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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Warehouses
13179 Cedar Rd Cleveland Heights, OH 44118-2724
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1302799
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1925
Construction
TYPE NOT SPECIFIED
Total area
24,124 SF
Lot
0.54 ac (23,400 SF)
Zoning code
C2-X
APN
684-22-020
UPID
US66-1302799
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
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$948k
Blend (final)
Blend
$905k
Owner & transaction history
Douglas Building LLC · 3 yrs held
Douglas Building LLC
since 2023
Last sale
$900,000
3 recorded transactions
Zoning & alternative use
C2-X · Cleveland Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
, side yard transition zones shall be designed in accordance with Section 1131.16 Side Yard Transition Zones Standards. (c) Frontage Zone Requirements: Frontage zone requirements shall be as set forth in Section 1131.15 C2-X Frontage Standards. (d) District Boundaries: All properties within a C-2X District shall be within convenient walking distance of a sys…
Zone name
Commercial High Density
General category
COMMERCIAL
Zone area
70.24 ac
Source
Zoning Code adopted 20240116
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 Cleveland Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland Heights 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
$580,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,235,000
Current use
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $900k (Feb 27 2023)
Last sale anchor
$900k
Feb 27 2023
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
$38 / 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
$37,797
Tax year 2023
Assessed value
$321,620
Assessed 2023
Previous assessed
$321,620
+0.0% YoY
Effective rate
11.75%
On assessed value
Assessed land
$40,950
Assessed improvement
$280,670
Land market value
$117,000
Improvement market value
$801,900
Total market value
$918,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1925
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Bathrooms
1
Total area
24,124 SF
Lot
0.54 ac (23,400 SF)
Zoning code
C2-X
APN
684-22-020
UPID
US66-1302799
Jurisdiction
CUYAHOGA
Zoning & alternative use
C2-X · Cleveland Heights, OHZoning C2-X · permitted uses
C2-X · Cleveland Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
, side yard transition zones shall be designed in accordance with Section 1131.16 Side Yard Transition Zones Standards. (c) Frontage Zone Requirements: Frontage zone requirements shall be as set forth in Section 1131.15 C2-X Frontage Standards. (d) District Boundaries: All properties within a C-2X District shall be within convenient walking distance of a system of public par king facilities, and the District shall contain one or more busine
Zone name
Commercial High Density
General category
COMMERCIAL
Zone area
70.24 ac
Source
Zoning Code adopted 20240116
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
WAREHOUSE, STORAGE Current
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
1925
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Douglas Building LLC
Entity
Mailing address
5308 13TH AVE #226, BROOKLYN, NY 11219-5198
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2023
—
Douglas Building LLC
—
Deed
related
$708,750 · The Farmers National Bank Of Canfield
Feb 27, 2023
$900,000
Douglas Building LLC
Interstate Development LP
Limited Warranty Deed
$708,750 · The Farmers National Bank Of Canfield
Feb 1, 2023
—
Douglas Building LLC
—
Deed
related
$708,750 · The Farmers National Bank Of Canfield
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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