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Property profile & analytics
OFF-MARKET
Estimated value
$1,925,000
Medical Office Space
21100 Southgate Park Blvd Maple Heights, OH 44137-3004
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-0161074
Property summary
AI-generated overview
This exceptional five-story, Class B office building, located at 21100 Southgate Park Blvd in Maple Heights, Ohio, offers 96,232 square feet of versatile space ideal for medical, traditional, or executive office uses. Built in 1960 and situated on 3.6 acres, the property boasts a single building with ample parking (291 spaces) and convenient elevator access. Its strategic location in the Cleveland East submarket, specifically the Maple Heights, Warrensville Heights, and Garfield Heights cluster, provides immediate access to the I-480 and I-271 interchange, ensuring easy commutes for employees and clients. The building is currently available for multiple tenants and features a private entrance. While a full build-out is required, the below-market rent makes this a highly attractive opportunity. This property presents a unique chance to establish a presence in a thriving Cuyahoga County location. The property's address is 21100 Southgate Park Blvd, Maple Heights, OH 44137.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1960
Construction
TYPE NOT SPECIFIED
Total area
38,280 SF
Lot
1.9 ac (82,900 SF)
Zoning code
GC
APN
783-22-004
UPID
US66-0161074
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
$1.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$1.93M
Owner & transaction history
Jack Trocki Development Company LLC · 2 yrs held
Jack Trocki Development Company LLC
since 2023
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
GC · Maple Heights, OH
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 Maple Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maple Heights 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
$1,835,000
ML approach
$1,925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.93M
Range $1.73M – $2.12M · ±10% · vs last sale $1.97M (Oct 23 2023)
Last sale anchor
$1.97M
Oct 23 2023
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
$50 / 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
$22,340
Tax year 2023
Assessed value
$203,710
Assessed 2023
Previous assessed
$203,710
+0.0% YoY
Effective rate
10.97%
On assessed value
Assessed land
$85,300
Assessed improvement
$118,410
Land market value
$243,700
Improvement market value
$338,300
Total market value
$582,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1960
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
3
Total area
38,280 SF
Lot
1.9 ac (82,900 SF)
Zoning code
GC
APN
783-22-004
UPID
US66-0161074
Jurisdiction
CUYAHOGA
Zoning & alternative use
GC · Maple Heights, OH
Zoning GC · permitted uses
GC · Maple Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Maple Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
2
Lot
1.9 ac
Current owner
From public records · entity-resolved
Jack Trocki Development Company LLC
Entity
Mailing address
631 TILTON RD, NORTHFIELD, NJ 08225-1219
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2023
$1,967,766
Jack Trocki Development Company LLC
Maple Heights Commerce Two LLC
Limited Warranty Deed
—
May 25, 2017
—
Maple Heights Commerce Two LLC
—
Grant Deed
related
$11,475,000 · Huntington Nat'l Bk
Sep 28, 2012
—
Maple Heights Commerce Two LLC
—
Deed Of Trust
related
$3,350,000 · Huntington Nat'l Bk/fl
Aug 30, 2012
—
Maple Heights Commerce Two LLC
—
Deed Of Trust
related
$1,135,000 · Charter One
Aug 7, 2003
$535,000
Maple Heights Commerce Two LLC
Southgate USA
Grant Deed
$1,000,000 · Fifth Third Bank
—
—
Maple Heights Commerce Two LLC
—
Deed Of Trust
related
$1,135,000 · Charter One
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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