1 Merit Dr Richmond Heights, OH 44143-1457
Property profile & analytics
1 Merit Dr, Richmond Heights, OH 44143-1457
- Manufacturing properties
- 143,650 SF
- 40.00 lot acres
Property ID
US66-2374573
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Manufacturing properties
Property Details for 1 Merit Dr
- Year built
- 1988
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 40.00 lot acres
- Zone code
- I-2
- Property type
- Manufacturing properties
- APN
- 661-10-041
- APU
- 66110041
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 3, 2022 | $10,400,000 | Mtp 1 Merit Drive LLC | Nl Ventures Xi Richmond Heights LLC | Limited Warranty Deed | $525M · Bank Of Montreal |
| Mar 6, 2019 | $6,725,000 | Nl Ventures Xi Richmond Hts Ll | S-l Investment Management LLC | Grant Deed | — |
| Jun 16, 2005 | — | S-l Investment Management LLC | S-l Investment Ptshp | Quit Claim Deed · related | $4.9M · American General Life Ins |
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $7,965,000
- ML approach
- $9,285,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $9,835,000
- 6.5%
- $9,080,000
- 7%
- $8,430,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $10,388,000
- AI Estimate
- $13,370,000
Market price range: $2.98M - $11.0MMarket price range: $2.77M - $14.0M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $6,195,000 Current use
- MEDICAL BUILDING
- $15,610,000 Change: +152% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $14,550,000 Change: +135% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $12,780,000 Change: +106% Conversion: Easy
- COMMERCIAL (GENERAL)
- $11,905,000 Change: +92% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $10,630,000 Change: +72% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Richmond Heights
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.4899
- Latitude
- 41.5731
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$233,909
$60,030
$2,293,730
$2,353,760
-
$171,500
$6,553,500
$6,725,000
