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Property profile & analytics
OFF-MARKET
Commercial land
12289 Rdg Rd North Royalton, OH 44133
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-1355717
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1957
Total area
2,378 SF
Lot
0.71 ac (31,080 SF)
Zoning code
OB
APN
488-01-001
UPID
US66-1355717
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wallings Ridge LLC · 3 yrs held
Wallings Ridge LLC
since 2022
Last sale
$115,000
2 recorded transactions
Zoning & alternative use
OB · North Royalton, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide Office Building Districts devoted exclusively to professionalservices, banking and other similar financialservicesand the management ofcommercial, industrial, public and semipublic institutions
Zone name
Office Building
General category
INDUSTRIAL
Zone area
7.56 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,341
Tax year 2023
Assessed value
$32,170
Assessed 2023
Previous assessed
$32,170
+0.0% YoY
Effective rate
7.28%
On assessed value
Assessed land
$32,170
Land market value
$91,900
Total market value
$91,900
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1957
Heating
HOT WATER
Stories
1
Rooms
5
Bathrooms
2
Total area
2,378 SF
Lot
0.71 ac (31,080 SF)
Zoning code
OB
APN
488-01-001
UPID
US66-1355717
Jurisdiction
CUYAHOGA
Zoning & alternative use
OB · North Royalton, OHZoning OB · permitted uses
OB · North Royalton, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide Office Building Districts devoted exclusively to professionalservices, banking and other similar financialservicesand the management ofcommercial, industrial, public and semipublic institutions
Zone name
Office Building
General category
INDUSTRIAL
Zone area
7.56 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1957
Heating
HOT WATER
Stories
1
Rooms
5
Bathrooms
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
Wallings Ridge LLC
Entity
Free & Clear · 3 yrs held
Mailing address
8094 SANDSTONE DR, SAGAMORE HILLS, OH 44067-1772
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
$115,000
Wallings Ridge LLC
Laura Uthoff
Warranty Deed
—
Apr 29, 2005
—
Catherine J Fikar
Fikar,joseph O
Affidavit Of Death
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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