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Property profile & analytics
OFF-MARKET
Commercial real estate
16589 Sheldon Rd Middleburg Heights, OH 44130
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1571336
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1912
Total area
2,055 SF
Lot
0.73 ac (31,590 SF)
Zoning code
R2-F
APN
371-18-006
UPID
US66-1571336
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
City Of Middleburg Heights · 1 yrs held
City Of Middleburg Heights
since 2024
3 recorded transactions
Zoning & alternative use
R2-F · Middleburg Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the R2-F Townhouse Cluster Residential zoning district is to allow residential developments that strive to create a comprehensively planned development featuring flexible development patterns, connected active and passive open spaces, efficient site master planning and adequate separation and screening from adjacent land uses.
Zone name
Two Family Townhouse
General category
PLANNED_DEVELOPMENT
Zone area
275.71 ac
Source
Realmo
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 Middleburg Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middleburg 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
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
$4,239
Tax year 2023
Assessed value
$44,630
Assessed 2023
Previous assessed
$44,630
+0.0% YoY
Effective rate
9.50%
On assessed value
Assessed land
$22,120
Assessed improvement
$22,510
Land market value
$63,200
Improvement market value
$64,300
Total market value
$127,500
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1912
Heating
FORCED AIR
Cooling
NONE
Stories
1
Rooms
5
Bathrooms
2
Total area
2,055 SF
Lot
0.73 ac (31,590 SF)
Zoning code
R2-F
APN
371-18-006
UPID
US66-1571336
Jurisdiction
CUYAHOGA
Zoning & alternative use
R2-F · Middleburg Heights, OHZoning R2-F · permitted uses
R2-F · Middleburg Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the R2-F Townhouse Cluster Residential zoning district is to allow residential developments that strive to create a comprehensively planned development featuring flexible development patterns, connected active and passive open spaces, efficient site master planning and adequate separation and screening from adjacent land uses.
Zone name
Two Family Townhouse
General category
PLANNED_DEVELOPMENT
Zone area
275.71 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1912
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
2
Lot
0.73 ac
Current owner
From public records · entity-resolved
City Of Middleburg Heights
Entity
Free & Clear · 1 yrs held
Mailing address
389 COLUMBIA RD, VALLEY CITY, OH 44280-9749
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2024
—
City Of Middleburg Heights
Maria A Fearer
Warranty Deed
—
Jan 4, 2010
—
Fabrizi Patricia A Trust
—
Deed Of Trust
related
$7,425,000 · Huntington National Bank
Oct 2, 2007
—
Fabrizi Patricia A Trust
Fabrizi,patricia A
Quit Claim Deed
related
—
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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