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Property profile & analytics
OFF-MARKET
Medical Office Space
15424 Bagley Rd, Middleburg Heights, OH 44130-4826
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US66-0356968
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
WOOD
Total area
2,746 SF
Lot
0.45 ac (19,600 SF)
Zoning code
OB
APN
372-28-020
UPID
US66-0356968
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Postel Properties LLC · 22 yrs held
Postel Properties LLC
since 2003
6 recorded transactions
Zoning & alternative use
OB · Middleburg 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 Middleburg Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middleburg 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,735
Tax year 2023
Assessed value
$149,530
Assessed 2023
Previous assessed
$149,530
+0.0% YoY
Effective rate
8.52%
On assessed value
Assessed land
$43,230
Assessed improvement
$106,300
Land market value
$123,500
Improvement market value
$303,700
Total market value
$427,200
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
2003
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
5
Bathrooms
1
Total area
2,746 SF
Lot
0.45 ac (19,600 SF)
Zoning code
OB
APN
372-28-020
UPID
US66-0356968
Jurisdiction
CUYAHOGA
Zoning & alternative use
OB · Middleburg Heights, OH
Zoning OB · permitted uses
OB · Middleburg Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middleburg Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Postel Properties LLC
Entity
Mailing address
18697 COMSTOCK CIR, CLEVELAND, OH 44130-6201
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2021
—
Postel Properties LLC
—
Deed
related
$247,500 · Key Bank NA
Sep 4, 2003
—
Postel Properties LLC
Postel,neal J & Leslie M
Quit Claim Deed
related
—
Sep 28, 2001
$92,000
Neal J Postel
Kovar Trust
Grant Deed
$69,000 · Key Bank NA
—
—
Postel Properties LLC
—
Deed Of Trust
related
$359,461 · Firstmerit Bk
—
—
Postel Properties LLC
—
Deed Of Trust
related
$526,000 · Key Bank NA
—
—
Postel Properties LLC
—
Deed Of Trust
related
$560,000 · Key Bank NA
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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