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Property profile & analytics
OFF-MARKET
Estimated value
$2,370,000
Hotels
1421 Golden Gate Blvd Mayfield Heights, OH 44124-1808
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-5731713
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1982
Construction
WOOD
Total area
41,568 SF
Lot
2.44 ac (106,291 SF)
Zoning code
U-4
APN
862-05-002
UPID
US66-5731713
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
$3.10M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.37M
Owner & transaction history
Heta Re L P · 8 yrs held
Heta Re L P
since 2018
7 recorded transactions
Zoning & alternative use
U-4 · Mayfield Heights, 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 Mayfield Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mayfield 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%
$3,355,000
6.5%
$3,100,000
7%
$2,875,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,700,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.37M
Range $2.13M – $2.61M · ±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
$57 / 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
$115,638
Tax year 2023
Assessed value
$1,279,260
Assessed 2023
Previous assessed
$1,279,260
+0.0% YoY
Effective rate
9.04%
On assessed value
Assessed land
$316,230
Assessed improvement
$963,030
Land market value
$903,500
Improvement market value
$2,751,500
Total market value
$3,655,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
3
Units
99
Bathrooms
103
Total area
41,568 SF
Lot
2.44 ac (106,291 SF)
Zoning code
U-4
APN
862-05-002
UPID
US66-5731713
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-4 · Mayfield Heights, OH
Zoning U-4 · permitted uses
U-4 · Mayfield Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mayfield Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.7M
AUTO REPAIR, GARAGE
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
1982
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
99
Bathrooms
103
Lot
2.44 ac
Current owner
From public records · entity-resolved
Heta Re L P
Individual
Mailing address
PO BOX 333, MARION, OH 43301-0333
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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 15, 2023
—
Heta Re LP
—
Deed
related
$3,900,000 · The Fahey Banking Co
Jul 23, 2018
$4,300,000
Heta Re L P
Le Reve Hospitality LLC
Warranty Deed
$4,590,000 · Bankunited Fsb
Nov 21, 2014
$2,400,000
Le Reve Hospitality LLC
Wolfe,william W
Grant Deed
$3,200,000 · West Town Svgs Bk
Sep 29, 2005
—
Port Hospitality LLC
Web-par Ltd
Quit Claim Deed
related
—
Aug 9, 2001
$2,906,300
Web-par Ltd
Marcs/forest City Mayfield
Grant Deed
$3,000,000 · Cit Lending Services Corp
Aug 9, 2001
$1,743,800
Marcs/forest City Mayfield
—
Trustees Deed
related
—
—
—
Port Hospitality LLC
—
Deed Of Trust
related
$3,300,000 · General Electric Capital 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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