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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Grocery and convenience stores
11209 State Rd North Royalton, OH 44133-3221
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-5632742
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2022
Construction
TYPE NOT SPECIFIED
Total area
2,325 SF
Lot
0.93 ac (40,500 SF)
Zoning code
LB
APN
488-08-007
UPID
US66-5632742
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
$450k
Comparable Approach
Comparable
$665k
Blend (final)
Blend
$665k
Owner & transaction history
Kollab Properties LLC · 5 yrs held
Kollab Properties LLC
since 2021
Last sale
$700,000
3 recorded transactions
Zoning & alternative use
LB · North Royalton, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Royalton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Royalton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$645,000
ML approach
$630,000
CAP Approach
CAP Return
Estimation
6%
$485,000
6.5%
$450,000
7%
$415,000
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $700k (Jul 20 2021)
Last sale anchor
$700k
Jul 20 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$286 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,553
Tax year 2023
Assessed value
$186,240
Assessed 2023
Previous assessed
$106,230
+75.3% YoY
Effective rate
7.28%
On assessed value
Assessed land
$101,710
Assessed improvement
$84,530
Land market value
$290,600
Improvement market value
$241,500
Total market value
$532,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2022
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
2,325 SF
Lot
0.93 ac (40,500 SF)
Zoning code
LB
APN
488-08-007
UPID
US66-5632742
Jurisdiction
CUYAHOGA
Zoning & alternative use
LB · North Royalton, OH
Zoning LB · permitted uses
LB · North Royalton, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Royalton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2022
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Kollab Properties LLC
Entity
Mailing address
1444 ADELAIDE ST, WESTLAKE, OH 44145-2468
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2022
—
Kollab Properties LLC
—
Deed
related
$250,000 · Countywide Prtroleum Company
Jul 20, 2021
$700,000
Kollab Properties LLC
Ronal Sposit
Warranty Deed
$300,000 · Ronal Sposit
Jul 12, 2011
—
Ronal Sposit
Sposit D J & C A Trust
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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