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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Strip malls
17887 Bagley Rd Middleburg Heights, OH 44130-3402
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-6296481
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2020
Construction
WOOD
Total area
7,598 SF
Lot
2.07 ac (90,252 SF)
Zoning code
MS
APN
373-03-010
UPID
US66-6296481
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
$860k
Owner & transaction history
Niki Holdings LP · 10 yrs held
Niki Holdings LP
since 2015
7 recorded transactions
Zoning & alternative use
MS · Middleburg Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+66.5%
Medical building
$825,000
+7.3%
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 Middleburg Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middleburg Heights 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
NEIGHBORHOOD: SHOPPING CENTER
$770,000
Current use
RESTAURANT
$1,280,000
Change: +67% · Conversion: Difficult
MEDICAL BUILDING
$825,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$675,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$630,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$113 / 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
$47,010
Tax year 2023
Assessed value
$554,820
Assessed 2023
Previous assessed
$554,820
+0.0% YoY
Effective rate
8.47%
On assessed value
Assessed land
$221,130
Assessed improvement
$333,690
Land market value
$631,800
Improvement market value
$953,400
Total market value
$1,585,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
3
Total area
7,598 SF
Lot
2.07 ac (90,252 SF)
Zoning code
MS
APN
373-03-010
UPID
US66-6296481
Jurisdiction
CUYAHOGA
Zoning & alternative use
MS · Middleburg Heights, OH
Zoning MS · permitted uses
MS · Middleburg Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middleburg Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$770,000
RESTAURANT
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$675,000
COMMERCIAL (GENERAL)
Est. value
$630,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (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
2020
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
3
Lot
2.07 ac
Current owner
From public records · entity-resolved
Niki Holdings LP
Entity
Free & Clear · 10 yrs held
Mailing address
11720 EL CAMINO REAL STE #250, SAN DIEGO, CA 92130-2243
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2019
—
Niki Holdings LP
—
Deed
related
$1,027,500 · Great Sthrn Bk
Sep 6, 2019
—
Niki Holdings LP
—
Deed
related
$2,753,419 · Great Sthrn Bk
Jan 22, 2019
—
Niki Holdings LP
—
Grant Deed
related
$5,500,000 · Great Sthrn Bk
Dec 10, 2015
$1,370,100
Niki Holdings LP
Bashmart LLC
Grant Deed
related
—
Mar 16, 2006
$2,645,000
Bashmart LLC
Damons Restaurants INC
Grant Deed
—
Mar 23, 2001
—
Damons Restaurants INC
—
Deed Of Trust
related
$6,700,000 · Merrill Lynch Business Finl Sv
Oct 16, 1997
$750,000
Damons Restaurants INC
Bagley Road Properties
Grant Deed
—
Sep 29, 1997
—
Equistar Cleveland Co LLC
Bagley Road Properties
Grant Deed
related
—
—
—
Niki Holdings LP
—
Loan Modification
related
$1,027,500 · Great Sthrn Bk
—
—
Niki Holdings LP
—
Deed Of Trust
related
$2,753,419 · Great Sthrn 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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