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Property profile & analytics
OFF-MARKET
Estimated value
$4,040,000
Office buildings
15100 Neo Pkwy 200 Garfield Heights, OH 44128-3152
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1517053
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
TYPE NOT SPECIFIED
Total area
42,480 SF
Lot
3.02 ac (131,682 SF)
Zoning code
U-11B
APN
546-27-005
UPID
US66-1517053
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
$5.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$4.04M
Owner & transaction history
Neo Park Five LLC · 4 yrs held
Neo Park Five LLC
since 2021
Last sale
$4.2M
5 recorded transactions
Zoning & alternative use
U-11B · Garfield 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 Garfield Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garfield 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
$5,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.04M
Range $3.64M – $4.44M · ±10% · vs last sale $4.23M (Nov 9 2021)
Last sale anchor
$4.23M
Nov 9 2021
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
$95 / 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
$76,686
Tax year 2023
Assessed value
$656,290
Assessed 2023
Previous assessed
$656,290
+0.0% YoY
Effective rate
11.68%
On assessed value
Assessed land
$66,680
Assessed improvement
$589,610
Land market value
$190,500
Improvement market value
$1,684,600
Total market value
$1,875,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
42,480 SF
Lot
3.02 ac (131,682 SF)
Zoning code
U-11B
APN
546-27-005
UPID
US66-1517053
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-11B · Garfield Heights, OH
Zoning U-11B · permitted uses
U-11B · Garfield Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Garfield Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.02 ac
Current owner
From public records · entity-resolved
Neo Park Five LLC
Entity
Mailing address
15100 NEO PKWY, GARFIELD HEIGHTS, OH 44128
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2024
—
Ld Di Assetco LLC
—
Deed
related
$423,770,433 · Wilmington Trust NA
Nov 9, 2021
$4,231,600
Neo Park Five LLC
Neo Park Limited
Limited Warranty Deed
—
Aug 12, 2010
—
Neo Park Ltd
—
Deed Of Trust
related
$1,523,858 · Klotzman Fred W (te)
—
—
Neo Park Ltd
—
Deed Of Trust
related
$1,097,948 · Derf Ltd
—
—
Neo Park Ltd
—
Deed Of Trust
related
$666,844 · Klotzman Judith (te)
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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