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Property profile & analytics
OFF-MARKET
Community centers
12540 Rockside Rd Garfield Heights, OH 44125-6237
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-0188906
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2021
Construction
TYPE NOT SPECIFIED
Total area
7,440 SF
Lot
0.93 ac (40,423 SF)
Zoning code
U-4
APN
543-13-010
UPID
US66-0188906
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
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
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
Aldi INC · 2 yrs held
Aldi INC
since 2024
7 recorded transactions
Zoning & alternative use
U-4 · Garfield Heights, 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 Garfield Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garfield 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
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
$12,736
Tax year 2023
Assessed value
$110,610
Assessed 2023
Previous assessed
$110,610
+0.0% YoY
Effective rate
11.51%
On assessed value
Assessed land
$56,600
Assessed improvement
$54,010
Land market value
$161,700
Improvement market value
$154,300
Total market value
$316,000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2021
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
7,440 SF
Lot
0.93 ac (40,423 SF)
Zoning code
U-4
APN
543-13-010
UPID
US66-0188906
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-4 · Garfield Heights, OH
Zoning U-4 · permitted uses
U-4 · Garfield Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Garfield Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Aldi INC
Entity
Free & Clear · 2 yrs held
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2024
—
Aldi INC
G G Garfield Commons 2012 LP
Lease
—
Feb 7, 2020
—
G Rockside 2018 LLC
Gg Garfield Commons 2012
Grant Deed
related
$8,625,000 · Miscellaneous Ins Co
Jul 2, 2019
—
12540 Rockside Road LLC
City Of Garfield Heights
Quitclaim Deed
related
—
Nov 27, 2018
—
Garfield Hts Land Reutilizatio
Sheriff Of Cuyahoga County|intihar LLC
Trust Deed
related
—
Jun 13, 2012
$5,700,000
G G Garfield Commons 2 LP
Cornachio,jack
Grant Deed
$4,000,000 · Pnc Bank
Oct 2, 2006
$500,000
J & J Slyman LLC
E & L Investors
Warranty Deed
—
—
—
G G Garfield Commons 2012 LP
—
Loan Modification
related
$8,625,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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