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Property profile & analytics
OFF-MARKET
Estimated value
$1,535,000
Manufacturing properties
19621 Lk Rd Rocky River, OH 44116-1840
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-1931415
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1920
Construction
FRAME
Total area
2,530 SF
Lot
1.54 ac (66,990 SF)
Zoning code
LB
APN
301-18-004
UPID
US66-1931415
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
$1.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.54M
Owner & transaction history
Roundstone Real Estate LLC · 3 yrs held
Roundstone Real Estate LLC
since 2023
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
LB · Rocky River, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Rocky River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rocky River 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
$1,565,000
ML approach
$1,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.54M
Range $1.38M – $1.69M · ±10% · vs last sale $1.53M (Apr 24 2025)
Last sale anchor
$1.53M
Apr 24 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
$607 / 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
$17,101
Tax year 2023
Assessed value
$175,460
Assessed 2023
Previous assessed
$175,460
+0.0% YoY
Effective rate
9.75%
On assessed value
Assessed land
$117,250
Assessed improvement
$58,210
Land market value
$335,000
Improvement market value
$166,300
Total market value
$501,300
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
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
NONE
Buildings
3
Stories
2
Rooms
8
Bathrooms
1
Total area
2,530 SF
Lot
1.54 ac (66,990 SF)
Zoning code
LB
APN
301-18-004
UPID
US66-1931415
Jurisdiction
CUYAHOGA
Zoning & alternative use
LB · Rocky River, OH
Zoning LB · permitted uses
LB · Rocky River, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rocky River. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Rooms
8
Bathrooms
1
Lot
1.54 ac
Current owner
From public records · entity-resolved
Roundstone Real Estate LLC
Entity
Free & Clear · 3 yrs held
Mailing address
15422 DETROIT AVE, LAKEWOOD, OH 44107-3830
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2023
—
Roundstone Real Estate LLC
Cleveland Cuyahoga Cnty Port Author
Lease
—
Jun 20, 2023
$483,333
Lake Road Rocky River LLC
Susan Barrett Harty
Fiduciary Deed
—
Jun 20, 2023
$241,667
Lake Road Rocky River LLC
Susan Barrett Harty
Limited Warranty Deed
—
Jun 20, 2023
$725,000
Lake Road Rocky River LLC
Kenneth Barrett
Fiduciary Deed
—
Dec 2, 2010
—
Barrett Family Trust
Barrett,thomas R & Angela M
Quit Claim Deed
related
—
May 23, 2007
—
Barrett Family Trust
Barrett,thomas R & Angela M
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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