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Property profile & analytics
OFF-MARKET
Estimated value
$6,685,000
Office buildings
21848 Commerce Pkwy, Strongsville, OH 44149-5559
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-6134391
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
TYPE NOT SPECIFIED
Total area
142,440 SF
Lot
10.11 ac (440,217 SF)
Zoning code
GI
APN
394-03-011
UPID
US66-6134391
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
$5.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.73M
Blend (final)
Blend
$6.69M
Owner & transaction history
Treeview Cleveland LLC · 4 yrs held
Treeview Cleveland LLC
since 2022
Last sale
$5.6M
7 recorded transactions
Zoning & alternative use
GI · Strongsville, 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 Strongsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Strongsville 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
$7,880,000
ML approach
$5,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.69M
Range $6.02M – $7.35M · ±10% · vs last sale $5.62M (Mar 18 2022)
Last sale anchor
$5.62M
Mar 18 2022
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
$47 / 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
$180,161
Tax year 2023
Assessed value
$2,205,000
Assessed 2023
Previous assessed
$2,205,000
+0.0% YoY
Effective rate
8.17%
On assessed value
Assessed land
$252,910
Assessed improvement
$1,952,090
Land market value
$722,600
Improvement market value
$5,577,400
Total market value
$6,300,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
142,440 SF
Lot
10.11 ac (440,217 SF)
Zoning code
GI
APN
394-03-011
UPID
US66-6134391
Jurisdiction
CUYAHOGA
Zoning & alternative use
GI · Strongsville, OH
Zoning GI · permitted uses
GI · Strongsville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Strongsville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
10.11 ac
Current owner
From public records · entity-resolved
Treeview Cleveland LLC
Entity
Mailing address
1600 JOHN F KENNEDY BLVD STE #1010, PHILADELPHIA, PA 19103-2800
Ownership since
2022
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
Mar 18, 2022
$5,617,000
Treeview Cleveland LLC
Cleveland Owner Corp
Limited Warranty Deed
—
Nov 24, 2021
$985,000
G5 Investments LLC
Industrial Land Partners Holdings L
Limited Warranty Deed
—
Mar 13, 2012
—
Cleveland Owner Corp
—
Deed Of Trust
related
$30,000,000 · J P Morgan Chase Bank
Jan 4, 2007
$7,850,000
Cleveland Owner Corp
Fr Commerce Parkway LLC
Grant Deed
—
Oct 17, 2006
$1,690,087
Industrial Land Partners LLC
Duke Construction
Grant Deed
$10,000,000 · Lubert-adler R/e Fund V LP
Jul 17, 2006
—
Duke Realty Ohio
Duke Realty
Quit Claim Deed
related
—
Jul 17, 2006
$594,000
Duke Realty
Duke Construction
Warranty Deed
related
—
—
—
Industrial Land Partners LLC
—
Deed Of Trust
related
$9,250,000 · Integra 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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