Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
15516 Industrial Pkwy Cleveland, OH 44135-3314
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-0669833
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
TYPE NOT SPECIFIED
Total area
980 SF
Lot
0.94 ac (41,000 SF)
Zoning code
SI
APN
028-21-007
UPID
US66-0669833
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
Current use
Occupant on record · Public records
-
Instrumatics Electronics & Wireless Store
-
Cleveland Circuit Corporation Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$576k
Blend (final)
Blend
$530k
Owner & transaction history
Bhal Real Estate Holding LLC · 2 yrs held
Bhal Real Estate Holding LLC
since 2024
Last sale
$528,900
7 recorded transactions
Zoning & alternative use
SI · Cleveland, 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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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
$530,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $529k (Feb 21 2024)
Last sale anchor
$529k
Feb 21 2024
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
$541 / 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
$18,488
Tax year 2023
Assessed value
$185,120
Assessed 2023
Previous assessed
$185,120
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$21,770
Assessed improvement
$163,350
Land market value
$62,200
Improvement market value
$466,700
Total market value
$528,900
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
1960
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
980 SF
Lot
0.94 ac (41,000 SF)
Zoning code
SI
APN
028-21-007
UPID
US66-0669833
Jurisdiction
CUYAHOGA
Zoning & alternative use
SI · Cleveland, OH
Zoning SI · permitted uses
SI · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
0.94 ac
Current owner
From public records · entity-resolved
Bhal Real Estate Holding LLC
Entity
Mailing address
15516 INDUSTRIAL PKWY, CLEVELAND, OH 44135-3314
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2024
$528,900
Bhal Real Estate Holding LLC
Sam & Jay Company LLC
Warranty Deed
$528,900 · Sam & Jay Company LLC
Jun 22, 2016
—
Sam & Jay Co LLC
—
Deed
related
$256,227 · Consumers Nat'l Bk
Nov 29, 2012
—
Sam & Jay Co LLC
Cleveland Circuits Corp
Quit Claim Deed
related
—
Dec 30, 2009
—
Cleveland Circuits Corp
—
Deed Of Trust
related
$1,000,000 · Gayatri INC
Sep 9, 2009
$500,000
Cleveland Circuits Corp
B & R Associates Ltd
Warranty Deed
$400,000 · Rbs Citizens Bank NA
—
—
B & R Associates Ltd
—
Deed Of Trust
related
$300,000 · National City Bank
—
—
Sam & Jay Co LLC
—
Deed Of Trust
related
$370,110 · Charter One
—
—
B & R Associates Ltd
—
Deed Of Trust
related
$212,200 · National City Bank
—
—
Cleveland Circuits Corp
—
Deed Of Trust
related
$1,000,000 · Gayatri INC
—
—
Sam & Jay Co LLC
—
Deed Of Trust
related
$339,066 · Consumers Nat'l Bk
—
—
Sam & Jay Co LLC
—
Deed Of Trust
related
$256,227 · Consumers Nat'l Bk
—
—
B & R Associates Ltd
—
Deed Of Trust
related
$266,900 · National City Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 15516 Industrial Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
