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Financial
Distress signals
Property profile

16651 Sprague Rd Strongsville, OH 44136

FOR SALE
Other warehouses
Property ID
US66-0169316
38,702 SF 15.51 ac lot Built 1968
Last sale Nov 2022 · $1,956,150
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is land featuring an existing approximately 1.1-acre parking lot with approximately 137 parking spaces. The site has visibility from the highway and is located on Sprague Road, where utilities are available. It is zoned for Research & Development and has a partially cleared site condition suitable for potential new improvements.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$50k
Tax billed · 2023
Assessed value$616k
Assessed land$376k
Assessed improvement$240k
Effective rate8.17%

Value estimate

· Oct 2026
$1.52M
$1.36M – $1.67M
AI approach$1.99M
Submarket $/SF estimate$2.53M

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$51/SF
Submarket average, outlier-cleaned · 762 recorded sales of this use type
Observed band · Q1–Q3$25 – $86
Qualifying comparables12

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RD
Research-Development, Commercial Service, General Industrial and Aviation Field Districts and their regulations to provide, in appropriat...
General categoryINDUSTRIAL
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.3
Dental Office14.0
Hair Salon13.5

Location

16651 Sprague Rd Strongsville, OH 44136
County assessor Recorded deeds · 7 transfers 12 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8810 Pearl, Strongsville, OH 44136-1730 $2,193,600 Jun 2025 5,114 SF
12655 Pearl, Strongsville, OH 44136-3419 $150,000 Nov 2023 1,247 SF
8600 Pearl, Strongsville, OH 44136-1644 $475,000 Nov 2022 3,175 SF
16651 Sprague, Strongsville, OH 44136-1757 $1,956,150 Nov 2022 No data
8260 Dow, Strongsville, OH 44136-1762 $250,000 May 2022 No data
8150 Dow, Strongsville, OH 44136-1792 $250,000 May 2022 23,842 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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