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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Office buildings
12800 Corporate Dr Parma, OH 44130-9311
Entity Owned
Free & Clear
Property ID
US66-1270787
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
TYPE NOT SPECIFIED
Total area
8,400 SF
Lot
3.89 ac (169,492 SF)
Zoning code
IP
APN
441-14-001
UPID
US66-1270787
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
$1.36M
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.25M
Owner & transaction history
J T L T LLC
J T L T LLC
Zoning & alternative use
IP · Parma, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide appropriate and convenient Industrial Park Districts with sufficient areas for carrying on industrially oriented office and research activities, providing commercial services, manufacturing and distributing goods to serve the community, to promote employment and to strengthen the economy of the community
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
150.26 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,475,000
6.5%
$1,360,000
7%
$1,265,000
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±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
$149 / 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
$74,362
Tax year 2023
Assessed value
$893,130
Assessed 2023
Previous assessed
$893,130
+0.0% YoY
Effective rate
8.33%
On assessed value
Assessed land
$149,800
Assessed improvement
$743,330
Land market value
$428,000
Improvement market value
$2,123,800
Total market value
$2,551,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
8,400 SF
Lot
3.89 ac (169,492 SF)
Zoning code
IP
APN
441-14-001
UPID
US66-1270787
Jurisdiction
CUYAHOGA
Zoning & alternative use
IP · Parma, OHZoning IP · permitted uses
IP · Parma, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide appropriate and convenient Industrial Park Districts with sufficient areas for carrying on industrially oriented office and research activities, providing commercial services, manufacturing and distributing goods to serve the community, to promote employment and to strengthen the economy of the community
Zone name
Industrial Park
General category
INDUSTRIAL
Zone area
150.26 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2002
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
3.89 ac
Current owner
From public records · entity-resolved
J T L T LLC
Entity
Free & Clear · 0 yrs held
Mailing address
12800 CORPORATE DR, CLEVELAND, OH 44130-9311
Mailing matches property
Yes
Owner-occupied
Yes
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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