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Property profile & analytics
FOR LEASE
Warehouses
14600 Industrial Ave South Maple Heights, OH 44137
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-2427759
For Lease
1 / 3
$810,000
14600 Industrial Ave South, Maple Heights, OH 44137
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Construction
TYPE NOT SPECIFIED
Total area
31,270 SF
Lot
3.63 ac (158,166 SF)
Zoning code
O/I
APN
784-23-029
UPID
US66-2427759
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
$875k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$777k
Blend (final)
Blend
$810k
Owner & transaction history
Vadakin Family LP · 6 yrs held
Vadakin Family LP
since 2020
Last sale
$700,000
4 recorded transactions
Zoning & alternative use
O/I · Maple Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Maps – City of Maple Heights
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 Maple Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maple 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
$845,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $700k (Feb 10 2020)
Last sale anchor
$700k
Feb 10 2020
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
$26 / 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
$26,942
Tax year 2023
Assessed value
$245,000
Assessed 2023
Previous assessed
$245,000
+0.0% YoY
Effective rate
11.00%
On assessed value
Assessed land
$9,240
Assessed improvement
$235,760
Land market value
$26,400
Improvement market value
$673,600
Total market value
$700,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1994
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
31,270 SF
Lot
3.63 ac (158,166 SF)
Zoning code
O/I
APN
784-23-029
UPID
US66-2427759
Jurisdiction
CUYAHOGA
Zoning & alternative use
O/I · Maple Heights, OHZoning O/I · permitted uses
O/I · Maple Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Maps – City of Maple Heights
Building & site characteristics
From public records
Year built
1994
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.63 ac
Current owner
From public records · entity-resolved
Vadakin Family LP
Entity
Mailing address
18222 LANKEN AVE, CLEVELAND, OH 44119-3214
Ownership since
2020
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
Mar 13, 2023
—
Vadakin Family Limited Partnership
—
Deed
related
$367,814 · First Fsla Of Lakewood
Feb 10, 2020
$700,000
Vadakin Family LP
Harris Andrew J Living Trust
Warranty Deed
$496,846 · First Fed'l S&l/lakewood
Feb 6, 2012
—
E Scot Kennedy
—
Deed Of Trust
related
$3,595,767 · Pnc Bank
Apr 6, 2007
$1,300,000
Harris Andrew J Living Trust
Industrial Arms INC
Grant Deed
—
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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