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    16625 Royalton Rd Strongsville, OH 44136
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    16625 Royalton Rd, Strongsville, OH 44136

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    • Grocery and convenience stores
    • 2,433 SF
    • 0.61 lot acres
    For Sale
    $5,082,914
    View Listing →
    7-Eleven NNN Investment Opportunity For Sale
    $5,082,914
    2,700 SF

    7-Eleven NNN Investment Opportunity

    NNN leased 7-Eleven in Strongsville, OH with scheduled rent increases.

    16625 Royalton Rd, Strongsville, OH 44136
    View Listing
    Property ID
    US66-0838461
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 16625 Royalton Rd

    Year built
    1995
    Lot size
    0.61 lot acres
    Zone code
    MS
    Property type
    Grocery and convenience stores
    APN
    396-24-003
    APU
    39624003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 5, 2015 $4,189,314 In Manus Dei LLC Convenience Net Lease Portfoli Grant Deed $22.5M · Jefferies Loancore
    Nov 7, 2013 $1,370,345 Convenience Net Lease Portfoli Roninvest Holdings LLC Grant Deed —
    Jun 29, 2011 — Roninvest Holdings LLC — Deed Of Trust · related $9.9M · Investec Bank Plc
    May 29, 2009 $2,006,837 Roninvest Holdings LLC Franchise USA LLC Quit Claim Deed · related $10.9M · Franchise USA LLC
    May 29, 2009 — Franchise USA LLC Bp Products North America INC Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Strongsville
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.8158
    Latitude
    41.3127
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $36,262
    $178,540
    $265,270
    $443,810
    -
    $510,100
    $757,900
    $1,268,000

    Comparable in this City

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      15387 Pearl Rd

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      16224 Pearl Rd

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      15919 Pearl Rd

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      $1,375,000
      6,721 SF

      9037 Pearl Rd

      CONVENIENCE STORE
      9037 Pearl Rd, Strongsville, OH 44136-1733
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,700 SF

      7-Eleven NNN Investment Opportunity

      NNN leased 7-Eleven in Strongsville, OH with scheduled rent increases.
      16625 Royalton Rd, Strongsville, OH 44136
      View Details
    • Contact for pricing
      6,187 SF

      Prime Retail Location For Sale

      Located in a super regional retail trade area.
      16620 Royalton Rd, Strongsville, OH 44136
      View Details
    • $990,000

      Restaurant Space in Strongsville

      Restaurant space with liquor license and outdoor patio for sale.
      14952 Pearl Rd, Cleveland, OH 44136
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    • $250,000
      0.38 Acres

      Retail Building in Strongsville, OH

      Retail building with workshop and break room in Strongsville.
      8461 Pearl Rd, Strongsville, OH 44136
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      3,145 SF

      NNN Restaurant Property For Sale

      Long-term NNN lease with attractive escalations in Strongsville, OH.
      12380 Pearl Rd, Strongsville, OH 44136
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    • Contact for pricing

      Sprague Road Land Opportunity

      Land available with existing parking lot and highway visibility.
      16651 W Sprague Rd, Strongsville, OH 44136
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    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Retail Space in Regional Center

      Retail space available in high-traffic Strongsville shopping center.
      16740 Royalton Rd, Strongsville, OH 44136
      View Details
    • Contact for pricing
      6,621 SF

      Retail Space in Strongsville, OH

      Retail space available in Strongsville, anchored by major retailers.
      18100-18400 Royalton Rd, Strongsville, OH 44136
      View Details
    • Contact for pricing
      2,973 SF

      Retail Space in High-Traffic Area

      Retail space available in a well-connected, high-income area.
      19712-19820 W 130 St, Strongsville, OH 44136
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    • Contact for pricing
      3,800 SF

      Retail Space on Pearl Road

      Retail space available in Strongsville, OH near major retailers.
      14375-14569 Pearl Rd, Strongsville, OH 44136
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    • Contact for pricing
      900 SF

      Retail Space Near SouthPark Mall

      900 SF retail space with high visibility and traffic.
      17100 Royalton Rd, Strongsville, OH 44136
      View Details
    • Contact for pricing
      2,930 SF

      Retail Space in Strongsville Center

      Retail space available in well-established Strongsville shopping center.
      12201 Pearl Rd, Strongsville, OH 44136
      View Details
    View Listing
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    Strongsville, OH 44136
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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