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Property profile & analytics
OFF-MARKET
Estimated value
$6,900,000
Outlet malls
18525 Miles Rd Cleveland, OH 44128-3444
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1009123
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1963
Total area
110,392 SF
Lot
15.93 ac (693,911 SF)
Zoning code
U-6
APN
762-05-020
UPID
US66-1009123
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
Current use
Occupant on record · Public records
-
Pontiac of Warrensville Parts Auto Parts Store
-
Car Parts Warehouse Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.43M
Blend (final)
Blend
$6.90M
Owner & transaction history
TGD LAND ENTERPRISES LLC
TGD LAND ENTERPRISES LLC
Zoning & alternative use
U-6 · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.2M
+58.1%
Auto repair, garage
$9.8M
+38.8%
Commercial (general)
$9.2M
+29.3%
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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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
RETAIL STORES
$7,075,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,185,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,820,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,150,000
Change: +29% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$8,170,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$6.90M
Range $6.21M – $7.59M · ±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
$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
$137,493
Tax year 2023
Assessed value
$1,296,410
Assessed 2023
Previous assessed
$1,296,410
+0.0% YoY
Effective rate
10.61%
On assessed value
Assessed land
$306,710
Assessed improvement
$989,700
Land market value
$876,300
Improvement market value
$2,827,700
Total market value
$3,704,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1963
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
110,392 SF
Lot
15.93 ac (693,911 SF)
Zoning code
U-6
APN
762-05-020
UPID
US66-1009123
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-6 · Cleveland, OH
Zoning U-6 · permitted uses
U-6 · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$7.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.2M
AUTO REPAIR, GARAGE
Est. value
$9.8M
COMMERCIAL (GENERAL)
Est. value
$9.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.2M
RETAIL STORES 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
1963
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
15.93 ac
Current owner
From public records · entity-resolved
TGD LAND ENTERPRISES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
16980 HUNTING MDWS DR, STRONGSVILLE, OH 44136-6225
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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