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Property profile & analytics
OFF-MARKET
Apartment buildings
200 Chatham Way 50 Mayfield Heights, OH 44124-2051
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2486309
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1956
Construction
FRAME
Total area
1,636 SF
Lot
12.21 ac (531,742 SF)
Zoning code
U-3A
APN
862-25-001
UPID
US66-2486309
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
Hamilton House LLC · 10 yrs held
Hamilton House LLC
since 2016
2 recorded transactions
Zoning & alternative use
U-3A · Mayfield Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of thisa district is to promote Medium High-Rise Apartment uses
Zone name
Medium High Rise Type Apartment House
General category
UNKNOWN
Zone area
33.18 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 Mayfield Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mayfield 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
$747,791
Tax year 2023
Assessed value
$8,272,540
Assessed 2023
Previous assessed
$8,272,540
+0.0% YoY
Effective rate
9.04%
On assessed value
Assessed land
$1,088,750
Assessed improvement
$7,183,790
Land market value
$3,110,700
Improvement market value
$20,525,100
Total market value
$23,635,800
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1956
Construction
FRAME
Heating
FORCED AIR
Cooling
NONE
Buildings
3
Stories
1
Rooms
5
Bathrooms
1
Total area
1,636 SF
Lot
12.21 ac (531,742 SF)
Zoning code
U-3A
APN
862-25-001
UPID
US66-2486309
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-3A · Mayfield Heights, OHZoning U-3A · permitted uses
U-3A · Mayfield Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of thisa district is to promote Medium High-Rise Apartment uses
Zone name
Medium High Rise Type Apartment House
General category
UNKNOWN
Zone area
33.18 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1956
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Rooms
5
Bathrooms
1
Lot
12.21 ac
Current owner
From public records · entity-resolved
Hamilton House LLC
Entity
Mailing address
22730 FAIRVIEW DR, CLEVELAND, OH 44126
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2022
—
Hamilton House LLC
—
Deed
related
$23,000,000 · John Hancock Life Insurance Company USA
Feb 11, 2016
—
Hamilton House LLC
Hamilton House Apartments Ltd
Quit Claim Deed
related
$18,000,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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