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Property profile & analytics
OFF-MARKET
Estimated value
$11,300,000
Office buildings
12875 Corporate Dr, Parma, OH 44130-9324
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-5886308
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
TYPE NOT SPECIFIED
Total area
70,000 SF
Lot
5.49 ac (238,961 SF)
Zoning code
IP
APN
441-13-003
UPID
US66-5886308
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
$11.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.30M
Owner & transaction history
Prepco LLC · 7 yrs held
Prepco LLC
since 2018
7 recorded transactions
Zoning & alternative use
IP · Parma, 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 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%
$12,285,000
6.5%
$11,340,000
7%
$10,530,000
Blend value · Realmo final
$11.30M
Range $10.17M – $12.43M · ±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
$161 / 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
$131,853
Tax year 2023
Assessed value
$1,587,430
Assessed 2023
Previous assessed
$1,587,430
+0.0% YoY
Effective rate
8.31%
On assessed value
Assessed land
$211,230
Assessed improvement
$1,376,200
Land market value
$603,500
Improvement market value
$3,932,000
Total market value
$4,535,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
70,000 SF
Lot
5.49 ac (238,961 SF)
Zoning code
IP
APN
441-13-003
UPID
US66-5886308
Jurisdiction
CUYAHOGA
Zoning & alternative use
IP · Parma, OH
Zoning IP · permitted uses
IP · 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.
Building & site characteristics
From public records
Year built
2001
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
5.49 ac
Current owner
From public records · entity-resolved
Prepco LLC
Entity
Mailing address
4760 RICHMOND RD STE #200, CLEVELAND, OH 44128-5979
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2026
—
Gl Corporate Dr Propco LLC
—
Deed
related
$35,000,000 · Voya Investment Management LLC
Nov 15, 2018
$4,308,590
Prepco LLC
Great Lks Indl Portfolio Ab B
Grant Deed
—
Nov 15, 2018
$1,670,250
Gl Corporate Dr Propco LLC
Biynah Cleveland LLC
Grant Deed
—
Nov 15, 2018
$571,160
Gl Corporate Dr Propco LLC
Bip Cleveland LLC
Grant Deed
—
Nov 15, 2018
—
Entities Set Forth On Schedule
Great Lks Indl Portfolio Ab B
Grant Deed
related
$30,700,000 · Miscellaneous Ins Co
May 15, 2014
$4,625,000
Great Lakes Industrial Portfol
Cleveland Indl Portfolio LP
Warranty Deed
—
May 6, 2013
—
Cleveland Indl Portfolio LLC
—
Deed Of Trust
related
$33,604,000 · Pnc Bank
Dec 31, 2007
$5,600,000
Cleveland Indl Portfolio LLC
Family Ltd II
Grant Deed
—
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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