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Property profile & analytics
OFF-MARKET
Estimated value
$2,430,000
Outlet malls
21201 Ctr Rdg Rd, Rocky River, OH 44116-3203
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-1282921
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1999
Construction
TYPE NOT SPECIFIED
Total area
30,133 SF
Lot
2.84 ac (123,928 SF)
Zoning code
GB-B
APN
323-28-008
UPID
US66-1282921
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
$2.41M
Blend (final)
Blend
$2.43M
Owner & transaction history
Center Ridge Realty LLC · 7 yrs held
Center Ridge Realty LLC
since 2018
7 recorded transactions
Zoning & alternative use
GB-B · Rocky River, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.3M
+69.5%
Neighborhood: shopping center
$3.1M
+58.1%
Auto repair, garage
$2.7M
+38.8%
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 Rocky River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rocky River 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
RETAIL STORES
$1,930,000
Current use
MEDICAL BUILDING
$3,275,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,050,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,680,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,495,000
Change: +29% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,230,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$2.43M
Range $2.19M – $2.67M · ±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
$81 / 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
$127,170
Tax year 2023
Assessed value
$1,272,250
Assessed 2023
Previous assessed
$1,040,060
+22.3% YoY
Effective rate
10.00%
On assessed value
Assessed land
$477,120
Assessed improvement
$795,130
Land market value
$1,363,200
Improvement market value
$2,271,800
Total market value
$3,635,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1999
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
30,133 SF
Lot
2.84 ac (123,928 SF)
Zoning code
GB-B
APN
323-28-008
UPID
US66-1282921
Jurisdiction
CUYAHOGA
Zoning & alternative use
GB-B · Rocky River, OH
Zoning GB-B · permitted uses
GB-B · Rocky River, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rocky River. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1999
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.84 ac
Current owner
From public records · entity-resolved
Center Ridge Realty LLC
Entity
Mailing address
6055 ROCKSIDE WOODS BLVD N STE #100, INDEPENDENCE, OH 44131-2317
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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 21, 2018
—
Center Ridge Realty LLC
—
Deed
related
$1,100,000 · Pete Baur Buick Gmc INC
Dec 19, 2018
—
Center Ridge Realty LLC
Center Ridge Equities Ltd
Quit Claim Deed
related
—
Feb 9, 2000
—
Center Ridge Equities LP
—
Deed Of Trust
related
$2,800,000 · Jefferson-pilot Life Insurance
Oct 19, 1998
$1,200,000
Rankin Development Corp
Efc INC
Trustees Deed
—
Oct 19, 1998
—
Center Ridge Equities Ltd
Efc INC
Trustees Deed
related
—
Apr 17, 1998
$606,973
E F C INC
Stinn,edmund A
Trustees Deed
—
—
—
Center Ridge Realty LLC
—
Deed Of Trust
related
$1,100,000 · Pete Baur Buick Gmc INC
—
—
Center Ridge Realty LLC
—
Deed Of Trust
related
$3,200,000 · Tristate Cap Bk
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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