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Property profile & analytics
OFF-MARKET
Estimated value
$1,365,000
Office buildings
20820 Chagrin Blvd Shaker Heights, OH 44122-5323
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-1516687
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1957
Total area
37,677 SF
Lot
1.1 ac (47,817 SF)
Zoning code
O
APN
736-14-053
UPID
US66-1516687
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
$1.64M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.37M
Owner & transaction history
Ctl Real Estate Co LLC · 6 yrs held
Ctl Real Estate Co LLC
since 2020
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
O · 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
Method
Estimation
Statistic approach
$1,495,000
ML approach
$1,635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.37M
Range $1.23M – $1.50M · ±10% · vs last sale $1.25M (Jun 4 2020)
Last sale anchor
$1.25M
Jun 4 2020
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
$36 / 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
$67,643
Tax year 2023
Assessed value
$487,840
Assessed 2023
Previous assessed
$258,520
+88.7% YoY
Effective rate
13.87%
On assessed value
Assessed land
$83,690
Assessed improvement
$404,150
Land market value
$239,100
Improvement market value
$1,154,700
Total market value
$1,393,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1957
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
37,677 SF
Lot
1.1 ac (47,817 SF)
Zoning code
O
APN
736-14-053
UPID
US66-1516687
Jurisdiction
CUYAHOGA
Zoning & alternative use
O · Shaker Heights, OH
Zoning O · permitted uses
O · 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
Year built
1957
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
2
Lot
1.1 ac
Current owner
From public records · entity-resolved
Ctl Real Estate Co LLC
Entity
Mailing address
20521 CHAGRIN BLVD, BEACHWOOD, OH 44122-5301
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2023
—
Ctl Real Estate Company LLC
—
Deed
related
$5,300,000 · Tri-county Bank & Trust Co
Oct 12, 2022
—
Ctl Real Estate Company LLC
—
Deed
related
$1,150,000 · Tri-county Bank & Trust Co
Jun 4, 2020
$1,250,000
Ctl Real Estate Co LLC
Link Realty LLC
Grant Deed
—
May 23, 2019
—
Link Realty LLC
—
Trustees Deed
related
$896,000 · Huntington Nat'l Bk
Apr 19, 2019
$650,000
Link Realty LLC
Us Bk NA
Grant Deed
—
Mar 20, 2018
$1,867,000
Us Bk NA Series 2005-pwr9 Tr
Sheriff Of Cuyahoga County|20820 Chagrin Corp Cent
Trustees Deed
related
—
Sep 28, 2001
$925,000
20820 Chargin Corporate Center
Guardian Savings Bank Fsb
Grant Deed
$2,840,000 · Fifth Third Bank
Jun 19, 1998
$1,100,000
Savings Guardian
Porter,frank H
Grant Deed
related
—
—
—
20820 Chagrin Corporate Ctr Ll
—
Deed Of Trust
related
$3,150,000 · * Other Institutional Lenders
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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