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Property profile & analytics
OFF-MARKET
Estimated value
$1,580,000
Manufacturing properties
975 Bassett Rd Westlake, OH 44145-1171
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-3607930
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2004
Total area
20,000 SF
Lot
5.37 ac (233,948 SF)
Zoning code
EI
APN
212-06-003
UPID
US66-3607930
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
$1.27M
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.58M
Owner & transaction history
L7 Group LLC · 8 yrs held
L7 Group LLC
since 2017
7 recorded transactions
Zoning & alternative use
EI · Westlake, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.2M
+156.2%
Medical building
$2.2M
+152.0%
Neighborhood: shopping center
$2.0M
+134.9%
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 Westlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westlake 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%
$1,370,000
6.5%
$1,265,000
7%
$1,175,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,210,000
Change: +156% · Conversion: Difficult
MEDICAL BUILDING
$2,175,000
Change: +152% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,025,000
Change: +135% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,780,000
Change: +106% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,655,000
Change: +92% · Conversion: Difficult
Blend value · Realmo final
$1.58M
Range $1.42M – $1.74M · ±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
$79 / 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
$77,021
Tax year 2023
Assessed value
$1,110,340
Assessed 2023
Previous assessed
$796,430
+39.4% YoY
Effective rate
6.94%
On assessed value
Assessed land
$244,370
Assessed improvement
$865,970
Land market value
$698,200
Improvement market value
$2,474,200
Total market value
$3,172,400
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
2004
Heating
NONE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
20,000 SF
Lot
5.37 ac (233,948 SF)
Zoning code
EI
APN
212-06-003
UPID
US66-3607930
Jurisdiction
CUYAHOGA
Zoning & alternative use
EI · Westlake, OH
Zoning EI · permitted uses
EI · Westlake, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westlake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2004
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
5.37 ac
Current owner
From public records · entity-resolved
L7 Group LLC
Entity
Mailing address
975 BASSETT RD, WESTLAKE, OH 44145-1171
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2022
—
L7 Group LLC
—
Deed
related
$2,625,000 · Civista Bank
Jan 13, 2022
—
L7 Group LLC
—
Deed
related
$1,942,000 · The Huntington National Bank
Jul 19, 2021
—
L7 Group LLC
—
Deed
related
$1,880,000 · The Huntington National Bank
Jul 12, 2021
—
L7 Group LLC
—
Deed
related
$1,880,000 · The Huntington National Bank
Oct 16, 2017
$1,045,142
L7 Group LLC
Westlake Warehouse Ltd
Warranty Deed
$750,000 · Huntington Nat'l Bk
Dec 23, 1997
—
Philip Ardire
Philip Ardire Trustee
Quit Claim Deed
related
$240,000 · Huntington National Bank
—
—
Westlake Warehouse Ltd
—
Deed Of Trust
related
$650,000 · Buckeye Cmnty Bk
—
—
Westlake Warehouse Ltd
—
Deed Of Trust
related
$1,800,000 · Huntington National Bank
—
—
Westlake Warehouse Ltd
—
Deed Of Trust
related
$400,000 · Huntington National Bank
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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