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Property profile & analytics
FOR LEASE
Office buildings
12200 Alameda Dr, Strongsville, OH 44149
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-5594649
For Lease
1 / 3
$3 SF/Yr
12200 Alameda Dr, Strongsville, OH 44149
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Construction
TYPE NOT SPECIFIED
Total area
8,340 SF
Lot
5.31 ac (231,381 SF)
Zoning code
GI
APN
392-23-019
UPID
US66-5594649
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
$6.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.09M
Blend (final)
Blend
$5.53M
Owner & transaction history
12200 Alameda LLC · 2 yrs held
12200 Alameda LLC
since 2023
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
GI · Strongsville, 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 Strongsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Strongsville 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
$6,475,000
ML approach
$6,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.53M
Range $4.97M – $6.08M · ±10% · vs last sale $5.50M (Dec 19 2023)
Last sale anchor
$5.50M
Dec 19 2023
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
$662 / 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
$126,485
Tax year 2023
Assessed value
$1,548,050
Assessed 2023
Previous assessed
$1,548,050
+0.0% YoY
Effective rate
8.17%
On assessed value
Assessed land
$132,930
Assessed improvement
$1,415,120
Land market value
$379,800
Improvement market value
$4,043,200
Total market value
$4,423,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1972
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
8,340 SF
Lot
5.31 ac (231,381 SF)
Zoning code
GI
APN
392-23-019
UPID
US66-5594649
Jurisdiction
CUYAHOGA
Zoning & alternative use
GI · Strongsville, OH
Zoning GI · permitted uses
GI · Strongsville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Strongsville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
5.31 ac
Current owner
From public records · entity-resolved
12200 Alameda LLC
Entity
Mailing address
8748 RDG RD, NORTH ROYALTON, OH 44133-1862
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2024
—
12200 Alameda LLC
—
Deed
related
$2,405,000 · Growth Capital Corp
Dec 19, 2023
$5,500,000
12200 Alameda LLC
Aic Income Fund Alameda LLC
Limited Warranty Deed
$2,950,000 · Jpmorgan Chase Bank NA
Oct 15, 2014
—
Aic Income Fund Alameda LLC
—
Deed Of Trust
related
$2,636,900 · Firstmerit Bk
Jun 12, 2014
$3,767,000
Aic Income Fund Alameda LLC
Tprf II Of Strongville LLC
Grant Deed
related
—
Jan 30, 2008
$2,900,000
Tprf II Of Strongsville LLC
Firstcal Indl 2 Acquisition L
Grant Deed
—
Oct 7, 2005
$60,982,818
Firstcal Industrial 2 Acquisit
Duke Realty Ohio
Grant Deed
—
Apr 30, 1997
$2,661,800
Duke Realty LP
Dyment Ltd
Grant Deed
—
—
—
Aic Income Fund Alameda LLC
—
Loan Modification
related
$40,000,000 · Firstmerit Bk
—
—
Tprf II Of Strongsville LLC
—
Deed Of Trust
related
$1,830,000 · Lincoln National Life Ins
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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