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Property profile & analytics
FOR LEASE
Showrooms
1333 Highland Rd Macedonia, OH 44056
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US66-1842483
For Lease
1 / 2
$2,225,000
1333 Highland Rd, Macedonia, OH 44056
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1991
Total area
28,800 SF
Lot
13.04 ac (568,022 SF)
APN
62-00430
UPID
US66-1842483
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
Current use
Occupant on record · Public records
-
X-ray Parts Inc Warehouse & Storage
-
Deltarack Industrial Manufacturer Production Facility
-
RevAir Industrial Manufacturer Production Facility
-
Leading Edge Distribution Factory Production Facility
-
Harwood Motors Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$2.23M
Owner & transaction history
Albrecht INC · 13 yrs held
Albrecht INC
since 2013
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+97.1%
Auto repair, garage
$2.9M
+76.0%
Medical building
$2.7M
+65.7%
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 Macedonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Macedonia 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,625,000
Current use
RESTAURANT
$3,205,000
Change: +97% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,865,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$2,695,000
Change: +66% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,690,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$2,235,000
Change: +37% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,765,000
Change: +8% · Conversion: Moderate
RETAIL STORES
$1,690,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±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
$77 / 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
$119,312
Tax year 2023
Assessed value
$1,576,300
Assessed 2023
Previous assessed
$1,576,300
+0.0% YoY
Effective rate
7.57%
On assessed value
Assessed land
$402,490
Assessed improvement
$1,173,810
Land market value
$1,149,980
Improvement market value
$3,353,730
Total market value
$4,503,710
Applied tax rate
62.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1991
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
1
Total area
28,800 SF
Lot
13.04 ac (568,022 SF)
APN
62-00430
UPID
US66-1842483
Jurisdiction
SUMMIT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
RESTAURANT
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1991
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
13.04 ac
Current owner
From public records · entity-resolved
Albrecht INC
Entity
Mailing address
1333 HIGHLAND RD E, MACEDONIA, OH 44056-2396
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2013
—
Albrecht INC
—
Deed Of Trust
related
$2,500,000 · Key Bank NA
Jan 23, 2013
$3,000,000
Albrecht INC
Arsena Investments Co
Warranty Deed
—
Aug 24, 2000
$2,050,000
Arsena Investments Co
Taussig,dan A
Grant Deed
$1,050,000 · Fifth Third Bank Ne Ohio
—
—
Arsena Investments Co
—
Deed Of Trust
related
$250,000 · Charter One Bank
—
—
Arsena Investments Co
—
Deed Of Trust
related
$5,340,000 · Charter One Bank
—
—
Arsena Investments Co
—
Deed Of Trust
related
$160,000 · Liberty Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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