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Property profile & analytics
OFF-MARKET
Estimated value
$3,215,000
Medical Office Space
12744 State Rd North Royalton, OH 44133-3910
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2415125
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Construction
TYPE NOT SPECIFIED
Total area
5,463 SF
Lot
1.56 ac (67,910 SF)
Zoning code
TCD
APN
488-05-010
UPID
US66-2415125
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
$3.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.22M
Owner & transaction history
Edward M Mathias · 4 yrs held
Edward M Mathias
since 2021
Last sale
$3.4M
4 recorded transactions
Zoning & alternative use
TCD · North Royalton, 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 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
$3,080,000
ML approach
$3,070,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.22M
Range $2.89M – $3.54M · ±10% · vs last sale $3.35M (Sep 20 2021)
Last sale anchor
$3.35M
Sep 20 2021
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
$589 / 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
$85,392
Tax year 2023
Assessed value
$1,173,380
Assessed 2023
Previous assessed
$548,740
+113.8% YoY
Effective rate
7.28%
On assessed value
Assessed land
$82,990
Assessed improvement
$1,090,390
Land market value
$237,100
Improvement market value
$3,115,400
Total market value
$3,352,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1993
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
5,463 SF
Lot
1.56 ac (67,910 SF)
Zoning code
TCD
APN
488-05-010
UPID
US66-2415125
Jurisdiction
CUYAHOGA
Zoning & alternative use
TCD · North Royalton, OH
Zoning TCD · permitted uses
TCD · 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.
Building & site characteristics
From public records
Year built
1993
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.56 ac
Current owner
From public records · entity-resolved
Edward M Mathias
Individual
Mailing address
937 CORBETT CYN RD, ARROYO GRANDE, CA 93420-5155
Ownership since
2021
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
Sep 20, 2021
$3,352,500
Edward M Mathias
Metzi Enterprises Ltd
Limited Warranty Deed
$2,514,375 · Navy FCU
Dec 29, 2020
—
Metzi Enterprises Ltd
Matthew J Frantz
Grant Deed
related
$440,000 · Buckeye Cmnty Bk
Jan 17, 2008
—
Frantz Julie M Trust
Metzi Ents Ltd
Warranty Deed
related
—
—
—
Matthew J Frantz
—
Deed Of Trust
related
$25,000 · Key Bank NA
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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