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Property profile & analytics
OFF-MARKET
Parking lots & garages
16647 Concept Dr Cleveland, OH 44128-3358
Individually Owned
3-yr Hold
Free & Clear
Property ID
US66-0711793
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Total area
220 SF
Lot
0.01 ac (218 SF)
Zoning code
MF-1
APN
143-05-045
UPID
US66-0711793
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
Dwight Henry · 3 yrs held
Dwight Henry
since 2023
Last sale
$43,000
7 recorded transactions
Zoning & alternative use
MF-1 · Cleveland, 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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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
$179
Tax year 2023
Assessed value
$2,310
Assessed 2023
Previous assessed
$2,310
+0.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$1,890
Assessed improvement
$420
Land market value
$5,400
Improvement market value
$1,200
Total market value
$6,600
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Heating
NONE
Total area
220 SF
Lot
0.01 ac (218 SF)
Zoning code
MF-1
APN
143-05-045
UPID
US66-0711793
Jurisdiction
CUYAHOGA
Zoning & alternative use
MF-1 · Cleveland, OH
Zoning MF-1 · permitted uses
MF-1 · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.01 ac
Current owner
From public records · entity-resolved
Dwight Henry
Individual
Free & Clear · 3 yrs held
Mailing address
26350 FORBES RD, BEDFORD, OH 44146-5924
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2023
$43,000
Dwight Henry
Stephen L Rice
Warranty Deed
—
Apr 30, 2020
$29,000
Stephen L Rice
Huntington Natl Bk
Grant Deed
—
Jan 17, 2020
$41,250
Huntington Natl Bk
April Sheriff/ Cuyahoga County|ford
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
May 24, 2016
$54,900
April Ford
Ev Homes LLC
Warranty Deed
$34,400 · Huntington Nat'l Bk
Sep 27, 2012
$16,000
Ev Homes LLC
Ruggieri,daneen M
Quit Claim Deed
related
—
Apr 6, 2010
$17,500
Daneen M Ruggieri
Third Fedl S & L Assn Of Cleveland
Warranty Deed
$12,250 · Third Fed'l S&l Assn Cleveland
May 1, 2009
$46,667
Third Fedl S & L Assn Of Cleveland
Sheriff Of Cuyahoga County
Trustees Deed
related
—
Dec 20, 2002
$75,900
David M Riley
J Gilbert Development LLC
Grant Deed
$73,600 · Third Fed'l S&l Assn Cleveland
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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