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Property profile & analytics
OFF-MARKET
Industrial land
Research Dr, Eastlake, OH 44095
Entity Owned
9-yr Hold
Free & Clear
Property ID
US66-3942605
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
3.62 ac (157,731 SF)
APN
34-A-012-0-00-013-0
UPID
US66-3942605
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Four M Leasing INC · 9 yrs held
Four M Leasing INC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Eastlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eastlake 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,681
Tax year 2023
Assessed value
$48,440
Assessed 2023
Previous assessed
$48,440
+0.0% YoY
Effective rate
9.66%
On assessed value
Assessed land
$48,440
Land market value
$138,400
Total market value
$138,400
Applied tax rate
34.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
3.62 ac (157,731 SF)
APN
34-A-012-0-00-013-0
UPID
US66-3942605
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
Building & site characteristics
From public records
Heating
NONE
Lot
3.62 ac
Current owner
From public records · entity-resolved
Four M Leasing INC
Entity
Free & Clear · 9 yrs held
Mailing address
1540 COLT RD, EAST CLEVELAND, OH 44112
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2017
$147,000
Four M Leasing INC
Busy Squirrel Properties LLC
Warranty Deed
—
Oct 28, 2008
—
Busy Squirrel Properties LLC
—
Trustees Deed
related
$187,000 · Lorain National Bank
Jun 28, 2006
$195,000
Busy Squirrel Properties LLC
Owner,record
Grant Deed
related
$146,250 · Lorain National Bank
Mar 1, 2000
$217,500
Ciros Property Management INC
Eastlake Industrial Park Ltd
Grant Deed
related
$195,000 · Bank One NA
Jul 8, 1999
—
Eastlake Industrial Park Ltd
Chiappetta,john D & Patricia A
Grant Deed
related
—
—
—
Eastlake Industrial Park Ltd
—
Deed Of Trust
related
$615,000 · Director Of Transportation
—
—
Eastlake Industries Park Ltd
—
Deed Of Trust
related
$2,425,000 · Eastlake City (oh)
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
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