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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Office buildings
753 Avon Belden Rd Avon Lake, OH 44012-2253
Entity Owned
6-yr Hold
Free & Clear
Property ID
US66-2366917
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
5,588 SF
Lot
0.92 ac (40,075 SF)
APN
04-00-017-113-009
UPID
US66-2366917
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
Current use
Occupant on record · Public records
-
SKIN CARE & Wax Studio Hair Salon Nail Salon
-
Bayer Corporation Factory Production Facility
-
Style Clean Co Hardware & Home Improvement
-
Heart of Steele CPR, LLC Training Center Vocational School
-
Lukacs Lawfirm LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$373k
Blend (final)
Blend
$560k
Owner & transaction history
West Rental Properties LLC · 6 yrs held
West Rental Properties LLC
since 2020
Last sale
$500,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$875,000
+62.5%
Apartment house (5+ units)
$780,000
+44.4%
Warehouse, storage
$640,000
+18.7%
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 Avon Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avon Lake 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
$640,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$540,000
Current use
RESTAURANT
$875,000
Change: +62% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$780,000
Change: +44% · Conversion: Easy
WAREHOUSE, STORAGE
$640,000
Change: +19% · Conversion: Difficult
MEDICAL BUILDING
$520,000
Change: -4% · Conversion: Easy
AUTO REPAIR, GARAGE
$460,000
Change: -15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$460,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $500k (Feb 19 2020)
Last sale anchor
$500k
Feb 19 2020
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
$100 / 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
$9,980
Tax year 2023
Assessed value
$134,400
Assessed 2023
Previous assessed
$134,400
+0.0% YoY
Effective rate
7.43%
On assessed value
Assessed land
$35,420
Assessed improvement
$98,980
Land market value
$101,200
Improvement market value
$282,800
Total market value
$384,000
Applied tax rate
11.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Heating
NONE
Buildings
4
Stories
1
Units
1
Total area
5,588 SF
Lot
0.92 ac (40,075 SF)
APN
04-00-017-113-009
UPID
US66-2366917
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
$540,000
RESTAURANT
Est. value
$875,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$780,000
WAREHOUSE, STORAGE
Est. value
$640,000
MEDICAL BUILDING
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$460,000
COMMERCIAL (GENERAL)
Est. value
$460,000
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1989
Heating
NONE
Stories
1
Buildings
4
Units
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
West Rental Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
50093 TELEGRAPH RD, AMHERST, OH 44001-9543
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2020
—
West Rental Properties LLC
Michael West
Quit Claim Deed
related
—
Aug 31, 2017
$500,000
Michael West
Pimsner,charles J & Renee J
Warranty Deed
—
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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