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Property profile & analytics
FOR SALE
Retail space
7970 East Harbor Rd Lakeside, OH 43440
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-4368095
For Sale
1 / 5
Contact for pricing
7970 East Harbor Rd, Lakeside, OH 43440
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2015
Construction
METAL FRAME
Total area
9,170 SF
Lot
1.23 ac (53,361 SF)
APN
014-11718-15676-005
UPID
US66-4368095
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
-
Dollar General Discount Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.15M
Owner & transaction history
Gipoh 7970 E Harbor Road LLC · 2 yrs held
Gipoh 7970 E Harbor Road LLC
since 2023
Last sale
$1.1M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+27.9%
Commercial (general)
$850,000
+6.4%
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 Lakeside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeside 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
$1,150,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$800,000
Current use
RESTAURANT
$1,025,000
Change: +28% · Conversion: Easy
COMMERCIAL (GENERAL)
$850,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±10% · vs last sale $1.13M (Aug 18 2023)
Last sale anchor
$1.13M
Aug 18 2023
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
$125 / 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
$13,913
Tax year 2023
Assessed value
$345,191
Assessed 2023
Previous assessed
$352,709
-2.1% YoY
Effective rate
4.03%
On assessed value
Assessed land
$224,063
Assessed improvement
$121,128
Land market value
$640,180
Improvement market value
$346,080
Total market value
$986,260
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
For Sale
Year built
2015
Construction
METAL FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
9,170 SF
Lot
1.23 ac (53,361 SF)
APN
014-11718-15676-005
UPID
US66-4368095
Jurisdiction
OTTAWA
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
RETAIL STORES Current
Est. value
$800,000
RESTAURANT
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$850,000
RETAIL STORES Current
RESTAURANT
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
2015
Construction
METAL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Gipoh 7970 E Harbor Road LLC
Entity
Mailing address
401 E JACKSON ST STE #3300, TAMPA, FL 33602-5228
Ownership since
2023
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
Aug 18, 2023
$1,134,525
Gipoh 7970 E Harbor Road LLC
Ru Dg Ohpame6 LLC
Limited Warranty Deed
$21,000,000 · Vast Bank NA
Dec 28, 2017
—
Ru Dollar General Ohpame6 LLC
—
Deed
related
$3,986,988 · North American Svgs Bk
Mar 21, 2017
—
Ru Dollar General Ohpame6 LLC
Rich Uncles Nnn Operating Ptsh
Grant Deed
—
Nov 10, 2016
$1,162,500
Rich Uncles Nnn Operating Ptsh
Lakeside Dohp X LLC
Grant Deed
—
—
—
Ru Dollar General Ohpame6 LLC
—
Loan Modification
related
$3,986,988 · North American Svgs 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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