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Property profile & analytics
FOR LEASE
Manufacturing properties
16855 Park Circle Dr Chagrin Falls, OH 44023
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US66-0367244
For Lease
1 / 14
$6.50 SF/Yr
16855 Park Circle Dr, Chagrin Falls, OH 44023
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Total area
24,880 SF
Lot
1.5 ac (65,340 SF)
APN
02-230530
UPID
US66-0367244
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
C4 Holdings Bainbridge Twp LLC · 15 yrs held
C4 Holdings Bainbridge Twp LLC
since 2011
5 recorded transactions
Zoning & alternative use
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 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
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
$18,329
Tax year 2023
Assessed value
$242,410
Assessed 2023
Previous assessed
$217,700
+11.4% YoY
Effective rate
7.56%
On assessed value
Assessed land
$33,600
Assessed improvement
$208,810
Land market value
$96,000
Improvement market value
$596,600
Total market value
$692,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1968
Heating
NONE
Stories
1
Total area
24,880 SF
Lot
1.5 ac (65,340 SF)
APN
02-230530
UPID
US66-0367244
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
Building & site characteristics
From public records
Year built
1968
Heating
NONE
Stories
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
C4 Holdings Bainbridge Twp LLC
Entity
Mailing address
16625 WREN RD, CHAGRIN FALLS, OH 44023-4517
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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
Mar 6, 2017
—
C4 Holdings-bainbridge Twpllc
—
Deed
related
$1,066,000 · Pnc Bk
Feb 22, 2011
$520,000
C4 Holdings Bainbridge Twp LLC
Millennium Adhesive Holdings L
Grant Deed
related
$424,000 · Fifth Third Bank
Feb 11, 2011
$520,000
C4 Holdings Bainbridge Twp LLC
C4 Holdings Bainbridge Twp LLC
Grant Deed
related
—
—
—
C4 Holdings-bainbridge Twpllc
—
Deed Of Trust
related
$1,066,000 · Pnc Bk
—
—
Adhesive Holdings L Millennium
—
Deed Of Trust
related
$813,051 · Middlefield Banking 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.
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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