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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Office buildings
16600 Sprague Rd, Middleburg Heights, OH 44130-6318
Entity Owned
6-yr Hold
Free & Clear
Property ID
US66-5841628
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
TYPE NOT SPECIFIED
Total area
70,075 SF
Lot
3.63 ac (158,210 SF)
Zoning code
GB
APN
374-18-007
UPID
US66-5841628
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
$2.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.85M
Owner & transaction history
Optimus Dev LLC · 6 yrs held
Optimus Dev LLC
since 2020
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
GB · Middleburg Heights, 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 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
Method
Estimation
Statistic approach
$1,495,000
ML approach
$2,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±10% · vs last sale $1.25M (Jan 31 2020)
Last sale anchor
$1.25M
Jan 31 2020
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
$26 / 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
$37,602
Tax year 2023
Assessed value
$437,510
Assessed 2023
Previous assessed
$437,510
+0.0% YoY
Effective rate
8.59%
On assessed value
Assessed land
$276,890
Assessed improvement
$160,620
Land market value
$791,100
Improvement market value
$458,900
Total market value
$1,250,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
5
Total area
70,075 SF
Lot
3.63 ac (158,210 SF)
Zoning code
GB
APN
374-18-007
UPID
US66-5841628
Jurisdiction
CUYAHOGA
Zoning & alternative use
GB · Middleburg Heights, OH
Zoning GB · permitted uses
GB · Middleburg Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middleburg Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
2
Lot
3.63 ac
Current owner
From public records · entity-resolved
Optimus Dev LLC
Entity
Free & Clear · 6 yrs held
Mailing address
13477 PROSPECT RD, STRONGSVILLE, OH 44149-3867
Ownership since
2020
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
Jan 31, 2020
$1,250,000
Optimus Dev LLC
Auto-owners Ins Co
Grant Deed
—
Aug 28, 2019
—
Auto-owners Ins Co
Baybrook Investments LLC
Grant Deed
related
—
May 1, 2018
—
Baybrook Investments LLC
—
Deed
related
$3,614,207 · Miscellaneous Ins Co
Feb 25, 2008
$4,850,000
Baybrook Investments LLC
Interstate Plaza
Warranty Deed
$3,712,000 · Auto-owners Life Insurance Co
—
—
Interstate Plaza Co
—
Deed Of Trust
related
$600,000 · Shaker II LLC
—
—
Baybrook Investments LLC
—
Loan Modification
related
$3,614,207 · Miscellaneous Ins Co
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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