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Property profile & analytics
FOR LEASE
Community centers
21810 Center Ridge Rd, Rocky River, OH 44116
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1330308
For Lease
1 / 6
$11,965,000
21810 Center Ridge Rd, Rocky River, OH 44116
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1961
Construction
TYPE NOT SPECIFIED
Total area
127,458 SF
Lot
13.35 ac (581,700 SF)
Zoning code
GB
APN
303-21-004
UPID
US66-1330308
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
by Request
Blend (final)
Blend
$11.97M
Owner & transaction history
City Of Rocky River · 1 yrs held
City Of Rocky River
since 2025
7 recorded transactions
Zoning & alternative use
GB · Rocky River, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.9M
+7.3%
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
NEIGHBORHOOD: SHOPPING CENTER
$12,910,000
Current use
MEDICAL BUILDING
$13,850,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$11,340,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,560,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$11.97M
Range $10.77M – $13.16M · ±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
$94 / 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
$455,230
Tax year 2023
Assessed value
$4,670,750
Assessed 2023
Previous assessed
$4,670,750
+0.0% YoY
Effective rate
9.75%
On assessed value
Assessed land
$1,878,100
Assessed improvement
$2,792,650
Land market value
$5,366,000
Improvement market value
$7,979,000
Total market value
$13,345,000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1961
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
127,458 SF
Lot
13.35 ac (581,700 SF)
Zoning code
GB
APN
303-21-004
UPID
US66-1330308
Jurisdiction
CUYAHOGA
Zoning & alternative use
GB · Rocky River, OH
Zoning GB · permitted uses
GB · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$12.9M
MEDICAL BUILDING
Est. value
$13.9M
AUTO REPAIR, GARAGE
Est. value
$11.3M
COMMERCIAL (GENERAL)
Est. value
$10.6M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1961
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
13.35 ac
Current owner
From public records · entity-resolved
City Of Rocky River
Entity
Free & Clear · 1 yrs held
Mailing address
4053 MAPLE RD, AMHERST, NY 14226-1058
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2025
—
City Of Rocky River
Srk Perrysburg Associates LLC
Warranty Deed
—
Nov 14, 2003
—
Srk Perrysburg Associates LLC
—
Trustees Deed
related
$6,600,000 · Lasalle National Bank
Oct 18, 2000
$1,325,000
James Ratner Trustee
Carney Trust
Grant Deed
—
Jan 21, 1999
$12,500
Biddulph Ridge Ltd
Peter D Kleist Trustee
Trustees Deed
—
Jan 21, 1999
—
Carney Trust
Peter D Kleist Trustee
Trustees Deed
related
—
—
—
Srk Perrysburg Associates LLC
—
Deed Of Trust
related
$11,000,000 · Woodmen Of World Life Insuranc
—
—
Srk Perrysburg Associates LLC
—
Deed Of Trust
related
$11,500,000 · Transamerica Occidental Life
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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