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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Strip malls
1220 Som Ctr Rd Mayfield Heights, OH 44124-2002
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-6308806
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Construction
WOOD
Total area
7,714 SF
Lot
0.87 ac (37,815 SF)
Zoning code
U-4B
APN
862-18-025
UPID
US66-6308806
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
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$825k
Blend (final)
Blend
$685k
Owner & transaction history
1220 Som Center Road LLC · 7 yrs held
1220 Som Center Road LLC
since 2019
7 recorded transactions
Zoning & alternative use
U-4B · Mayfield Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to promote Planned Office and Restrictive Service uses
Zone name
Planned Office And Restrictive Service
General category
UNKNOWN
Zone area
4.12 ac
Source
Realmo
Top alternative use upside
Medical building
$840,000
+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 Mayfield Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mayfield Heights 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
$420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$780,000
Current use
MEDICAL BUILDING
$840,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$685,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$640,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$89 / 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
$44,923
Tax year 2023
Assessed value
$496,970
Assessed 2023
Previous assessed
$496,970
+0.0% YoY
Effective rate
9.04%
On assessed value
Assessed land
$198,520
Assessed improvement
$298,450
Land market value
$567,200
Improvement market value
$852,700
Total market value
$1,419,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2001
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,714 SF
Lot
0.87 ac (37,815 SF)
Zoning code
U-4B
APN
862-18-025
UPID
US66-6308806
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-4B · Mayfield Heights, OHZoning U-4B · permitted uses
U-4B · Mayfield Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to promote Planned Office and Restrictive Service uses
Zone name
Planned Office And Restrictive Service
General category
UNKNOWN
Zone area
4.12 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$780,000
MEDICAL BUILDING
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$640,000
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
2001
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
1220 Som Center Road LLC
Entity
Mailing address
6343 WOODHAWK DR, CLEVELAND, OH 44124-4154
Ownership since
2019
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
Nov 30, 2021
—
1220 Som Center Road LLC
—
Deed
related
$1,720,000 · Cardinal Cu INC
Apr 15, 2019
—
1220 Som Center Road LLC
Manners Investment LP
Grant Deed
related
$1,414,000 · Us Bk
Nov 22, 2017
—
Manners Investment LP
—
Deed
related
$1,100,000 · Middlefield Bkng
Feb 28, 2012
—
Investment LP Manners
—
Deed Of Trust
related
$1,650,000 · Huntington National Bank
Jan 9, 2004
$1,575,000
Investment LP Manners
C R Green LP
Grant Deed
$3,900,000 · Huntington National Bank
—
—
Investment LP Manners
—
Deed Of Trust
related
$1,250,000 · Liberty Bank
—
—
Manners Investment LP
—
Deed Of Trust
related
$1,100,000 · Middlefield Bkng
—
—
Investment Manners
—
Deed Of Trust
related
$1,350,000 · Huntington National Bank
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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