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Property profile & analytics
OFF-MARKET
Estimated value
$7,145,000
Medical Office Space
1611 Grn Rd South Euclid, OH 44121-4129
Individually Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1685173
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1972
Construction
TYPE NOT SPECIFIED
Total area
49,017 SF
Lot
14.27 ac (621,713 SF)
Zoning code
R-50
APN
703-14-019
UPID
US66-1685173
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.50M
Comparable Approach
Comparable
$8.08M
Blend (final)
Blend
$7.15M
Owner & transaction history
University Suburban R & E Ltd · 11 yrs held
University Suburban R & E Ltd
since 2014
2 recorded transactions
Zoning & alternative use
R-50 · South Euclid, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this District is to encourage proximity in the development of compatible and related uses of land and buildings and to discourage development of uses which are incompatible or detrimental to each other and to adjacent areas
Zone name
Single Family 50
General category
RESIDENTIAL
Zone area
1,144.52 ac
Source
Realmo
Top alternative use upside
Restaurant
$8.3M
+55.2%
Office building
$7.9M
+48.8%
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 South Euclid submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Euclid 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%
$8,115,000
6.5%
$7,495,000
7%
$6,960,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,325,000
Current use
RESTAURANT
$8,270,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$7,930,000
Change: +49% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,965,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,360,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$7.15M
Range $6.43M – $7.86M · ±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
$146 / 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
$653,062
Tax year 2023
Assessed value
$6,610,170
Assessed 2023
Previous assessed
$6,610,170
+0.0% YoY
Effective rate
9.88%
On assessed value
Assessed land
$1,142,400
Assessed improvement
$5,467,770
Land market value
$3,264,000
Improvement market value
$15,622,200
Total market value
$18,886,200
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
1972
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
3
Total area
49,017 SF
Lot
14.27 ac (621,713 SF)
Zoning code
R-50
APN
703-14-019
UPID
US66-1685173
Jurisdiction
CUYAHOGA
Zoning & alternative use
R-50 · South Euclid, OHZoning R-50 · permitted uses
R-50 · South Euclid, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this District is to encourage proximity in the development of compatible and related uses of land and buildings and to discourage development of uses which are incompatible or detrimental to each other and to adjacent areas
Zone name
Single Family 50
General category
RESIDENTIAL
Zone area
1,144.52 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.3M
RESTAURANT
Est. value
$8.3M
OFFICE BUILDING
Est. value
$7.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.4M
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
5
Lot
14.27 ac
Current owner
From public records · entity-resolved
University Suburban R & E Ltd
Individual
Mailing address
3605 WARRENSVILLE CTR RD, BEACHWOOD, OH 44122-5203
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2014
—
University Suburban R & E Ltd
—
Grant Deed
related
$7,000,000 · Miscellaneous Ins Co
—
—
University Suburban R/e Ltd
—
Deed Of Trust
related
$430,000 · Pnc 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.
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