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    19315 Hlliard Blvd Rocky River, OH 44116
    Property profile & analytics

    19315 Hlliard Blvd, Rocky River, OH 44116

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    • Specialty properties
    • 9,766 SF
    • 0.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 19315 Hlliard Blvd

    Year built
    2002
    Lot size
    0.50 lot acres
    Property type
    Specialty properties
    Property subtype
    Schools

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rocky River
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8366
    Latitude
    41.4708

    Comparable in this City

    • Value Estimation by Request
      6.91 Acres

      3850 Linden Rd

      COLLEGE, UNIVERSITY, VOC SCHOOL
      3850 Linden Rd, Rocky River, OH 44116-4016
      View Details
    • Value Estimation
      $4,940,000
      154,921 SF

      20770 Hilliard Blvd

      COLLEGE, UNIVERSITY, VOC SCHOOL
      20770 Hilliard Blvd, Rocky River, OH 44116-3309
      View Details
    • Value Estimation by Request

      3400 Wooster Rd, Unit G105

      RESIDENTIAL PARKING GARAGE
      3400 Wooster Rd, Rocky River, OH 44116-4172
      View Details
    • Value Estimation by Request

      3400 Wooster Rd, Unit GS41

      RESIDENTIAL PARKING GARAGE
      3400 Wooster Rd, Rocky River, OH 44116-4172
      View Details
    • Value Estimation by Request
      3.07 Acres

      18501 Hilliard Blvd, Unit GS76

      RESIDENTIAL PARKING GARAGE
      18501 Hilliard Blvd, Rocky River, OH 44116-2963
      View Details
    • Value Estimation by Request
      3.07 Acres

      18501 Hilliard Blvd, Unit GS65

      RESIDENTIAL PARKING GARAGE
      18501 Hilliard Blvd, Rocky River, OH 44116-2963
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      226,155 SF

      Retail Space in Rocky River

      Retail spaces available in a busy Rocky River location.
      21653 Center Ridge Rd, Rocky River, OH 44116
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    • $139,000
      0.07 Acres

      Residential Land in Rocky River

      Land for sale in Rocky River, Ohio.
      416 Riverdale Dr, Rocky River, OH 44116
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    • $250,000
      Pending

      Rocky River Vacant Lot Opportunity

      Vacant lot with picturesque views, ideal for custom home.
      Riverdale Dr, Rocky River, OH 44116
      View Details
    • $399,000
      2,340 SF

      Rocky River Multifamily Investment Opportunity

      Well-maintained duplex with income potential in desirable Rocky River.
      19658 Hilliard Blvd, Rocky River, OH 44116
      View Details
    • Contact for pricing
      2,340 SF

      Rocky River Multifamily Investment Opportunity

      Well-maintained multifamily property with income potential in desirable Rocky River.
      19658 Hilliard Blvd, Rocky River, OH 44116
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,500 SF

      Prime Retail Space in Rocky River

      Retail space with high visibility in affluent Rocky River.
      19801 Detroit Rd, Rocky River, OH 44116
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    • Contact for pricing

      Retail Space in Rocky River

      Retail spaces available in Westwood Town Center, Rocky River.
      21653 Center Ridge Rd, Rocky River, OH 44116
      View Details
    • Contact for pricing
      2,100 SF

      Retail and Office Space Available

      Ground floor retail and second floor office/medical space for rent.
      19290-19300 Detroit Rd, Rocky River, OH 44116
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 4,250 square feet.
      21810 Center Ridge Rd, Rocky River, OH 44116
      View Details
    • Contact for pricing
      3,441 SF

      Retail and Office Space Available

      Ground floor retail and second floor office/medical space for rent.
      19290 Detroit Rd, Rocky River, OH 44116
      View Details
    • $12 SF/Yr
      51,000 SF

      20575 Center Ridge Rd

      Office Units
      20575 Center Ridge Rd, Rocky River, OH 44116
      View Details
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    Rocky River, OH 44116
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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.

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