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Property profile & analytics
FOR SALE
Auto shops
16620 Royalton Rd, Strongsville, OH 44136
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-1788996
For Sale
1 / 2
$3,150,000
16620 Royalton Rd, Strongsville, OH 44136
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1992
Construction
TYPE NOT SPECIFIED
Total area
6,187 SF
Lot
1.02 ac (44,235 SF)
Zoning code
MS
APN
396-14-013
UPID
US66-1788996
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
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$519k
Blend (final)
Blend
$830k
Owner & transaction history
16620 Royalton Road LLC · 3 yrs held
16620 Royalton Road LLC
since 2023
Last sale
$850,000
5 recorded transactions
Zoning & alternative use
MS · Strongsville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+89.6%
Office building
$1.0M
+81.8%
Medical building
$670,000
+22.1%
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 Strongsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Strongsville 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
$795,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$550,000
Current use
RESTAURANT
$1,045,000
Change: +90% · Conversion: Difficult
OFFICE BUILDING
$1,000,000
Change: +82% · Conversion: Difficult
MEDICAL BUILDING
$670,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$515,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$830k
Range $747k – $913k · ±10% · vs last sale $850k (Apr 18 2023)
Last sale anchor
$850k
Apr 18 2023
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
$134 / 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
$33,671
Tax year 2023
Assessed value
$412,100
Assessed 2023
Previous assessed
$412,100
+0.0% YoY
Effective rate
8.17%
On assessed value
Assessed land
$255,470
Assessed improvement
$156,630
Land market value
$729,900
Improvement market value
$447,500
Total market value
$1,177,400
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1992
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Rooms
6
Bathrooms
1
Total area
6,187 SF
Lot
1.02 ac (44,235 SF)
Zoning code
MS
APN
396-14-013
UPID
US66-1788996
Jurisdiction
CUYAHOGA
Zoning & alternative use
MS · Strongsville, OH
Zoning MS · permitted uses
MS · Strongsville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Strongsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$550,000
RESTAURANT
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$670,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
COMMERCIAL (GENERAL)
Est. value
$515,000
AUTO REPAIR, GARAGE Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
16620 Royalton Road LLC
Entity
Free & Clear · 3 yrs held
Mailing address
16620 ROYALTON RD, STRONGSVILLE, OH 44136-4433
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2023
—
16620 Royalton Road LLC
Tk Ohio Properties LLC
Quit Claim Deed
related
—
Feb 26, 2013
—
Tk Ohio Properties LLC
—
Deed Of Trust
related
$5,375,000 · Symetra Life Insurance Co
Feb 16, 2005
$850,000
Vam Ltd
Mueller Realty LLC
Grant Deed
$875,000 · Huntington National Bank
Feb 16, 2005
—
Vam Ltd
Vam Ltd
Quit Claim Deed
related
$875,000 · Huntington National Bank
Feb 16, 2005
$1,869,000
Tk Ohio Properties LLC
Mueller Realty LLC
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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