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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Manufacturing properties
12701 Plz Dr, Parma, OH 44130-1049
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-0754141
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1978
Construction
TYPE NOT SPECIFIED
Total area
11,415 SF
Lot
2 ac (87,076 SF)
Zoning code
RM
APN
441-26-005
UPID
US66-0754141
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
$475k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
$363k
Blend (final)
Blend
$520k
Owner & transaction history
12701 Plaza Drive Holdings LLC · 3 yrs held
12701 Plaza Drive Holdings LLC
since 2022
Last sale
$664,500
4 recorded transactions
Zoning & alternative use
RM · Parma, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$845,000
+71.6%
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 Parma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parma 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
$510,000
ML approach
$475,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$490,000
Current use
APARTMENT HOUSE (5+ UNITS)
$845,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $665k (Aug 22 2022)
Last sale anchor
$665k
Aug 22 2022
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
$46 / 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
$15,077
Tax year 2023
Assessed value
$175,530
Assessed 2023
Previous assessed
$175,530
+0.0% YoY
Effective rate
8.59%
On assessed value
Assessed land
$61,570
Assessed improvement
$113,960
Land market value
$175,900
Improvement market value
$325,600
Total market value
$501,500
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
11,415 SF
Lot
2 ac (87,076 SF)
Zoning code
RM
APN
441-26-005
UPID
US66-0754141
Jurisdiction
CUYAHOGA
Zoning & alternative use
RM · Parma, OH
Zoning RM · permitted uses
RM · Parma, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Parma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$490,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$845,000
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1978
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
12701 Plaza Drive Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
12999 PLZ DR, CLEVELAND, OH 44130-1053
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2022
$664,500
12701 Plaza Drive Holdings LLC
Plaza Drive Properties 1 LLC
Limited Warranty Deed
—
Oct 21, 2009
$405,000
Plaza Drive Properties 1 LLC
Haley,thomas & Debra
Warranty Deed
—
—
—
Plaza Drive Properties 1 LLC
—
Deed Of Trust
related
$141,944 · Kim B Brandenburg
—
—
Plaza Drive Properties 1 LLC
—
Deed Of Trust
related
$283,886 · David C Wilmot
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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