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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Manufacturing properties
20260 1st Ave Middleburg Heights, OH 44130-2430
Entity Owned
27-yr Hold
Free & Clear
Property ID
US66-2587521
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1954
Construction
TYPE NOT SPECIFIED
Total area
34,172 SF
Lot
3.57 ac (155,379 SF)
Zoning code
GI
APN
371-01-029
UPID
US66-2587521
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
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$708k
Blend (final)
Blend
$665k
Owner & transaction history
H & B Partners Ltd · 27 yrs held
H & B Partners Ltd
since 1998
6 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
Method
Estimation
Statistic approach
by Request
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$19 / 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
$27,797
Tax year 2023
Assessed value
$321,060
Assessed 2023
Previous assessed
$321,060
+0.0% YoY
Effective rate
8.66%
On assessed value
Assessed land
$82,390
Assessed improvement
$238,670
Land market value
$235,400
Improvement market value
$681,900
Total market value
$917,300
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
1954
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
34,172 SF
Lot
3.57 ac (155,379 SF)
Zoning code
GI
APN
371-01-029
UPID
US66-2587521
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
1954
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
3.57 ac
Current owner
From public records · entity-resolved
H & B Partners Ltd
Entity
Free & Clear · 27 yrs held
Mailing address
20260 1ST AVE, MIDDLEBURG HEIGHTS, OH 44130-2430
Ownership since
1998
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
Sep 13, 2006
—
H & B Partners Ltd
—
Deed Of Trust
related
$1,845,431 · Firstmerit Bank NA
Dec 22, 1998
—
H & B Partners Ltd
Haas,clarence J
Quit Claim Deed
related
—
—
—
H & B Partners Ltd
—
Deed Of Trust
related
$100,000 · Firstmerit Bank NA
—
—
H & B Partners Ltd
—
Deed Of Trust
related
$100,000 · Firstmerit Bank NA
—
—
H & B Partners Ltd
—
Deed Of Trust
related
$50,000 · First Federal Of Lakewood
—
—
H & B Partners Ltd
—
Deed Of Trust
related
$460,000 · Fifth Third Bank
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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