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Property profile & analytics
OFF-MARKET
Estimated value
$10,035,000
Warehouses
12300 Rdg Rd North Royalton, OH 44133-3745
Entity Owned
Free & Clear
Property ID
US66-1665266
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
TYPE NOT SPECIFIED
Total area
173,385 SF
Lot
22.97 ac (1,000,573 SF)
Zoning code
R1-A
APN
482-26-021
UPID
US66-1665266
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
$13.31M
Comparable Approach
Comparable
$6.62M
Blend (final)
Blend
$10.04M
Owner & transaction history
VERIZON PROPERTY TAX DEPT
VERIZON PROPERTY TAX DEPT
Zoning & alternative use
R1-A · North Royalton, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$16.2M
+82.1%
Auto repair, garage
$15.4M
+73.7%
Commercial (general)
$14.4M
+61.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$14,415,000
6.5%
$13,305,000
7%
$12,355,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,880,000
Current use
APARTMENT HOUSE (5+ UNITS)
$16,170,000
Change: +82% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,425,000
Change: +74% · Conversion: Easy
COMMERCIAL (GENERAL)
$14,370,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$10.04M
Range $9.03M – $11.04M · ±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
$58 / 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
$254,256
Tax year 2023
Assessed value
$3,493,770
Assessed 2023
Previous assessed
$3,493,770
+0.0% YoY
Effective rate
7.28%
On assessed value
Assessed land
$304,920
Assessed improvement
$3,188,850
Land market value
$871,200
Improvement market value
$9,111,000
Total market value
$9,982,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
173,385 SF
Lot
22.97 ac (1,000,573 SF)
Zoning code
R1-A
APN
482-26-021
UPID
US66-1665266
Jurisdiction
CUYAHOGA
Zoning & alternative use
R1-A · North Royalton, OH
Zoning R1-A · permitted uses
R1-A · 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
WAREHOUSE, STORAGE Current
Est. value
$8.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.2M
AUTO REPAIR, GARAGE
Est. value
$15.4M
COMMERCIAL (GENERAL)
Est. value
$14.4M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
1985
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
22.97 ac
Current owner
From public records · entity-resolved
VERIZON PROPERTY TAX DEPT
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 521807, LONGWOOD, FL 32752-1807
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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