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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Retail space
8640 Rdg Rd Elyria, OH 44035-4422
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-4480608
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
9,504 SF
Lot
3 ac (130,680 SF)
APN
06-24-016-000-089
UPID
US66-4480608
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
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$941k
Blend (final)
Blend
$1.21M
Owner & transaction history
Exchangeright Essential Income 1 Ds · 1 yrs held
Exchangeright Essential Income 1 Ds
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+77.6%
Medical building
$885,000
+51.3%
Auto repair, garage
$780,000
+33.7%
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 Elyria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elyria 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%
$1,595,000
6.5%
$1,470,000
7%
$1,365,000
Alternative Use
Use
Estimation
RESTAURANT
$1,040,000
Change: +78% · Conversion: Easy
MEDICAL BUILDING
$885,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$780,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$770,000
Change: +32% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$735,000
Change: +25% · Conversion: Moderate
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$127 / 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
$22,124
Tax year 2023
Assessed value
$304,304
Assessed 2023
Previous assessed
$304,310
0.0% YoY
Effective rate
7.27%
On assessed value
Assessed land
$37,828
Assessed improvement
$266,476
Land market value
$108,080
Improvement market value
$761,360
Total market value
$869,440
Applied tax rate
33.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Stories
1
Units
1
Total area
9,504 SF
Lot
3 ac (130,680 SF)
APN
06-24-016-000-089
UPID
US66-4480608
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
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$780,000
OFFICE BUILDING
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$735,000
RESTAURANT
MEDICAL BUILDING
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
1
Units
1
Lot
3 ac
Current owner
From public records · entity-resolved
Exchangeright Essential Income 1 Ds
Individual
Free & Clear · 1 yrs held
Mailing address
251 S LK AVE STE #520, PASADENA, CA 91101-4844
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2024
—
Exchangeright Essential Income 1 Ds
Exchangeright Net Leased Portfolio
Quitclaim Deed
—
Feb 6, 2014
—
Exchangeright,net Leased Portf Trust
Exchangeright Net Leased Portf
Quit Claim Deed
related
$11,490,000 · Bank Of America
Jan 21, 2014
$1,475,800
Exchangeright Net Leased Portf
Midwest X LLC
Grant Deed
—
May 7, 2013
$200,000
Midwest X LLC
Hughes,mary E
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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