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Property profile & analytics
OFF-MARKET
Estimated value
$1,915,000
Office buildings
18318 Pearl Rd, Strongsville, OH 44136-6921
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-2379292
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
TYPE NOT SPECIFIED
Total area
7,200 SF
Lot
0.56 ac (24,188 SF)
Zoning code
GB
APN
394-26-001
UPID
US66-2379292
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
$1.61M
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$1.92M
Owner & transaction history
18318 Pearl LLC · 3 yrs held
18318 Pearl LLC
since 2022
7 recorded transactions
Zoning & alternative use
GB · Strongsville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+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 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%
$1,740,000
6.5%
$1,610,000
7%
$1,495,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,165,000
Current use
RESTAURANT
$1,215,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$1.92M
Range $1.72M – $2.11M · ±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
$266 / 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
$42,181
Tax year 2023
Assessed value
$516,250
Assessed 2023
Previous assessed
$516,250
+0.0% YoY
Effective rate
8.17%
On assessed value
Assessed land
$134,260
Assessed improvement
$381,990
Land market value
$383,600
Improvement market value
$1,091,400
Total market value
$1,475,000
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
1980
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
7,200 SF
Lot
0.56 ac (24,188 SF)
Zoning code
GB
APN
394-26-001
UPID
US66-2379292
Jurisdiction
CUYAHOGA
Zoning & alternative use
GB · Strongsville, OH
Zoning GB · permitted uses
GB · Strongsville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Strongsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
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
1980
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Lot
0.56 ac
Current owner
From public records · entity-resolved
18318 Pearl LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 1445, WOOSTER, OH 44691-7087
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2022
—
18318 Pearl LLC
Kennedy Morgan Capital Group LLC
Warranty Deed
—
Jun 1, 2021
$1,577,000
Zace Of Spades Ltd
Ardaas LLC
Warranty Deed
$1,185,000 · Premier Bank
Jan 13, 2020
$1,475,000
Ardaas LLC
Ldc Strongsville LLC
Grant Deed
$1,106,250 · Unify Fin'l FCU
Nov 7, 2016
—
Ldc Strongsville LLC
—
Deed
related
$915,000 · First Fed'l S&l/lakewood
Jun 11, 2013
$25,840
City Of Strongsville
Ldc Strongsville LLC
Warranty Deed
—
Oct 31, 2006
$550,000
Ldc Strongsville LLC
Broski Gerald F Trust
Warranty Deed
$1,030,000 · Lasalle National Bank
—
—
Ldc Strongsville LLC
—
Deed Of Trust
related
$915,000 · First Fed'l S&l/lakewood
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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