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Property profile & analytics
OFF-MARKET
Estimated value
$1,220,000
Banks
20133 Farnsleigh Rd Shaker Heights, OH 44122-3615
Individually Owned
16-yr Hold
Free & Clear
Property ID
US66-0800695
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1965
Construction
CONCRETE
Total area
17,415 SF
Lot
1.29 ac (56,005 SF)
Zoning code
CM
APN
736-10-006
UPID
US66-0800695
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
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.22M
Owner & transaction history
New York Cmnty Bk · 16 yrs held
New York Cmnty Bk
since 2010
1 recorded transaction
Zoning & alternative use
CM · Shaker Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is to encourage a compact mix of retail, service, office, housing and public activities to coexist in a manner that reflects human scale and emphasizes pedestrian orientation, taking advantage of the convenience provided by multi-modal transportation options and the vitality that mixed uses can bring to a community
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
103.24 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 Shaker Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shaker 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.22M
Range $1.10M – $1.34M · ±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
$70 / 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
$63,427
Tax year 2023
Assessed value
$455,500
Assessed 2023
Previous assessed
$455,500
+0.0% YoY
Effective rate
13.92%
On assessed value
Assessed land
$205,840
Assessed improvement
$249,660
Land market value
$588,100
Improvement market value
$713,300
Total market value
$1,301,400
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1965
Construction
CONCRETE
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Total area
17,415 SF
Lot
1.29 ac (56,005 SF)
Zoning code
CM
APN
736-10-006
UPID
US66-0800695
Jurisdiction
CUYAHOGA
Zoning & alternative use
CM · Shaker Heights, OHZoning CM · permitted uses
CM · Shaker Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District is to encourage a compact mix of retail, service, office, housing and public activities to coexist in a manner that reflects human scale and emphasizes pedestrian orientation, taking advantage of the convenience provided by multi-modal transportation options and the vitality that mixed uses can bring to a community
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
103.24 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1965
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
1.29 ac
Current owner
From public records · entity-resolved
New York Cmnty Bk
Individual
Free & Clear · 16 yrs held
Mailing address
1801 E 9TH ST STE #1025, CLEVELAND, OH 44114-3188
Ownership since
2010
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
Jun 21, 2010
—
New York Cmnty Bk
Amtrust Bk
Grant 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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