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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Warehouses
1319 Schaaf Rd, Brooklyn Heights, OH 44131-1323
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-0079934
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2017
Total area
8,650 SF
Lot
0.65 ac (28,184 SF)
Zoning code
LI
APN
531-30-005
UPID
US66-0079934
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
$360k
CAP Approach
CAP
$665k
Comparable Approach
Comparable
$742k
Blend (final)
Blend
$540k
Owner & transaction history
Large Land LLC · 10 yrs held
Large Land LLC
since 2015
3 recorded transactions
Zoning & alternative use
LI · Brooklyn Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$875,000
+97.8%
Auto repair, garage
$770,000
+73.7%
Commercial (general)
$715,000
+61.8%
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 Brooklyn Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn 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
by Request
ML approach
$360,000
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$615,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$445,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$875,000
Change: +98% · Conversion: Moderate
AUTO REPAIR, GARAGE
$770,000
Change: +74% · Conversion: Easy
COMMERCIAL (GENERAL)
$715,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$640,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$62 / 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
$17,667
Tax year 2023
Assessed value
$290,500
Assessed 2023
Previous assessed
$290,500
+0.0% YoY
Effective rate
6.08%
On assessed value
Assessed land
$26,180
Assessed improvement
$264,320
Land market value
$74,800
Improvement market value
$755,200
Total market value
$830,000
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
2017
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Rooms
6
Bathrooms
1
Total area
8,650 SF
Lot
0.65 ac (28,184 SF)
Zoning code
LI
APN
531-30-005
UPID
US66-0079934
Jurisdiction
CUYAHOGA
Zoning & alternative use
LI · Brooklyn Heights, OH
Zoning LI · permitted uses
LI · Brooklyn Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brooklyn Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$445,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$875,000
AUTO REPAIR, GARAGE
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$715,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$640,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2017
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
6
Bathrooms
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Large Land LLC
Entity
Mailing address
1277 E SCHAAF RD, INDEPENDENCE, OH 44131-1301
Ownership since
2015
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
Aug 28, 2015
$150,000
Large Land LLC
Shear,donald & Donna
Warranty Deed
—
May 13, 2004
$120,000
Donald Shear
Mercomp INC
Grant Deed
$109,250 · Argent Mortgage Co LLC
—
—
Donald Shear
—
Deed Of Trust
related
$125,750 · Fremont Investment & Loan
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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