Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    12744 State Rd North Royalton, OH 44133-3910

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12744 State Rd North Royalton, OH 44133-3910

    View on Map
    • Medical Office Space
    • 5,463 SF
    • 1.56 lot acres
    Off-Market
    Last Sale Sep 20, 2021
    $3,352,500
    Property ID
    US66-2415125
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,215,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 12744 State Rd

    Year built
    1993
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.56 lot acres
    Property size
    5,463 SF
    Zone code
    TCD
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    488-05-010
    APU
    48805010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,080,000
      ML approach
      $3,070,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Royalton
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7254
    Latitude
    41.3212
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $85,392
    $82,990
    $1,090,390
    $1,173,380
    -
    $237,100
    $3,115,400
    $3,352,500

    Comparable in this City

    • Value Estimation by Request
      4,472 SF

      6391 Royalton Rd

      MEDICAL BUILDING • 4,472 SF
      6391 Royalton Rd, North Royalton, OH 44133-4922
      View Details
    • Value Estimation by Request
      4,820 SF

      6466 Royalton Rd

      MEDICAL BUILDING • 4,820 SF
      6466 Royalton Rd, North Royalton, OH 44133
      View Details
    • Value Estimation by Request
      2,292 SF

      8523 Rdg Rd

      MEDICAL BUILDING • 2,292 SF
      8523 Rdg Rd, North Royalton, OH 44133-1856
      View Details
    • Value Estimation by Request
      1,800 SF

      14320 Rdg Rd

      MEDICAL BUILDING • 1,800 SF
      14320 Rdg Rd, North Royalton, OH 44133-4936
      View Details
    • Value Estimation
      $2,220,000
      57,156 SF

      12799 Doula Ln

      HOMES (RETIRED, NURSING) • 57,156 SF
      12799 Doula Ln, North Royalton, OH 44133-1020
      View Details
    • Value Estimation by Request
      2.77 Acres

      12637 Sprague Rd

      HOMES (RETIRED, NURSING) • 2.77 Acres
      12637 Sprague Rd, North Royalton, OH 44133-1053
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      High-Visibility Commercial Lot Available

      Prime corner lot suitable for retail, office, or food service.
      14030 State Rd, North Royalton, OH 44133
      View Details
    • Contact for pricing

      Prime Development Site in Ohio

      1.15-acre development site in North Royalton, Ohio.
      5389 Royalton Rd, North Royalton, OH 44133
      View Details
    • $235,000
      Pending

      Land Overlooking Mill Stream Reservation

      3.18 acres with panoramic views in North Royalton, Ohio.
      11861 Edgerton Rd, North Royalton, OH 44133
      View Details
    • $1,350,000
      18,921 SF

      Industrial Building with Crane

      Well-maintained industrial building featuring a 5-ton crane.
      9940 York Alpha Dr, North Royalton, OH 44133
      View Details
    • $450,000
      45.36 Acres

      North Royalton Land For Sale

      45.36 acre land parcel in North Royalton, Ohio.
      6436 Cady Rd, North Royalton, OH 44133
      View Details
    • Contact for pricing

      North Royalton Land For Sale

      1.93 acre commercial land in North Royalton, Ohio.
      13287 York Rd, North Royalton, OH 44133
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Office Space Available

      Discount Drug Mart anchored center with retail and office spaces.
      5500 Wallings Rd, North Royalton, OH 44133
      View Details
    • $850 /Mo
      5,859 SF

      Office Space in Business Park

      Office space with private kitchen, conference room, and multiple offices.
      8050 Corporate Cir, North Royalton, OH 44133
      View Details
    • $300 /Mo
      5,859 SF

      Versatile Office Space For Rent

      Lower-level office space in a high-traffic North Royalton area.
      8050 Corporate Cir, North Royalton, OH 44133
      View Details
    • Contact for pricing

      Office Suite in North Royalton

      640 SF office suite with natural light for rent.
      6785 Wallings Rd, North Royalton, OH 44133
      View Details
    • $8,000 /Mo
      75,054 SF

      North Royalton Industrial Space Available

      Industrial space for lease in North Royalton, Ohio.
      13951 Progress Pkwy, North Royalton, OH 44133
      View Details
    • Contact for pricing

      Warehouse and Office Space Available

      3,700 SF warehouse with office space for lease.
      12492 York Rd, North Royalton, OH 44133
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12744 State Rd
    North Royalton, OH 44133-3910
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!