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Property profile & analytics
OFF-MARKET
Estimated value
$2,245,000
Office buildings
18201 Sheldon Rd Middleburg Heights, OH 44130-2467
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2269413
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
TYPE NOT SPECIFIED
Total area
9,700 SF
Lot
7.14 ac (311,193 SF)
Zoning code
GI
APN
371-16-001
UPID
US66-2269413
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
$2.58M
CAP Approach
CAP
$1.57M
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$2.25M
Owner & transaction history
Tat Holdings Cleveland LLC · 1 yrs held
Tat Holdings Cleveland LLC
since 2025
Last sale
$2.2M
4 recorded transactions
Zoning & alternative use
GI · Middleburg Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The General Industrial (GI) Zoning District is designed to accommodate those light industrial, heavy industrial, office, flex space and other permitted activities which, by their character, should be relatively remote from residential development
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
566.92 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 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
$2,285,000
ML approach
$2,575,000
CAP Approach
CAP Return
Estimation
6%
$1,700,000
6.5%
$1,570,000
7%
$1,460,000
Blend value · Realmo final
$2.25M
Range $2.02M – $2.47M · ±10% · vs last sale $2.23M (May 9 2025)
Last sale anchor
$2.23M
May 9 2025
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
$231 / 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
$66,285
Tax year 2023
Assessed value
$777,950
Assessed 2023
Previous assessed
$777,950
+0.0% YoY
Effective rate
8.52%
On assessed value
Assessed land
$183,540
Assessed improvement
$594,410
Land market value
$524,400
Improvement market value
$1,698,300
Total market value
$2,222,700
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
2002
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
9,700 SF
Lot
7.14 ac (311,193 SF)
Zoning code
GI
APN
371-16-001
UPID
US66-2269413
Jurisdiction
CUYAHOGA
Zoning & alternative use
GI · Middleburg Heights, OHZoning GI · permitted uses
GI · Middleburg Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The General Industrial (GI) Zoning District is designed to accommodate those light industrial, heavy industrial, office, flex space and other permitted activities which, by their character, should be relatively remote from residential development
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
566.92 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2002
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Lot
7.14 ac
Current owner
From public records · entity-resolved
Tat Holdings Cleveland LLC
Entity
Mailing address
18001 SHELDON RD, MIDDLEBURG HEIGHTS, OH 44130-2465
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2025
$2,225,000
Tat Holdings Cleveland LLC
Bohr Bolt II Oh LLC
Deed
—
Mar 31, 2011
$2,426,233
Bohr Bolt II Oh LLC
Nova Investments Group Corp
Grant Deed
—
Jan 11, 2010
—
Nova Investments Group Corp
—
Deed Of Trust
related
$7,735,200 · National City Bank
May 18, 2004
—
Nova Investments Group Corp
—
Deed Of Trust
related
$3,000,000 · 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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