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Property profile & analytics
OFF-MARKET
Medical Office Space
16400 Hilliard Rd Lakewood, OH 44107-5610
Entity Owned
13-yr Hold
Free & Clear
Property ID
US66-2487402
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1932
Construction
WOOD
Total area
2,805 SF
Lot
0.29 ac (12,800 SF)
Zoning code
C2
APN
313-14-016
UPID
US66-2487402
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
I-lakewood LLC · 13 yrs held
I-lakewood LLC
since 2013
6 recorded transactions
Zoning & alternative use
C2 · Lakewood, 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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
$7,634
Tax year 2023
Assessed value
$70,490
Assessed 2023
Previous assessed
$70,490
+0.0% YoY
Effective rate
10.83%
On assessed value
Assessed land
$28,210
Assessed improvement
$42,280
Land market value
$80,600
Improvement market value
$120,800
Total market value
$201,400
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
1932
Construction
WOOD
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Bathrooms
1
Total area
2,805 SF
Lot
0.29 ac (12,800 SF)
Zoning code
C2
APN
313-14-016
UPID
US66-2487402
Jurisdiction
CUYAHOGA
Zoning & alternative use
C2 · Lakewood, OH
Zoning C2 · permitted uses
C2 · Lakewood, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1932
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
I-lakewood LLC
Entity
Free & Clear · 13 yrs held
Mailing address
16400 HILLIARD RD, LAKEWOOD, OH 44107-5610
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2020
—
I-lakewood LLC
—
Deed
related
$1,597,500 · Wells Fargo Bk
Jan 3, 2013
—
I-lakewood LLC
Lcdw Ltd
Quit Claim Deed
related
—
Aug 6, 1998
$112,500
Lcdw Ltd
Koster,charles K & Mary J
Grant Deed
—
—
—
Lcdw Ltd
—
Deed Of Trust
related
$340,000 · Huntington National Bank
—
—
I-lakewood LLC
—
Deed Of Trust
related
$240,000 · Pnc Bank
—
—
I-lakewood LLC
—
Deed Of Trust
related
$1,597,500 · Wells Fargo Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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