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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Medical Office Space
21375 Lorain Rd Fairview Park, OH 44126-2122
Entity Owned
12-yr Hold
Free & Clear
Property ID
US66-1302876
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
TYPE NOT SPECIFIED
Total area
8,132 SF
Lot
0.36 ac (15,470 SF)
Zoning code
GB-A
APN
321-33-010
UPID
US66-1302876
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
$718k
Blend (final)
Blend
$705k
Owner & transaction history
I-fairview LLC · 12 yrs held
I-fairview LLC
since 2013
5 recorded transactions
Zoning & alternative use
GB-A · Fairview Park, 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 Fairview Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairview Park 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
MEDICAL BUILDING
$885,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$825,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$725,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$87 / 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
$25,421
Tax year 2023
Assessed value
$243,950
Assessed 2023
Previous assessed
$243,950
+0.0% YoY
Effective rate
10.42%
On assessed value
Assessed land
$34,090
Assessed improvement
$209,860
Land market value
$97,400
Improvement market value
$599,600
Total market value
$697,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1986
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
8,132 SF
Lot
0.36 ac (15,470 SF)
Zoning code
GB-A
APN
321-33-010
UPID
US66-1302876
Jurisdiction
CUYAHOGA
Zoning & alternative use
GB-A · Fairview Park, OH
Zoning GB-A · permitted uses
GB-A · Fairview Park, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fairview Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$885,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$825,000
AUTO REPAIR, GARAGE
Est. value
$725,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1986
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
I-fairview LLC
Entity
Free & Clear · 12 yrs held
Mailing address
21375 LORAIN RD, CLEVELAND, OH 44126-2122
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
May 5, 2020
—
I-fairview LLC
—
Deed
related
$1,597,500 · Wells Fargo Bk
Oct 24, 2013
—
I-fairview LLC
Long Boat IV LLC
Quit Claim Deed
related
—
Jun 5, 2012
—
Long Boat IV LLC
Caravella Family Investment LP
Quit Claim Deed
related
$960,000 · Pnc Bank
Jan 5, 1998
—
Caravella Family Investment LP
Caravella,louis P
Quit Claim Deed
related
—
—
—
I-fairview LLC
—
Deed Of Trust
related
$1,597,500 · Wells Fargo 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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