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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Commercial real estate
2073 Alexandria Way Macedonia, OH 44056-1998
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US66-2498422
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2007
Total area
8,078 SF
Lot
1.2 ac (52,359 SF)
APN
33-12698
UPID
US66-2498422
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
-
The Goddard School of Macedonia Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$605k
Blend (final)
Blend
$650k
Owner & transaction history
Lindley Properties II LLC · 19 yrs held
Lindley Properties II LLC
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$900,000
+97.1%
Auto repair, garage
$805,000
+76.0%
Medical building
$755,000
+65.7%
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 Macedonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Macedonia 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
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$455,000
Current use
RESTAURANT
$900,000
Change: +97% · Conversion: Difficult
AUTO REPAIR, GARAGE
$805,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$755,000
Change: +66% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$755,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$625,000
Change: +37% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$495,000
Change: +8% · Conversion: Moderate
RETAIL STORES
$475,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$80 / 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
$19,415
Tax year 2023
Assessed value
$329,060
Assessed 2023
Previous assessed
$329,060
+0.0% YoY
Effective rate
5.90%
On assessed value
Assessed land
$69,410
Assessed improvement
$259,650
Land market value
$198,310
Improvement market value
$741,850
Total market value
$940,160
Applied tax rate
33.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
8,078 SF
Lot
1.2 ac (52,359 SF)
APN
33-12698
UPID
US66-2498422
Jurisdiction
SUMMIT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$455,000
RESTAURANT
Est. value
$900,000
AUTO REPAIR, GARAGE
Est. value
$805,000
MEDICAL BUILDING
Est. value
$755,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$755,000
OFFICE BUILDING
Est. value
$625,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$495,000
RETAIL STORES
Est. value
$475,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Lindley Properties II LLC
Entity
Mailing address
2073 ALEXANDRIA WAY, MACEDONIA, OH 44056-1998
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2023
—
Lindley Properties II LLC
—
Deed
related
$850,000 · First National Bank Of Pennsylvania
Apr 29, 2019
—
Lindley Properties II LLC
—
Deed
related
$765,000 · First Nat'l Bk Pennsylvania
Mar 11, 2019
—
Lindsey Properties II LLC
—
Deed
related
$1,188,000 · First National Bank Of Pennsylvania
Jun 19, 2014
—
Lindley Properties II LLC
—
Grant Deed
related
$1,210,000 · Firstmerit Bk
Nov 6, 2006
$230,000
Lindley Properties II LLC
Alexandria Square Joint Venture
Warranty Deed
$1,260,000 · Sky Bank
—
—
Lindley Properties II LLC
—
Deed Of Trust
related
$765,000 · First Nat'l Bk Pennsylvania
—
—
Lindley Properties II LLC
—
Deed Of Trust
related
$643,000 · Citizens Federal Bank Fsb
—
—
Lindley Properties II LLC
—
Deed Of Trust
related
$775,000 · Citizens Federal Bank Fsb
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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