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Property profile & analytics
OFF-MARKET
Estimated value
$4,925,000
Community centers
11217 Buckeye Rd 11501 Cleveland, OH 44104-3821
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-1516195
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1990
Construction
TYPE NOT SPECIFIED
Total area
61,324 SF
Lot
10.44 ac (454,701 SF)
Zoning code
SC
APN
128-08-003
UPID
US66-1516195
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
$4.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.33M
Blend (final)
Blend
$4.93M
Owner & transaction history
Ibis Buckeye Plaza LLC · 6 yrs held
Ibis Buckeye Plaza LLC
since 2020
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
SC · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.7M
+7.3%
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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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
$3,930,000
ML approach
$4,765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,210,000
Current use
MEDICAL BUILDING
$6,665,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,455,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,080,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$4.93M
Range $4.43M – $5.42M · ±10% · vs last sale $4.80M (Jan 6 2020)
Last sale anchor
$4.80M
Jan 6 2020
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
$80 / 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
$167,785
Tax year 2023
Assessed value
$1,680,010
Assessed 2023
Previous assessed
$1,680,010
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$238,740
Assessed improvement
$1,441,270
Land market value
$682,100
Improvement market value
$4,117,900
Total market value
$4,800,000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1990
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
61,324 SF
Lot
10.44 ac (454,701 SF)
Zoning code
SC
APN
128-08-003
UPID
US66-1516195
Jurisdiction
CUYAHOGA
Zoning & alternative use
SC · Cleveland, OH
Zoning SC · permitted uses
SC · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
10.44 ac
Current owner
From public records · entity-resolved
Ibis Buckeye Plaza LLC
Entity
Mailing address
PO BOX 2155, HADDONFIELD, NJ 08033-0889
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2024
—
Ibis Buckeye Plaza LLC
—
Deed
related
$4,300,000 · First Merchants Bank
Jan 6, 2020
$4,800,000
Ibis Buckeye Plaza LLC
Gar Buckeye LP
Grant Deed
$3,300,000 · Korth Direct Mtg LLC
Jan 6, 2020
—
Ibis Buckeye Plaza LLC
—
Deed
related
$3,300,000 · Korth Direct Mtg LLC
May 6, 2011
$10,000,000
Gar Buckeye LP
E & A Northeast LP
Deed Of Trust
related
$28,900,000 · Cibx Commercial Mortgage LLC
Nov 1, 2004
—
Buckeye LLC
E & A Northeast
Quit Claim Deed
related
—
Aug 27, 1998
$12,209,100
E LP
Buckey-finast LP
Grant Deed
—
—
—
Ibis Buckeye Plaza LLC
—
Deed Of Trust
related
$3,300,000 · Korth Direct Mtg LLC
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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