Back to Search
Property profile & analytics
OFF-MARKET
Office buildings
13504 Cedar Rd University Heights, OH 44118-2638
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-2257636
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1958
Construction
WOOD
Total area
2,927 SF
Lot
0.36 ac (15,555 SF)
Zoning code
U-2
APN
722-01-079
UPID
US66-2257636
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Latrisha Weems · 2 yrs held
Latrisha Weems
since 2023
Last sale
$250,000
5 recorded transactions
Zoning & alternative use
U-2 · University Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is intended to provide two family residential uses
Zone name
Two Family Residence District
General category
RESIDENTIAL
Zone area
71.43 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 University Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs University 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,921
Tax year 2023
Assessed value
$85,020
Assessed 2023
Previous assessed
$85,020
+0.0% YoY
Effective rate
15.20%
On assessed value
Assessed land
$27,230
Assessed improvement
$57,790
Land market value
$77,800
Improvement market value
$165,100
Total market value
$242,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1958
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Rooms
10
Bathrooms
1
Total area
2,927 SF
Lot
0.36 ac (15,555 SF)
Zoning code
U-2
APN
722-01-079
UPID
US66-2257636
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-2 · University Heights, OHZoning U-2 · permitted uses
U-2 · University Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District is intended to provide two family residential uses
Zone name
Two Family Residence District
General category
RESIDENTIAL
Zone area
71.43 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1958
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Rooms
10
Bathrooms
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Latrisha Weems
Individual
Mailing address
13504 CEDAR RD, UNIVERSITY HEIGHTS, OH 44118-2638
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2023
$250,000
Latrisha Weems
Renita Cole
Limited Warranty Deed
$250,000 · Anthony Peters
Sep 16, 2005
$84,900
Anthony Peters
Cole,renita
Quit Claim Deed
related
—
Jun 24, 2005
$254,700
Renita Cole
Watley Robin Trust
Quit Claim Deed
related
—
Jun 24, 2005
—
Roger Cole JR.
Watley-peters,robin D
Affidavit Of Death
related
—
—
—
Ribon D Watley Trustee
—
Deed Of Trust
related
$127,500 · Equity One Credit Corp
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 13504 Cedar Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
