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    Retail Store with Brick Front
    $275,000
    2,000 SF

    Retail Store with Brick Front

    2,000 SF retail store with modern amenities and parking.

    4873 Broadview Rd, Cleveland, OH 44109
    View details
    Aurora, Ohio Treed Land Parcel
    $165,000
    3.96 Acres

    Aurora, Ohio Treed Land Parcel

    3.95-acre lot with gas well in Aurora, Ohio.

    W Garfield Rd, Aurora, OH 44202
    View details
    Olmsted Twp Land Opportunity
    $150,000
    2.21 Acres

    Olmsted Twp Land Opportunity

    Land parcels available in Olmsted Twp, superior schools, convenient amenities.

    V/L Bronson Rd, Olmsted Twp, OH 44138
    View details
    Land in Olmsted Township, OH
    $325,000
    5.67 Acres

    Land in Olmsted Township, OH

    Two parcels totaling 5.67 acres in Olmsted Township, OH.

    V/L Bronson Rd, Olmsted Twp, OH 44138
    View details
    Renovated Duplex in Cleveland, OH
    $159,900
    1,623 SF

    Renovated Duplex in Cleveland, OH

    Fully renovated duplex on Cleveland's west side, ideal for investors.

    3412 W 63Rd St, Cleveland, OH 44102
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    Mixed-Use Property with Retail Space
    $249,900
    0.11 Acres

    Mixed-Use Property with Retail Space

    Turn-key mixed-use property featuring retail space and two apartments.

    4350 E 71St St, Cleveland, OH 44105
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    Residential Lots in Lorain, OH
    Contact for pricing
    0.03 Acres

    Residential Lots in Lorain, OH

    Four residential lots for development in a peaceful setting.

    Charles Dr, Lorain, OH 44053
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    Glenville Land for Development
    $99,900
    0.73 Acres

    Glenville Land for Development

    Nine parcels available in Glenville near Cultural Gardens.

    10217 Superior Ave, Cleveland, OH 44106
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    Wooded Land in Strongsville, OH
    $115,000
    2.92 Acres

    Wooded Land in Strongsville, OH

    Three wooded acres in a desirable Strongsville location.

    9890 Webster Rd, Strongsville, OH 44136
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    Buildable Lot in Elyria
    Contact for pricing
    0.25 Acres

    Buildable Lot in Elyria

    Affordable .25 acre lot suitable for building a home.

    352 8Th St, Elyria, OH 44035
    View details
    Lakewood Duplex with Modern Updates
    $375,000
    2,484 SF

    Lakewood Duplex with Modern Updates

    Meticulously maintained Lakewood duplex with modern updates and old-world charm.

    15539 Delaware Ave, Lakewood, OH 44107
    View details
    Berea Commercial Building with Dual Frontage
    $265,000
    1,500 SF

    Berea Commercial Building with Dual Frontage

    Single-story commercial building in Berea, ideal for startups.

    24 Beech St, Berea, OH 44017
    View details
    Glenville Development Land Opportunity
    $99,900

    Glenville Development Land Opportunity

    Nine parcels available for development in the heart of Glenville.

    10217 Superior Ave, Cleveland, OH 44108
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Remax Beyond 2000 Realty
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