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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Residential income homes
20595 Albion Rd Strongsville, OH 44149-2367
Entity Owned
3-yr Hold
Property ID
US66-1916861
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1964
Construction
TYPE NOT SPECIFIED
Total area
3,832 SF
Lot
0.87 ac (37,822 SF)
Zoning code
RMF-1
APN
392-17-012
UPID
US66-1916861
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
$500k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$401k
Blend (final)
Blend
$515k
Owner & transaction history
168 Real Estate Holding LLC · 3 yrs held
168 Real Estate Holding LLC
since 2023
Last sale
$520,000
5 recorded transactions
Zoning & alternative use
RMF-1 · Strongsville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the zone to promote Multi family dwellings community based residential care facilities.
Zone name
Multifamily 1
General category
RESIDENTIAL
Zone area
130.46 ac
Source
Realmo
Top alternative use upside
Medical building
$415,000
+46.9%
Neighborhood: shopping center
$390,000
+36.9%
Auto repair, garage
$340,000
+20.3%
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 Strongsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Strongsville 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
$530,000
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$415,000
Change: +47% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$390,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$340,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$320,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $520k (Jan 27 2023)
Last sale anchor
$520k
Jan 27 2023
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
$134 / 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
$7,727
Tax year 2023
Assessed value
$94,570
Assessed 2023
Previous assessed
$94,570
+0.0% YoY
Effective rate
8.17%
On assessed value
Assessed land
$46,480
Assessed improvement
$48,090
Land market value
$132,800
Improvement market value
$137,400
Total market value
$270,200
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1964
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
4
Bathrooms
4
Total area
3,832 SF
Lot
0.87 ac (37,822 SF)
Zoning code
RMF-1
APN
392-17-012
UPID
US66-1916861
Jurisdiction
CUYAHOGA
Zoning & alternative use
RMF-1 · Strongsville, OHZoning RMF-1 · permitted uses
RMF-1 · Strongsville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the zone to promote Multi family dwellings community based residential care facilities.
Zone name
Multifamily 1
General category
RESIDENTIAL
Zone area
130.46 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$415,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$390,000
AUTO REPAIR, GARAGE
Est. value
$340,000
COMMERCIAL (GENERAL)
Est. value
$320,000
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.87 ac
Current owner
From public records · entity-resolved
168 Real Estate Holding LLC
Entity
Mailing address
3006 BROADVIEW RD, CLEVELAND, OH 44109-3310
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2023
$520,000
168 Real Estate Holding LLC
Shannondoah LLC
Warranty Deed
$120,000 · Shannondoah LLC
Nov 6, 2017
$77,900
Shannondoah LLC
Shannondoah LLC
Warranty Deed
related
$337,500 · Westfield Bk Fsb
May 13, 2016
—
Shannondoah LLC
Shannondoah LLC
Quit Claim Deed
related
—
Dec 31, 2012
—
Shannondoah LLC
Shannondoah INC
Quit Claim Deed
related
—
Sep 14, 2012
$205,000
Shannondoah INC
Prudhoe,mark A
Warranty Deed
—
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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