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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Office buildings
18400 Pearl Rd, Strongsville, OH 44136-6923
Entity Owned
Free & Clear
Property ID
US66-1605502
Property summary
AI-generated overview
This single-story, 9,460-square-foot Class B office building, constructed in 1999, is located at 18400 Pearl Road in Strongsville, Ohio, 44136, within Cuyahoga County. The asking price is $1,250,000, translating to $132.14 per square foot. The property boasts a modern, well-maintained interior, ideal for professional use. Its high-visibility location benefits from a daily traffic count of 9,340 vehicles. Ample parking is available for employees and visitors, and the building offers convenient access to major highways and thoroughfares. The layout is versatile and allows for customization or expansion to meet specific needs. This presents a strong potential for rental income and a high return on investment. Its proximity to various amenities and services further enhances its appeal. This is a prime investment opportunity in a thriving area.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
WOOD
Total area
9,460 SF
Lot
0.78 ac (33,846 SF)
Zoning code
GB
APN
394-26-118
UPID
US66-1605502
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
$1.18M
Blend (final)
Blend
$1.14M
Owner & transaction history
18400 Pearl Road LLC
18400 Pearl Road LLC
since 2025
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
GB · Strongsville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,530,000
Current use
RESTAURANT
$1,595,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±10% · vs last sale $1.02M (Dec 10 2025)
Last sale anchor
$1.02M
Dec 10 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
$120 / 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
$20,636
Tax year 2023
Assessed value
$252,570
Assessed 2023
Previous assessed
$252,570
+0.0% YoY
Effective rate
8.17%
On assessed value
Assessed land
$50,300
Assessed improvement
$202,270
Land market value
$143,700
Improvement market value
$577,900
Total market value
$721,600
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
1999
Construction
WOOD
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
9,460 SF
Lot
0.78 ac (33,846 SF)
Zoning code
GB
APN
394-26-118
UPID
US66-1605502
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
$1.5M
RESTAURANT
Est. value
$1.6M
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
1999
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
18400 Pearl Road LLC
Entity
Free & Clear · 0 yrs held
Mailing address
18400 PEARL RD, STRONGSVILLE, OH 44136-6923
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2025
$1,021,100
18400 Pearl Road LLC
Tfi Properties LLC
Warranty Deed
—
Apr 21, 2009
—
Tfi Properties LLC
—
Trustees Deed
related
$350,000 · National City Bank
Oct 18, 2002
—
Consadon Ltd
Woods Of Strongville HOA
Quit Claim Deed
related
—
Jun 25, 1999
$80,000
Consadon Ltd
Development Partners LP
Grant Deed
—
—
—
Consadon Ltd
—
Deed Of Trust
related
$612,000 · Park View Fsb
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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