Property profile

1001-01003 Royalton Rd Broadview Heights, OH 44147

OFF-MARKET
Strip malls
Property ID
US66-1652684
8,106 SF 0.85 ac lot Built 1976
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1976
Construction TYPE NOT SPECIFIED
Total area 8,106 SF
Lot 0.85 ac (37,107 SF)
Zoning code C-4
APN 583-04-023
UPID US66-1652684

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1001-01003 Royalton Rd Broadview Heights, OH 44147
Broadview Heights metro Census 136104 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$790k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$780k

Owner & transaction history

since 2021
Last sale
$850,000
3 recorded transactions
2021
$850,000
2006
Price N/A
2005
Price N/A

Zoning & alternative use

C-4 · Broadview Heights, OH
Zoning description

4: DISTRICTS GENERALLY AND ZONE MAP CHAPTER 1266: CLASSIFICATION OF USES CHAPTER 1268: CLASS A DISTRICTS CHAPTER 1272: CLASS B-3 DISTRICTS CHAPTER 1275: CLASS B-5 DISTRICTS CHAPTER 1276: BUSINESS DISTRICTS CHAPTER 1277:…

General category COMMERCIAL
Top alternative use upside
Office building $1.3M +59.7%
Medical building $880,000 +7.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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