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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Warehouses
8701 Leavitt Rd Elyria, OH 44035-4203
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-5198513
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Total area
17,900 SF
Lot
3.66 ac (159,430 SF)
APN
05-00-048-000-075
UPID
US66-5198513
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
-
Yoga On The Rocks Gym & Fitness Center
-
kriminil trading Advertising Agency
-
AmBari Nutrition Department Store
-
On The Rocks Climbing Gym Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.63M
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$2.09M
Owner & transaction history
Khuffman LLC · 2 yrs held
Khuffman LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+50.5%
Medical building
$1.7M
+28.1%
Auto repair, garage
$1.5M
+13.3%
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%
$2,840,000
6.5%
$2,625,000
7%
$2,435,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,300,000
Current use
RESTAURANT
$1,960,000
Change: +50% · Conversion: Difficult
MEDICAL BUILDING
$1,665,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,475,000
Change: +13% · Conversion: Easy
OFFICE BUILDING
$1,455,000
Change: +12% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,380,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±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
$116 / 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
$32,607
Tax year 2023
Assessed value
$521,959
Assessed 2023
Previous assessed
$521,960
0.0% YoY
Effective rate
6.25%
On assessed value
Assessed land
$54,915
Assessed improvement
$467,044
Land market value
$156,900
Improvement market value
$1,334,410
Total market value
$1,491,310
Applied tax rate
4.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Units
1
Total area
17,900 SF
Lot
3.66 ac (159,430 SF)
APN
05-00-048-000-075
UPID
US66-5198513
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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
RESTAURANT
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
WAREHOUSE, STORAGE Current
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
Units
1
Lot
3.66 ac
Current owner
From public records · entity-resolved
Khuffman LLC
Entity
Mailing address
8701 LEAVITT RD, ELYRIA, OH 44035-4203
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2025
—
Khuffman LLC
—
Deed
related
$1,297,000 · Buckeye Community Bank
Oct 27, 2023
—
Khuffman LLC
—
Deed
related
$738,750 · Buckeye Community Bank
Aug 17, 2023
—
Khuffman LLC
Khuffman LLC
Intrafamily Transfer
related
—
May 8, 2018
—
Ohio Statewide Dev Corp
—
Deed
related
$620,000 · Buckeye Cmnty Bk
Jun 16, 2017
—
Khuffman LLC
—
Deed
related
$344,000 · Buckeye Community Bank
—
—
Khuffman LLC
—
Deed Of Trust
related
$620,000 · Private Individual
—
—
Ohio Statewide Dev Corp
—
Deed Of Trust
related
$620,000 · Buckeye Cmnty 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.
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