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Property profile & analytics
OFF-MARKET
Garden apartment buildings
20550 University Blvd, Shaker Heights, OH 44122-1952
Individually Owned
13-yr Hold
Free & Clear
Property ID
US66-3612127
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Lot
0.24 ac (10,521 SF)
Zoning code
MF
APN
734-04-029
UPID
US66-3612127
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
North Park Terrace Apartments · 13 yrs held
North Park Terrace Apartments
since 2013
6 recorded transactions
Zoning & alternative use
MF · Shaker Heights, 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 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
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
$1,824
Tax year 2023
Assessed value
$12,390
Assessed 2023
Previous assessed
$12,390
+0.0% YoY
Effective rate
14.72%
On assessed value
Assessed land
$12,390
Land market value
$35,400
Total market value
$35,400
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Heating
NONE
Lot
0.24 ac (10,521 SF)
Zoning code
MF
APN
734-04-029
UPID
US66-3612127
Jurisdiction
CUYAHOGA
Zoning & alternative use
MF · Shaker Heights, OH
Zoning MF · permitted uses
MF · Shaker Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shaker Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
North Park Terrace Apartments
Individual
Free & Clear · 13 yrs held
Mailing address
20550 UNIVERSITY BLVD, SHAKER HEIGHTS, OH 44122-1952
Ownership since
2013
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
Feb 22, 2013
—
North Park Terrace Apartments
North Park Terrace Apartments
Quit Claim Deed
related
—
Apr 13, 2012
—
Jg Npa LLC
North Park Gci LLC
Grant Deed
$400,000 · Delray Mortgage & Finance INC
Oct 5, 2011
—
North Park Gci LLC
North Park Apartments LLC
Quit Claim Deed
related
—
Sep 30, 2011
—
North Park Apartments LLC
Goldberg,larry
Quit Claim Deed
related
—
Dec 15, 2003
—
North Park Apartments LLC
Goldberg,jack Est
Quit Claim Deed
related
—
—
—
North Park Terrace Apartments
—
Deed Of Trust
related
$1,000,000 · Symetra Life Insurance 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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