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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Motels
910 Lorain Blvd Elyria, OH 44035-2820
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-0036030
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1964
Total area
9,596 SF
Lot
2.94 ac (128,066 SF)
APN
06-24-027-105-037
UPID
US66-0036030
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
-
Alfresco Ram, Inc. Business Management Consultant
-
Urban Payday Loans Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$663k
Blend (final)
Blend
$590k
Owner & transaction history
Nimu LLC · 5 yrs held
Nimu LLC
since 2020
Last sale
$475,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$985,000
+83.7%
Restaurant
$920,000
+71.5%
Apartment house (5+ units)
$845,000
+57.7%
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
$605,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$810,000
7%
$750,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$535,000
Current use
AUTO REPAIR, GARAGE
$985,000
Change: +84% · Conversion: Difficult
RESTAURANT
$920,000
Change: +71% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$845,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$720,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$720,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $475k (Dec 15 2020)
Last sale anchor
$475k
Dec 15 2020
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
$61 / 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
$27,635
Tax year 2023
Assessed value
$380,107
Assessed 2023
Previous assessed
$380,110
0.0% YoY
Effective rate
7.27%
On assessed value
Assessed land
$46,970
Assessed improvement
$333,137
Land market value
$134,200
Improvement market value
$951,820
Total market value
$1,086,020
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1964
Heating
NONE
Buildings
2
Stories
1
Units
1
Total area
9,596 SF
Lot
2.94 ac (128,066 SF)
APN
06-24-027-105-037
UPID
US66-0036030
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
HOTEL/MOTEL Current
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$985,000
RESTAURANT
Est. value
$920,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$845,000
RETAIL STORES
Est. value
$720,000
MEDICAL BUILDING
Est. value
$720,000
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
MEDICAL BUILDING
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
1964
Heating
NONE
Stories
1
Buildings
2
Units
1
Lot
2.94 ac
Current owner
From public records · entity-resolved
Nimu LLC
Entity
Free & Clear · 5 yrs held
Mailing address
910 LORAIN BLVD, ELYRIA, OH 44035-2820
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jun 12, 2025
—
Nimu LLC
—
Deed
related
$1,093,000 · First National Bank Of Bellevue
Oct 29, 2020
—
Nimu LLC
Lodging LLC
Warranty Deed
related
—
Mar 13, 2019
—
Lodging LLC
Sandusky Vending LP
Warranty Deed
related
—
Sep 14, 2004
—
Sandusky Vending Ltd
—
Deed Of Trust
related
$1,750,000 · Firstmerit Bank NA
May 18, 2004
—
Sandusky Vending Co
—
Deed Of Trust
related
$1,750,000 · Firstmerit Bank NA
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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