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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Manufacturing properties
13821 Progress Pkwy North Royalton, OH 44133-4303
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1235227
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1972
Construction
TYPE NOT SPECIFIED
Total area
8,500 SF
Lot
4.1 ac (178,766 SF)
Zoning code
GI
APN
483-18-007
UPID
US66-1235227
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
$1.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.52M
Owner & transaction history
R J Realty Associates LP · 3 yrs held
R J Realty Associates LP
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
GI · North Royalton, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide General Industrial Districts for those products and processes which normally require a large amount of motor vehicles, trucking and railservicefor transportation of raw materials and finished products, but in which dust, smoke, fumes, glare, odors or other objectionable influences can be controlled
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
751.69 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.4M
+291.2%
Office building
$1.4M
+275.1%
Medical building
$925,000
+152.0%
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 North Royalton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Royalton 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
$1,480,000
ML approach
$1,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,435,000
Change: +291% · Conversion: Difficult
OFFICE BUILDING
$1,375,000
Change: +275% · Conversion: Difficult
MEDICAL BUILDING
$925,000
Change: +152% · Conversion: Difficult
Blend value · Realmo final
$1.52M
Range $1.36M – $1.67M · ±10% · vs last sale $1.59M (Mar 23 2023)
Last sale anchor
$1.59M
Mar 23 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
$178 / 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
$26,452
Tax year 2023
Assessed value
$363,480
Assessed 2023
Previous assessed
$363,480
+0.0% YoY
Effective rate
7.28%
On assessed value
Assessed land
$87,080
Assessed improvement
$276,400
Land market value
$248,800
Improvement market value
$789,700
Total market value
$1,038,500
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1972
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
1
Total area
8,500 SF
Lot
4.1 ac (178,766 SF)
Zoning code
GI
APN
483-18-007
UPID
US66-1235227
Jurisdiction
CUYAHOGA
Zoning & alternative use
GI · North Royalton, OHZoning GI · permitted uses
GI · North Royalton, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide General Industrial Districts for those products and processes which normally require a large amount of motor vehicles, trucking and railservicefor transportation of raw materials and finished products, but in which dust, smoke, fumes, glare, odors or other objectionable influences can be controlled
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
751.69 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$925,000
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
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
1972
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
4.1 ac
Current owner
From public records · entity-resolved
R J Realty Associates LP
Entity
Mailing address
300 S MAIN ST, SHARPSBURG, PA 15215-2139
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2023
—
R J Realty Associates LP
R J Realty INC
Intrafamily Transfer
related
—
Sep 26, 2022
$1,585,000
R J Realty INC
P&d Rental And Sales Co
Warranty Deed
—
—
—
P & D Rental & Sales Co
—
Deed Of Trust
related
$713,424 · Pnc Bank
—
—
P & D Rental & Sales Co
—
Deed Of Trust
related
$375,000 · Peoples Bk
—
—
P & D Rental & Sales Co
—
Deed Of Trust
related
$540,000 · Peoples Bk
—
—
P & D Rental & Sales Co
—
Deed Of Trust
related
$600,000 · Pnc Bank
—
—
P & D Rental & Sales Co
—
Deed Of Trust
related
$485,000 · National City 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.
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