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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Individual retail properties
11680 Royalton Rd North Royalton, OH 44133-4461
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-2025830
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1958
Construction
TYPE NOT SPECIFIED
Total area
39,069 SF
Lot
10.94 ac (476,677 SF)
Zoning code
PF
APN
483-09-001
UPID
US66-2025830
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
$930k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.08M
Owner & transaction history
Royal Redeemer Lutheran Church · 8 yrs held
Royal Redeemer Lutheran Church
since 2018
7 recorded transactions
Zoning & alternative use
PF · 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
by Request
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
GYM, HEALTH SPA
$825,000
Current use
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10%
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
$28 / 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
Assessed value
$3,249,120
Assessed 2023
Previous assessed
$3,249,120
+0.0% YoY
Assessed land
$229,810
Assessed improvement
$3,019,310
Land market value
$656,600
Improvement market value
$8,626,600
Total market value
$9,283,200
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1958
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
39,069 SF
Lot
10.94 ac (476,677 SF)
Zoning code
PF
APN
483-09-001
UPID
US66-2025830
Jurisdiction
CUYAHOGA
Zoning & alternative use
PF · North Royalton, OH
Zoning PF · permitted uses
PF · 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.
Alternative use value scenarios
Repositioning upside vs current use
GYM, HEALTH SPA Current
Est. value
$825,000
GYM, HEALTH SPA Current
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
1958
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Lot
10.94 ac
Current owner
From public records · entity-resolved
Royal Redeemer Lutheran Church
Entity
Mailing address
11680 ROYALTON RD, NORTH ROYALTON, OH 44133-4461
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2018
—
Royal Redeemer Lutheran Church
—
Deed
related
$169,115 · Lutheran Church Extension Fund
Dec 4, 2017
—
Royal Redeemer Lutheran Church
—
Deed
related
$182,190 · Lutheran Church Extension Fund
Nov 13, 2002
—
Redeemer Lutheran Church Royal
—
Deed Of Trust
related
$1,000,000 · District Lutheran Church Exten
Jun 25, 2002
—
Redeemer Lutheran Church Royal
—
Deed Of Trust
related
$1,000,000 · Ohio District Lutheran Church
Aug 20, 2001
—
Redeemer Lutheran Church Royal
—
Deed Of Trust
related
$1,300,000 · Lutheran Church Extension Fund
—
—
Redeemer Luther Church Royal
—
Deed Of Trust
related
$126,125 · Ohio Dist Lutheran Ch Ext Fund
—
—
Royal Redeemer Lutheran Church
—
Loan Modification
related
$182,190 · Lutheran Church Extension Fund
—
—
Royal Redeemer Lutheran Church
—
Loan Modification
related
$169,115 · Lutheran Church Extension Fund
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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