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Property profile & analytics
OFF-MARKET
Estimated value
$72,115,000
Parking lots & garages
14060 Cedar Rd University Heights, OH 44118-3217
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1403542
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2002
Construction
CONCRETE
Total area
860,106 SF
Lot
4.04 ac (176,113 SF)
Zoning code
U-9
APN
721-01-003
UPID
US66-1403542
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$80.24M
Blend (final)
Blend
$72.12M
Owner & transaction history
Cclrc University Heights I LLC · 1 yrs held
Cclrc University Heights I LLC
since 2025
3 recorded transactions
Zoning & alternative use
U-9 · University Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is to permit and encourage a mixture of uses including higher density residential, offices, limited retail, and civic uses in a manner which ensures the area is functionally competitive in today's housing and retail markets
Zone name
Cedar Center District
General category
CIVIC_INSTITUTIONAL
Zone area
41.09 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
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
Blend value · Realmo final
$72.12M
Range $64.90M – $79.33M · ±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
$84 / 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
$106,209
Tax year 2023
Assessed value
$693,000
Assessed 2023
Previous assessed
$693,000
+0.0% YoY
Effective rate
15.33%
On assessed value
Assessed land
$554,750
Assessed improvement
$138,250
Land market value
$1,585,000
Improvement market value
$395,000
Total market value
$1,980,000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
NONE
Cooling
NONE
Stories
5
Total area
860,106 SF
Lot
4.04 ac (176,113 SF)
Zoning code
U-9
APN
721-01-003
UPID
US66-1403542
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-9 · University Heights, OHZoning U-9 · permitted uses
U-9 · 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 to permit and encourage a mixture of uses including higher density residential, offices, limited retail, and civic uses in a manner which ensures the area is functionally competitive in today's housing and retail markets
Zone name
Cedar Center District
General category
CIVIC_INSTITUTIONAL
Zone area
41.09 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
5
Lot
4.04 ac
Current owner
From public records · entity-resolved
Cclrc University Heights I LLC
Entity
Free & Clear · 1 yrs held
Mailing address
812 HURON RD E STE #800, CLEVELAND, OH 44115-1167
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Apr 15, 2025
—
Cclrc University Heights I LLC
Cuyahoga County Land Reutilization
Quitclaim Deed
related
—
Sep 23, 2024
—
Cuyahoga County Land Reutilization
University Square Parking LLC
Quit Claim Deed
related
—
Mar 29, 2002
$318,400
University Square Parking LLC
Starwood Wasserman University
Quit Claim Deed
related
—
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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