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    Property profile & analytics

    1 Merit Dr Richmond Heights, OH 44143-1457

    • Manufacturing properties
    • 143,650 SF
    • 40.00 lot acres
    OFF-MARKET
    Value Estimation
    $8,870,000
    Last Sale
    Mar 03, 2022
    $10,400,000
    Location Intelligence
    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.

    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
    Property size
    143,650 SF
    Zone code
    I-2
    Property type
    Manufacturing properties
    APN
    661-10-041
    APU
    66110041

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,965,000

    • CAP approach

      CAP return
      Estimation
      6%
      $9,785,000
      6.5%
      $9,930,000
      7%
      $9,770,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $10,820,000
      Geo Method
      $12,255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $9,755,000
      Retail
      $9,730,000
      Mixed-Use
      $10,565,000
      Hospitality
      $10,535,000
      Educational
      $11,180,000
      Residential Income
      $9,125,000
      Energy
      $10,940,000
      Income-Based Land
      $11,230,000
      Food Service
      $10,025,000

    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

    Comparable in this City

    • Value Estimation by Request
      1,660 SF

      24400 Highland Rd

      MANUFACTURING (LIGHT) • 1,660 SF
      24400 Highland Rd, Richmond Heights, OH 44143-2503
      View Details
    • Value Estimation
      $1,015,000
      144,000 SF

      701 Beta Dr

      MANUFACTURING (LIGHT) • 144,000 SF
      701 Beta Dr, Mayfield, OH 44143-2367
      View Details
    • Value Estimation
      $580,000
      19,380 SF

      685 Miner Rd

      MANUFACTURING (LIGHT) • 19,380 SF
      685 Miner Rd, Highland Heights, OH 44143-2115
      View Details
    • Value Estimation by Request
      16.61 Acres

      595 Miner Rd

      MANUFACTURING (LIGHT) • 16.61 Acres
      595 Miner Rd, Highland Heights, OH 44143-2131
      View Details
    • Value Estimation by Request
      40.00 Acres

      Miner Rd

      MANUFACTURING (LIGHT) • 40.00 Acres
      Miner Rd, Highland Heights, OH 44143
      View Details
    • Value Estimation
      $1,030,000
      37,770 SF

      5405 Avion Park Dr

      MANUFACTURING (LIGHT) • 37,770 SF
      5405 Avion Park Dr, Highland Heights, OH 44143-1918
      View Details

    Similar Nearby for Sale

    • $345,000
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      Highland Heights Industrial Land

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      Richmond Heights Commercial Land

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    • $38,000
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      Residential Land in Richmond Heights

      Undeveloped lot suitable for building a dream home.
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      View Details
    • $45,000
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      Wooded Acre Lot For Sale

      One acre wooded lot, build your dream home!
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      Residential Lot in Mayfield Village

      Buildable residential lot in Mayfield Village, convenient location, utilities available.
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      Richmond Road Land Parcel

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    Similar Nearby for Lease

    • $8 SF/Yr
      15,167 SF

      Highland Heights Warehouse Space Available

      15,167 SF warehouse space for lease in Highland Heights.
      5335 Avion Park Dr, Highland Heights, OH 44143
      View Details
    • Contact for pricing
      129,373 SF

      Richmond Heights Development Land

      2.97 Acres, Build-to-Suit
      26220 White Rd, Richmond Heights, OH 44143
      View Details
    • $7 SF/Yr
      3,450 SF

      Office and Technology Complex Space

      Flex/industrial space in park-like setting with on-site amenities.
      83 Alpha Dr, Highland Heights, OH 44143
      View Details
    • $7 SF/Yr
      10,435 SF

      Office and Technology Complex

      Office and technology complex in a park-like environment for lease.
      261 Alpha Dr, Highland Heights, OH 44143
      View Details
    • $975 /Mo
      5,445 SF

      Office/Warehouse Units For Lease

      Multiple office/warehouse units available, ranging from 1,800 – 8,727 SF.
      731 Beta Dr, Mayfield, OH 44143
      View Details
    • Contact for pricing
      64,904 SF

      Belle Oaks Marketplace

      Land
      641 Richmond Rd, Richmond Heights, OH 44143
      View Details
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    1 Merit Dr
    Richmond Heights, OH 44143-1457
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    Realmo Value Estimation

    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.

    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.

    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
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