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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Warehouses
16625 Wren Rd Chagrin Falls, OH 44023-4517
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-1001244
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1965
Total area
24,884 SF
Lot
4.08 ac (177,725 SF)
APN
02-008200
UPID
US66-1001244
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
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
Chalk It Up LLC · 1 yrs held
Chalk It Up LLC
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$840,000
+20.5%
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 Chagrin Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chagrin Falls 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
$1,030,000
ML approach
$1,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$695,000
Current use
INDUSTRIAL (GENERAL)
$840,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±10% · vs last sale $1.13M (Oct 3 2022)
Last sale anchor
$1.13M
Oct 3 2022
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
$44 / 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
$26,391
Tax year 2023
Assessed value
$349,020
Assessed 2023
Previous assessed
$261,170
+33.6% YoY
Effective rate
7.56%
On assessed value
Assessed land
$85,820
Assessed improvement
$263,200
Land market value
$245,200
Improvement market value
$752,000
Total market value
$997,200
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Total area
24,884 SF
Lot
4.08 ac (177,725 SF)
APN
02-008200
UPID
US66-1001244
Jurisdiction
GEAUGA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$695,000
INDUSTRIAL (GENERAL)
Est. value
$840,000
WAREHOUSE, STORAGE Current
INDUSTRIAL (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
1965
Heating
NONE
Stories
1
Lot
4.08 ac
Current owner
From public records · entity-resolved
Chalk It Up LLC
Entity
Mailing address
16625 WREN RD, CHAGRIN FALLS, OH 44023-4517
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2024
$1,210,000
Chalk It Up LLC
Cle Holding Company LLC
Warranty Deed
$605,000 · Westfield Bank Fsb
Oct 3, 2022
$1,125,000
The Cle Holding Company LLC
C4 Holdings Ltd
Limited Warranty Deed
$3,596,000 · Key Bank NA
Mar 6, 2017
—
C4 Holdings Ltd
—
Deed
related
$1,066,000 · Pnc Bk
Oct 3, 2003
—
C4 Holdings Ltd
—
Deed Of Trust
related
$1,000,000 · Huntington National Bank
Apr 15, 2003
$750,000
C4 Holdings Ltd
Hridel,jerry L & Patricia W
Grant Deed
related
$593,750 · Huntington National Bank
—
—
Jerry L Hridel
—
Deed Of Trust
related
$468,000 · Park View Fsb
—
—
C4 Holdings Ltd
—
Deed Of Trust
related
$1,066,000 · Pnc Bk
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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