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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Medical Office Space
14100 Cedar Rd Cleveland, OH 44121-3212
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-1282380
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1977
Construction
TYPE NOT SPECIFIED
Total area
40,293 SF
Lot
2.18 ac (94,831 SF)
Zoning code
U-9
APN
721-01-144
UPID
US66-1282380
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
-
Waterstone Medical Center Medical Clinic
-
Colonic Health and Wellness Alternative Medicine Practice Spa & Massage Center
-
Great Smiles by Design: Dr. Lynda Butler, DDS Dental Office
-
Farmers Insurance - Ciarra Nelson Insurance Agency
-
Dworkin Jeffrey DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.37M
Blend (final)
Blend
$815k
Owner & transaction history
Rock On Cleveland Opportunity · 8 yrs held
Rock On Cleveland Opportunity
since 2017
4 recorded transactions
Zoning & alternative use
U-9 · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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
$815k
Range $734k – $897k · ±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
$20 / 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
$84,284
Tax year 2023
Assessed value
$560,010
Assessed 2023
Previous assessed
$1,019,560
-45.1% YoY
Effective rate
15.05%
On assessed value
Assessed land
$348,500
Assessed improvement
$211,510
Land market value
$995,700
Improvement market value
$604,300
Total market value
$1,600,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1977
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
40,293 SF
Lot
2.18 ac (94,831 SF)
Zoning code
U-9
APN
721-01-144
UPID
US66-1282380
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-9 · Cleveland, OHZoning U-9 · permitted uses
U-9 · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1977
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
2.18 ac
Current owner
From public records · entity-resolved
Rock On Cleveland Opportunity
Individual
Mailing address
14077 CEDAR RD STE #204, CLEVELAND, OH 44118-3332
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2017
$2,800,000
Rock On Cleveland Opportunity
Wasserstein Family LP
Warranty Deed
$2,320,000 · Civista Bk
Dec 31, 2009
—
Wasserstein Family LP
—
Deed Of Trust
related
$1,650,000 · Liberty Bank
Jan 16, 1998
$2,000,000
Wasserstein Family LP
Farm Bureau Life Insurance Co
Grant Deed
$1,307,020 · Farm Bureau Life Insurance Co
Aug 12, 1997
—
Farm Bureau Life Insurance Co
May Medical Associates Ltd
Grant 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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