Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,850,000
Manufacturing properties
835 Richmond Rd Painesville, OH 44077-1143
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US66-0202134
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1991
Total area
32,000 SF
Lot
3.23 ac (140,699 SF)
APN
11-B-069-0-00-013-0
UPID
US66-0202134
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
$1.90M
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$1.85M
Owner & transaction history
Mcneil Real Estate Properties LLC · 19 yrs held
Mcneil Real Estate Properties LLC
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.8M
+103.2%
Auto repair, garage
$2.7M
+92.1%
Medical building
$2.3M
+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 Painesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Painesville 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%
$2,055,000
6.5%
$1,895,000
7%
$1,760,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,395,000
Current use
OFFICE BUILDING
$2,835,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,685,000
Change: +92% · Conversion: Easy
MEDICAL BUILDING
$2,250,000
Change: +61% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,940,000
Change: +39% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,810,000
Change: +30% · Conversion: Easy
RETAIL STORES
$1,235,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$1.85M
Range $1.67M – $2.04M · ±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
$58 / 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
$32,897
Tax year 2023
Assessed value
$404,280
Assessed 2023
Previous assessed
$404,280
+0.0% YoY
Effective rate
8.14%
On assessed value
Assessed land
$51,220
Assessed improvement
$353,060
Land market value
$146,340
Improvement market value
$1,008,730
Total market value
$1,155,070
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1991
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
32,000 SF
Lot
3.23 ac (140,699 SF)
APN
11-B-069-0-00-013-0
UPID
US66-0202134
Jurisdiction
LAKE
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
$1.4M
OFFICE BUILDING
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.2M
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
1991
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.23 ac
Current owner
From public records · entity-resolved
Mcneil Real Estate Properties LLC
Entity
Mailing address
835 RICHMOND RD, PAINESVILLE, OH 44077-1143
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2020
—
Mcneil Real Estate Properties LLC
—
Deed
related
$500,000 · Jpmorgan Chase Bank NA
Nov 21, 2017
—
Mcneil Real Estate Properties LLC
—
Deed
related
$1,200,000 · Jpmorgan Chase Bank NA
Jan 4, 2007
$1,264,000
Mcneil Real Estate Properties LLC
Deming II LLC
Warranty Deed
$1,400,000 · Sky Bank
Nov 29, 2006
—
Elm Street Properties LLC
—
Trustees Deed
related
$150,000 · Century Bank
May 3, 2006
$883,400
Elm Street Properties LLC
Nelson Properties LLC
Warranty Deed
$2,050,000 · Century Bank
May 13, 2005
$792,000
Deming II LLC
Nelson Properties LLC
Sheriffs Deed
related
$1,000,000 · Firstmerit Bank NA
—
—
Mcneil Real Estate Props LLC
—
Deed Of Trust
related
$800,000 · Park View Fsb
—
—
Nelson Properties LLC
—
Deed Of Trust
related
$1,425,000 · Bank One NA
—
—
Mcneil Real Estate Props LLC
—
Deed Of Trust
related
$300,000 · Park View Fsb
—
—
Mcneil Real Estate Props LLC
—
Deed Of Trust
related
$880,000 · Park View Fsb
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?”
You own 835 Richmond Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
