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Property profile & analytics
OFF-MARKET
Commercial land
1823 Royalton Rd Broadview Heights, OH 44147
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1977119
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.41 ac (17,687 SF)
Zoning code
C-3
APN
583-14-005
UPID
US66-1977119
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
Joong Hahn · 1 yrs held
Joong Hahn
since 2025
4 recorded transactions
Zoning & alternative use
C-3 · Broadview Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the C-3 Office Space District is to provide areas within the city devoted exclusively to professional services, banking and other similar financial services, and the management of commercial, industrial, public and semipublic institutions.
Zone name
Office Space
General category
INDUSTRIAL
Zone area
29.06 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 Broadview Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Broadview 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
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
$3,650
Tax year 2023
Assessed value
$40,850
Assessed 2023
Previous assessed
$40,850
+0.0% YoY
Effective rate
8.94%
On assessed value
Assessed land
$40,850
Land market value
$116,700
Total market value
$116,700
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.41 ac (17,687 SF)
Zoning code
C-3
APN
583-14-005
UPID
US66-1977119
Jurisdiction
CUYAHOGA
Zoning & alternative use
C-3 · Broadview Heights, OHZoning C-3 · permitted uses
C-3 · Broadview Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the C-3 Office Space District is to provide areas within the city devoted exclusively to professional services, banking and other similar financial services, and the management of commercial, industrial, public and semipublic institutions.
Zone name
Office Space
General category
INDUSTRIAL
Zone area
29.06 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.41 ac
Current owner
From public records · entity-resolved
Joong Hahn
Individual
Mailing address
1929 E ROYALTON RD STE A, BROADVIEW HEIGHTS, OH 44147-2868
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Jun 26, 2025
$620,000
Joong Hahn
Avery82 LLC
Warranty Deed
—
Jun 28, 2021
—
Avery 82 LLC
—
Deed
related
$247,000 · Cf Bank
Apr 3, 2018
$41,853
City Of Broadview Heights
Pines LP
Warranty Deed
—
Jun 26, 2007
—
Pines
—
Deed Of Trust
related
$43,000,000 · Fifth Third 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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