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Property profile & analytics
OFF-MARKET
Manufacturing properties
19681 Commerce Pkwy Middleburg Heights, OH 44130-2408
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-3485171
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2021
Total area
126,000 SF
Lot
14.01 ac (610,203 SF)
Zoning code
GI
APN
371-04-001
UPID
US66-3485171
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cc Pkwy Owner LLC · 3 yrs held
Cc Pkwy Owner LLC
since 2022
Last sale
$13.7M
7 recorded transactions
Zoning & alternative use
GI · Middleburg Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The General Industrial (GI) Zoning District is designed to accommodate those light industrial, heavy industrial, office, flex space and other permitted activities which, by their character, should be relatively remote from residential development
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
566.92 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$299,921
Tax year 2023
Assessed value
$3,591,700
Assessed 2023
Previous assessed
$3,591,700
+0.0% YoY
Effective rate
8.35%
On assessed value
Assessed land
$549,150
Assessed improvement
$3,042,550
Land market value
$1,569,000
Improvement market value
$8,693,000
Total market value
$10,262,000
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
2021
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
126,000 SF
Lot
14.01 ac (610,203 SF)
Zoning code
GI
APN
371-04-001
UPID
US66-3485171
Jurisdiction
CUYAHOGA
Zoning & alternative use
GI · Middleburg Heights, OHZoning 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
Zoning description
The General Industrial (GI) Zoning District is designed to accommodate those light industrial, heavy industrial, office, flex space and other permitted activities which, by their character, should be relatively remote from residential development
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
566.92 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2021
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
14.01 ac
Current owner
From public records · entity-resolved
Cc Pkwy Owner LLC
Entity
Mailing address
1057 GLENHAVEN DR, PACIFIC PALISADES, CA 90272-2204
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
Nov 14, 2022
$13,700,000
Cc Pkwy Owner LLC
Cleveland I LLC
Limited Warranty Deed
$8,600,000 · Rga Americas Investments LLC
Sep 2, 2020
$1,515,000
Cleveland I LLC
Commerce Ltd Liabilty Co
Grant Deed
$10,270,400 · Nextier Bk NA
Dec 30, 2019
—
Commerce LLC
—
Deed
related
$20,000,000 · Huntington Nat'l Bk
Dec 27, 2019
—
Commerce LLC
—
Deed
related
$75,000,000 · Huntington Nat'l Bk
Jun 7, 2016
—
Commerce LLC
—
Deed
related
$55,000,000 · Huntington Nat'l Bk
—
—
Commerce LLC
—
Loan Modification
related
$20,000,000 · Huntington Nat'l Bk
—
—
Commerce LLC
—
Deed Of Trust
related
$55,000,000 · Huntington Nat'l Bk
—
—
Commerce LLC
—
Loan Modification
related
$75,000,000 · Huntington Nat'l Bk
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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