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Property profile & analytics
OFF-MARKET
Estimated value
$12,175,000
Office buildings
17801 Detroit Ave Lakewood, OH 44107-3413
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US66-1072952
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1915
Total area
73,818 SF
Lot
2.38 ac (103,499 SF)
Zoning code
C2
APN
311-24-039
UPID
US66-1072952
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
$16.49M
Comparable Approach
Comparable
$11.40M
Blend (final)
Blend
$12.18M
Owner & transaction history
Beck Center For The Cultural · 22 yrs held
Beck Center For The Cultural
since 2004
7 recorded transactions
Zoning & alternative use
C2 · Lakewood, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.5M
+4.3%
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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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%
$17,860,000
6.5%
$16,485,000
7%
$15,305,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,940,000
Current use
RESTAURANT
$12,450,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$12.18M
Range $10.96M – $13.39M · ±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
$165 / 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
Assessed value
$1,563,450
Assessed 2023
Previous assessed
$1,723,370
-9.3% YoY
Assessed land
$289,800
Assessed improvement
$1,273,650
Land market value
$828,000
Improvement market value
$3,639,000
Total market value
$4,467,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1915
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
73,818 SF
Lot
2.38 ac (103,499 SF)
Zoning code
C2
APN
311-24-039
UPID
US66-1072952
Jurisdiction
CUYAHOGA
Zoning & alternative use
C2 · Lakewood, OH
Zoning C2 · permitted uses
C2 · Lakewood, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$11.9M
RESTAURANT
Est. value
$12.5M
OFFICE BUILDING Current
RESTAURANT
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
1915
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.38 ac
Current owner
From public records · entity-resolved
Beck Center For The Cultural
Individual
Mailing address
17801 DETROIT AVE, LAKEWOOD, OH 44107-3413
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2022
—
Beck Center For The Arts
—
Deed
related
$2,000,000 · United States Small Business Admin
May 12, 2017
—
Beck Center For The Arts
—
Deed
related
$250,000 · Huntington Nat'l Bk
Aug 17, 2005
—
Beck Center Of Cultural Arts
—
Trustees Deed
related
$50,000 · National City Bank
Mar 16, 2004
—
Beck Center For The Cultural
Lakewood Little Theatre
Grant Deed
$250,000 · Fifth Third Bank Ne Ohio
—
—
Beck Center Of Cultural Arts
—
Deed Of Trust
related
$999,999 · National City Bank
—
—
Beck Center Of Cultural Arts
—
Deed Of Trust
related
$100,000 · National City Bank
—
—
Beck Center Of Cultural Arts
—
Deed Of Trust
related
$200,000 · National City Bank
—
—
Beck Center For The Arts
—
Deed Of Trust
related
$129,000 · Pnc Bank
—
—
Beck Center For The Arts
—
Deed Of Trust
related
$1,280,078 · Pnc Bank
—
—
Beck Center For Cultural Arts
—
Deed Of Trust
related
$75,000 · First Federal Of Lakewood
—
—
Beck Center For The Arts
—
Deed Of Trust
related
$950,000 · Huntington Nat'l Bk
—
—
Beck Center For The Arts
—
Deed Of Trust
related
$250,000 · Huntington Nat'l Bk
—
—
Beck Center Cultural Arts
—
Deed Of Trust
related
$250,000 · Fifth Third Bank Ne Ohio
—
—
Beck Center Of Cultural Arts
—
Deed Of Trust
related
$100,000 · National City Bank
—
—
Beck Center Of Cultural Arts
—
Deed Of Trust
related
$1,229,158 · National City Bank
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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