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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Warehouses
19388 Progress Dr Strongsville, OH 44149-3232
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-3820362
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2014
Construction
TYPE NOT SPECIFIED
Total area
23,552 SF
Lot
2 ac (87,120 SF)
Zoning code
CS
APN
392-26-010
UPID
US66-3820362
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
$1.97M
CAP Approach
CAP
$1.81M
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.79M
Owner & transaction history
Rumaani Holdings LLC · 4 yrs held
Rumaani Holdings LLC
since 2022
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
CS · Strongsville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.6M
+112.2%
Neighborhood: shopping center
$2.4M
+97.8%
Auto repair, garage
$2.1M
+73.7%
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
$1,910,000
ML approach
$1,970,000
CAP Approach
CAP Return
Estimation
6%
$1,960,000
6.5%
$1,810,000
7%
$1,680,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,205,000
Current use
MEDICAL BUILDING
$2,560,000
Change: +112% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,385,000
Change: +98% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,095,000
Change: +74% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,950,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,745,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±10% · vs last sale $2.35M (May 3 2022)
Last sale anchor
$2.35M
May 3 2022
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
$76 / 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
$37,697
Tax year 2023
Assessed value
$461,370
Assessed 2023
Previous assessed
$461,370
+0.0% YoY
Effective rate
8.17%
On assessed value
Assessed land
$50,050
Assessed improvement
$411,320
Land market value
$143,000
Improvement market value
$1,175,200
Total market value
$1,318,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2014
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
23,552 SF
Lot
2 ac (87,120 SF)
Zoning code
CS
APN
392-26-010
UPID
US66-3820362
Jurisdiction
CUYAHOGA
Zoning & alternative use
CS · Strongsville, OH
Zoning CS · permitted uses
CS · 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
WAREHOUSE, STORAGE Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
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
2014
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Rumaani Holdings LLC
Entity
Mailing address
266 REDDING WAY, CARSON CITY, NV 89705-6969
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
$2,350,000
Rumaani Holdings LLC
V F Partners Progress LLC
Warranty Deed
$1,762,500 · Us Bank NA
May 3, 2022
—
Nst Northwest LLC
V F Partners Progress LLC
Lease
—
Aug 28, 2019
—
Vf Partners Progress LLC
—
Deed
related
$25,000 · Michelle Galaida
Apr 9, 2014
—
Vf Partners Progress LLC
Vf Partners Ltd
Quit Claim Deed
related
$1,447,000 · Huntington Nat'l Bk
Jan 23, 2013
$68,000
V F Partners Ltd
Sheriff Of Cuyahoga County
Trustees Deed
—
Nov 10, 2005
—
Progress Of Strongsville LLC
—
Trustees Deed
related
$515,625 · Firstmerit Bank NA
—
—
Vf Partners Progress LLC
—
Deed Of Trust
related
$517,649 · Walter S & Leslie Rapacz
—
—
Vf Partners Progress LLC
—
Deed Of Trust
related
$25,000 · Michelle Galaida
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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