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Property profile & analytics
OFF-MARKET
Estimated value
$6,305,000
Hotels
15471 Royalton Rd Strongsville, OH 44136-5441
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US66-2572703
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1972
Construction
TYPE NOT SPECIFIED
Total area
175,073 SF
Lot
9.2 ac (400,621 SF)
Zoning code
MS
APN
399-02-006
UPID
US66-2572703
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
$8.72M
Blend (final)
Blend
$6.31M
Owner & transaction history
Cleveland Strongsville Hospita · 12 yrs held
Cleveland Strongsville Hospita
since 2013
4 recorded transactions
Zoning & alternative use
MS · Strongsville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Buildings and land shall be used and buildings shall be designed, erected, altered, moved or maintained in whole or in part in Motorist Service Districts
Zone name
Motorist Service
General category
UNKNOWN
Zone area
101.50 ac
Source
Realmo
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 Strongsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Strongsville 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
$6.31M
Range $5.67M – $6.94M · ±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
$36 / 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
$192,522
Tax year 2023
Assessed value
$2,356,280
Assessed 2023
Previous assessed
$2,356,280
+0.0% YoY
Effective rate
8.17%
On assessed value
Assessed land
$953,510
Assessed improvement
$1,402,770
Land market value
$2,724,300
Improvement market value
$4,007,900
Total market value
$6,732,200
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1972
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
6
Units
298
Bathrooms
214
Total area
175,073 SF
Lot
9.2 ac (400,621 SF)
Zoning code
MS
APN
399-02-006
UPID
US66-2572703
Jurisdiction
CUYAHOGA
Zoning & alternative use
MS · Strongsville, OHZoning MS · permitted uses
MS · Strongsville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Buildings and land shall be used and buildings shall be designed, erected, altered, moved or maintained in whole or in part in Motorist Service Districts
Zone name
Motorist Service
General category
UNKNOWN
Zone area
101.50 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1972
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
6
Units
298
Bathrooms
214
Lot
9.2 ac
Current owner
From public records · entity-resolved
Cleveland Strongsville Hospita
Individual
Mailing address
1100 CROCKER RD2R, WESTLAKE, OH 44145-1033
Ownership since
2013
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 17, 2022
—
Cleveland Strongsville Hospitality
—
Deed
related
$5,950,000 · Morgan Stanley Private Bank NA
Sep 13, 2013
$4,056,000
Cleveland Strongsville Hospita
Lodgian Strongsville LLC
Grant Deed
$8,950,000 · Morgan Stanley Private Bank NA
Jul 9, 2004
—
Impac Hotels I LLC
—
Deed Of Trust
related
$63,801,000 · Merrill Lynch Mortgage Lending
Sep 23, 1999
—
Impac Hotels I LLC
—
Deed Of Trust
related
$365,000,000 · Morgan Stanley Senior Trustee
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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