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Property profile & analytics
OFF-MARKET
Estimated value
$3,885,000
Manufacturing properties
7600 Auburn Rd Concord Township, OH 44077-9608
Entity Owned
19-yr Hold
Free & Clear
Property ID
US66-0171373
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1978
Total area
68,720 SF
Lot
13.49 ac (587,450 SF)
Zoning code
R5
APN
08-A-019-0-00-042-0
UPID
US66-0171373
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
-
Avery Dennison Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.07M
Comparable Approach
Comparable
$4.29M
Blend (final)
Blend
$3.89M
Owner & transaction history
Lake Hospital System INC · 19 yrs held
Lake Hospital System INC
since 2006
4 recorded transactions
Zoning & alternative use
R5 · Concord Township, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.1M
+103.2%
Auto repair, garage
$5.8M
+92.1%
Medical building
$4.8M
+61.2%
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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,410,000
6.5%
$4,070,000
7%
$3,780,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,000,000
Current use
OFFICE BUILDING
$6,095,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,760,000
Change: +92% · Conversion: Easy
MEDICAL BUILDING
$4,835,000
Change: +61% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,170,000
Change: +39% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,890,000
Change: +30% · Conversion: Easy
RETAIL STORES
$2,655,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$3.89M
Range $3.50M – $4.27M · ±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
$57 / 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
$60,054
Tax year 2023
Assessed value
$829,980
Assessed 2023
Previous assessed
$829,980
+0.0% YoY
Effective rate
7.24%
On assessed value
Assessed land
$145,290
Assessed improvement
$684,690
Land market value
$415,110
Improvement market value
$1,956,250
Total market value
$2,371,360
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1978
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
68,720 SF
Lot
13.49 ac (587,450 SF)
Zoning code
R5
APN
08-A-019-0-00-042-0
UPID
US66-0171373
Jurisdiction
LAKE
Zoning & alternative use
R5 · Concord Township, OHZoning R5 · permitted uses
R5 · Concord Township, OH
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
$3.0M
OFFICE BUILDING
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.2M
WAREHOUSE, STORAGE
Est. value
$3.9M
RETAIL STORES
Est. value
$2.7M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
RETAIL STORES
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
1978
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
13.49 ac
Current owner
From public records · entity-resolved
Lake Hospital System INC
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 8000, MENTOR, OH 44061-8000
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2006
$5,300,000
Lake Hospital System INC
Avery Dennison Corp
Grant Deed
—
Dec 22, 2003
—
Lake Hospital System INC
Avery Denison Corp
Grant Deed
related
—
Dec 22, 2003
$1,557,000
Avery Denison Corp
—
Trustees Deed
related
—
Mar 1, 2001
—
Avery Dennison Corp
Maxus Energy Corp
Grant 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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