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Property profile & analytics
OFF-MARKET
Estimated value
$3,525,000
Medical Office Space
18599 Lk Shr Blvd Euclid, OH 44119-1093
Individually Owned
21-yr Hold
Free & Clear
Property ID
US66-3505896
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Construction
TYPE NOT SPECIFIED
Total area
24,192 SF
Lot
5.02 ac (218,615 SF)
Zoning code
U8
APN
641-02-034
UPID
US66-3505896
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
$3.70M
Comparable Approach
Comparable
$3.99M
Blend (final)
Blend
$3.53M
Owner & transaction history
University Hosps Heatlh System · 21 yrs held
University Hosps Heatlh System
since 2004
1 recorded transaction
Zoning & alternative use
U8 · Euclid, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
. 1359.08 LOT AREA AND SETBACK REQUIREMENTS. CHAPTER 1360 U5 Commercial Districts (Repealed) CHAPTER 1361 U6 Industrial and Manufacturing Districts (Repealed) CHAPTER 1362 U7 Light Industrial Park Districts CHAPTER 1363 U8 Office Building Districts CHAPTER 1364 C-I Campus Institutional District CHAPTER 1365 Overlay Districts Chapter 1368 Conditional Use Appr…
Zone name
Office Building
General category
OPEN_SPACE
Zone area
70.10 ac
Top alternative use upside
Restaurant
$4.1M
+55.2%
Office building
$3.9M
+48.8%
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 Euclid submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Euclid 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%
$4,005,000
6.5%
$3,700,000
7%
$3,435,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,630,000
Current use
RESTAURANT
$4,080,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$3,915,000
Change: +49% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,450,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,150,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.53M
Range $3.17M – $3.88M · ±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
$146 / 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
$221,348
Tax year 2023
Assessed value
$2,018,140
Assessed 2023
Previous assessed
$2,018,140
+0.0% YoY
Effective rate
10.97%
On assessed value
Assessed land
$321,370
Assessed improvement
$1,696,770
Land market value
$918,200
Improvement market value
$4,847,900
Total market value
$5,766,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2015
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
24,192 SF
Lot
5.02 ac (218,615 SF)
Zoning code
U8
APN
641-02-034
UPID
US66-3505896
Jurisdiction
CUYAHOGA
Zoning & alternative use
U8 · Euclid, OHZoning U8 · permitted uses
U8 · Euclid, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
. 1359.08 LOT AREA AND SETBACK REQUIREMENTS. CHAPTER 1360 U5 Commercial Districts (Repealed) CHAPTER 1361 U6 Industrial and Manufacturing Districts (Repealed) CHAPTER 1362 U7 Light Industrial Park Districts CHAPTER 1363 U8 Office Building Districts CHAPTER 1364 C-I Campus Institutional District CHAPTER 1365 Overlay Districts Chapter 1368 Conditional Use Approval Procedures and Regulations TITLE ELEVEN - Provisions Affecting Use, Structure
Zone name
Office Building
General category
OPEN_SPACE
Zone area
70.10 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.6M
RESTAURANT
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.2M
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2015
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
5.02 ac
Current owner
From public records · entity-resolved
University Hosps Heatlh System
Individual
Free & Clear · 21 yrs held
Mailing address
22750 ROCKSIDE RD #15, BEDFORD, OH 44146-1574
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2004
—
University Hosps Heatlh System
University Mednet INC
Quit Claim Deed
related
—
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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