277 LLC
—
Grant Deed
related
$23,000,000 · Keybank USA
Nov 10, 2011
$9,500
North Ridgeville Shopping
Bancshares Realty LLC
Grant Deed
—
Feb 3, 2005
—
Ridgeview Center LLC
Ridgeview Center INC
Quit Claim Deed
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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