Technical
Financial
Distress signals
Property profile

16500 Lee Rd Chagrin Blvd Shaker Heights, OH 44120

OFF-MARKET
Office buildings
Property ID
US66-1806305
13,526 SF 2.03 ac lot Built 1990
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1990
Construction TYPE NOT SPECIFIED
Total area 13,526 SF
Lot 2.03 ac (88,562 SF)
Zoning code CM
APN 735-25-028
UPID US66-1806305

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16500 Lee Rd Chagrin Blvd Shaker Heights, OH 44120
Shaker Heights metro Census 183603 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.02M
Comparable Approach Comparable
$1.78M
Blend (final) Blend
$770k

Owner & transaction history

since 2018
4 recorded transactions
2018
Price N/A
2018
$2.9M
2016
$2.2M
1998
$3.1M

Zoning & alternative use

CM · Shaker Heights, OH
Zoning description

District is to encourage a compact mix of retail, service, office, housing and public activities to coexist in a manner that reflects human scale and emphasizes pedestrian orientation, taking advantage of the convenience…

General category MIXED_USE
Top alternative use upside
Restaurant $2.3M +4.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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