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Property profile & analytics
OFF-MARKET
Retail space
1647 Wright Ave, Rocky River, OH 44116-1909
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US66-0128803
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
WOOD
Total area
5,831 SF
Lot
0.53 ac (23,142 SF)
Zoning code
GB
APN
301-20-037
UPID
US66-0128803
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
1647 Wright LLC · 21 yrs held
1647 Wright LLC
since 2004
7 recorded transactions
Zoning & alternative use
GB · Rocky River, 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 Rocky River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rocky River 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
$12,714
Tax year 2023
Assessed value
$128,310
Assessed 2023
Previous assessed
$128,310
+0.0% YoY
Effective rate
9.91%
On assessed value
Assessed land
$77,280
Assessed improvement
$51,030
Land market value
$220,800
Improvement market value
$145,800
Total market value
$366,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
5,831 SF
Lot
0.53 ac (23,142 SF)
Zoning code
GB
APN
301-20-037
UPID
US66-0128803
Jurisdiction
CUYAHOGA
Zoning & alternative use
GB · Rocky River, OH
Zoning GB · permitted uses
GB · Rocky River, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rocky River. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
1647 Wright LLC
Entity
Mailing address
1647 WRIGHT AVE, ROCKY RIVER, OH 44116-1909
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2017
—
1647 Wright LLC
—
Deed
related
$150,000 · Middlefield Bkng
Dec 8, 2004
$400,000
1647 Wright LLC
Rocky River Properties LLC
Warranty Deed
$10,000 · Rocky River Properties LLC
Apr 11, 2001
—
Rocky River Properties LLC
Reich,robert A & Paige H
Grant Deed
related
—
Mar 6, 2001
$150,000
Paige H Reich
Wax,barbara R
Grant Deed
—
—
—
1647 Wright LLC
—
Deed Of Trust
related
$300,000 · Liberty Bank
—
—
1647 Wright LLC
—
Deed Of Trust
related
$480,000 · Firstmerit Bank NA
—
—
1647 Wright LLC
—
Deed Of Trust
related
$150,000 · Middlefield Bkng
—
—
1647 Wright LLC
—
Deed Of Trust
related
$125,000 · Firstmerit Bank NA
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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