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Property profile & analytics
OFF-MARKET
Estimated value
$6,045,000
Manufacturing properties
18401 Sheldon Rd, Middleburg Heights, OH 44130-2400
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-1571565
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1979
Construction
TYPE NOT SPECIFIED
Total area
96,000 SF
Lot
6.6 ac (287,492 SF)
Zoning code
GI
APN
371-16-014
UPID
US66-1571565
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
$6.28M
CAP Approach
CAP
$5.57M
Comparable Approach
Comparable
$3.77M
Blend (final)
Blend
$6.05M
Owner & transaction history
18401 Sheldon Road LLC · 5 yrs held
18401 Sheldon Road LLC
since 2020
Last sale
$6.3M
4 recorded transactions
Zoning & alternative use
GI · Middleburg Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.7M
+134.9%
Auto repair, garage
$8.5M
+106.3%
Commercial (general)
$8.0M
+92.2%
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
$5,765,000
ML approach
$6,275,000
CAP Approach
CAP Return
Estimation
6%
$6,035,000
6.5%
$5,570,000
7%
$5,170,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,140,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,725,000
Change: +135% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,540,000
Change: +106% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,955,000
Change: +92% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,105,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$6.05M
Range $5.44M – $6.65M · ±10% · vs last sale $6.31M (Sep 10 2020)
Last sale anchor
$6.31M
Sep 10 2020
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
$63 / 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
$179,742
Tax year 2023
Assessed value
$2,152,500
Assessed 2023
Previous assessed
$1,306,450
+64.8% YoY
Effective rate
8.35%
On assessed value
Assessed land
$177,870
Assessed improvement
$1,974,630
Land market value
$508,200
Improvement market value
$5,641,800
Total market value
$6,150,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1979
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Stories
1
Total area
96,000 SF
Lot
6.6 ac (287,492 SF)
Zoning code
GI
APN
371-16-014
UPID
US66-1571565
Jurisdiction
CUYAHOGA
Zoning & alternative use
GI · Middleburg Heights, OH
Zoning 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
Middleburg Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.7M
AUTO REPAIR, GARAGE
Est. value
$8.5M
COMMERCIAL (GENERAL)
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.1M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1979
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
6.6 ac
Current owner
From public records · entity-resolved
18401 Sheldon Road LLC
Entity
Mailing address
4760 RICHMOND RD STE #200, CLEVELAND, OH 44128-5979
Ownership since
2020
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
Sep 10, 2020
$6,305,000
18401 Sheldon Road LLC
Holborn Ltd
Grant Deed
$3,975,000 · Miscellaneous Ins Co
Jan 28, 2005
$2,736,000
Holborn Ltd
Oatey Warehouse LLC
Grant Deed
$5,725,000 · Fifth Third Bank
—
—
Horborn Ltd
—
Deed Of Trust
related
$3,975,000 · Miscellaneous Ins Co
—
—
Holborn Ltd
—
Deed Of Trust
related
$5,050,000 · Principal 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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