Technical
Financial
Distress signals
Property profile

21337 Drake Rd Strongsville, OH 44149

OFF-MARKET
Warehouses
Property ID
US66-5989702
17,865 SF 3.16 ac lot Built 1988
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1988
Construction TYPE NOT SPECIFIED
Total area 17,865 SF
Lot 3.16 ac (137,650 SF)
Zoning code GI
APN 394-12-010
UPID US66-5989702

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Renovation Specialist

Location

21337 Drake Rd Strongsville, OH 44149-6601
Strongsville metro Census 186206 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.68M
CAP Approach CAP
$1.37M
Comparable Approach Comparable
$1.23M
Blend (final) Blend
$1.82M

Owner & transaction history

since 2020
Last sale
$1.5M
6 recorded transactions
2020
$1.5M
2015
$1.6M
2008
Price N/A
2008
$1.5M
2004
Price N/A
1998
$1.8M

Zoning & alternative use

GI · Strongsville, OH
Zoning description

Buildings and land shall be used, and buildings shall be designed, erected, altered, moved and maintained, in whole or in part, in a General Industrial District

General category INDUSTRIAL
Top alternative use upside
Medical building $1.9M +112.2%
Neighborhood: shopping center $1.8M +97.8%
Auto repair, garage $1.6M +73.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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