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Property profile & analytics
OFF-MARKET
Estimated value
$355,000
Medical Office Space
17534 Royalton Rd Strongsville, OH 44136-5151
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US66-6247031
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Construction
WOOD
Total area
9,100 SF
Lot
0.6 ac (26,000 SF)
Zoning code
OB
APN
396-12-004
UPID
US66-6247031
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
$940k
Blend (final)
Blend
$355k
Owner & transaction history
Alessio Properties LLC · 14 yrs held
Alessio Properties LLC
since 2011
3 recorded transactions
Zoning & alternative use
OB · Strongsville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide a zoning district devoted exclusively to professional services, funding and other similar financial services and the management of commercial, industrial, public and semipublic institutions
Zone name
Office Building
General category
INDUSTRIAL
Zone area
15.74 ac
Source
Realmo
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$990,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$920,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$810,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$355k
Range $320k – $391k · ±10%
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
$39 / 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
$26,092
Tax year 2023
Assessed value
$319,340
Assessed 2023
Previous assessed
$319,340
+0.0% YoY
Effective rate
8.17%
On assessed value
Assessed land
$136,500
Assessed improvement
$182,840
Land market value
$390,000
Improvement market value
$522,400
Total market value
$912,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
9,100 SF
Lot
0.6 ac (26,000 SF)
Zoning code
OB
APN
396-12-004
UPID
US66-6247031
Jurisdiction
CUYAHOGA
Zoning & alternative use
OB · Strongsville, OHZoning OB · permitted uses
OB · Strongsville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide a zoning district devoted exclusively to professional services, funding and other similar financial services and the management of commercial, industrial, public and semipublic institutions
Zone name
Office Building
General category
INDUSTRIAL
Zone area
15.74 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$990,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$920,000
AUTO REPAIR, GARAGE
Est. value
$810,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1979
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.6 ac
Current owner
From public records · entity-resolved
Alessio Properties LLC
Entity
Mailing address
17534 ROYALTON RD, STRONGSVILLE, OH 44136-5151
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2021
—
Alessio Properties LLC
—
Deed
related
$739,088 · The Huntington National Bank
Aug 25, 2011
$750,000
Alessio Properties LLC
Wolf Run Holdings Ltd
Warranty Deed
$665,000 · Pnc Bank
May 30, 2003
$750,000
Wolf Run Holdings Ltd
Queen,harold L
Grant Deed
related
$600,000 · Second National Bank Warren
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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