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Property profile & analytics
OFF-MARKET
Estimated value
$130,000
Residential income homes
1608 Ridgefield Rd Cleveland Heights, OH 44118-1178
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-6025958
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1920
Construction
TYPE NOT SPECIFIED
Total area
4,136 SF
Lot
0.12 ac (5,383 SF)
Zoning code
MF1
APN
684-03-030
UPID
US66-6025958
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
$130k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$130k
Owner & transaction history
James Christopher Barle · 2 yrs held
James Christopher Barle
since 2024
Last sale
$130,000
4 recorded transactions
Zoning & alternative use
MF1 · Cleveland Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Zoning Code adopted 20240116
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 Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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
$130,000
ML approach
$130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$130k
Range $117k – $143k · ±10% · vs last sale $130k (Jan 12 2024)
Last sale anchor
$130k
Jan 12 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
$31 / 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
$7,390
Tax year 2023
Assessed value
$50,970
Assessed 2023
Previous assessed
$50,970
+0.0% YoY
Effective rate
14.50%
On assessed value
Assessed land
$8,440
Assessed improvement
$42,530
Land market value
$24,100
Improvement market value
$121,500
Total market value
$145,600
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1920
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
NONE
Stories
2
Units
4
Bathrooms
4
Total area
4,136 SF
Lot
0.12 ac (5,383 SF)
Zoning code
MF1
APN
684-03-030
UPID
US66-6025958
Jurisdiction
CUYAHOGA
Zoning & alternative use
MF1 · Cleveland Heights, OHZoning MF1 · permitted uses
MF1 · Cleveland Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Zoning Code adopted 20240116
Building & site characteristics
From public records
Year built
1920
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.12 ac
Current owner
From public records · entity-resolved
James Christopher Barle
Individual
Mailing address
PO BOX 181498, CLEVELAND HEIGHTS, OH 44118-7498
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2024
—
James Christopher Barle
James C Barle
Intrafamily Transfer
related
—
Nov 6, 2015
$130,000
James C Barle
Pendleton,michael W & Amelia J
Warranty Deed
—
Jul 14, 2005
$130,000
Michael W Pendleton
Goldstein,robert B & Rita J
Grant Deed
$117,000 · Geauga Savings Bank
—
—
Michael W Pendleton
—
Deed Of Trust
related
$104,500 · Green Tree Servicing
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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