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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Office buildings
22005 Mastick Rd Fairview Park, OH 44126-3157
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-0470332
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
TYPE NOT SPECIFIED
Total area
5,742 SF
Lot
0.56 ac (24,198 SF)
Zoning code
GB-A
APN
331-30-001
UPID
US66-0470332
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
$832k
Blend (final)
Blend
$795k
Owner & transaction history
Hospitality Properties Two LLC · 10 yrs held
Hospitality Properties Two LLC
since 2015
7 recorded transactions
Zoning & alternative use
GB-A · Fairview Park, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$970,000
+4.3%
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 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
OFFICE BUILDING
$930,000
Current use
RESTAURANT
$970,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$138 / 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
$16,777
Tax year 2023
Assessed value
$161,000
Assessed 2023
Previous assessed
$161,000
+0.0% YoY
Effective rate
10.42%
On assessed value
Assessed land
$42,350
Assessed improvement
$118,650
Land market value
$121,000
Improvement market value
$339,000
Total market value
$460,000
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
1988
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
5,742 SF
Lot
0.56 ac (24,198 SF)
Zoning code
GB-A
APN
331-30-001
UPID
US66-0470332
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
OFFICE BUILDING Current
Est. value
$930,000
RESTAURANT
Est. value
$970,000
OFFICE BUILDING Current
RESTAURANT
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
1988
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.56 ac
Current owner
From public records · entity-resolved
Hospitality Properties Two LLC
Entity
Mailing address
19111 DETROIT RD STE #304, ROCKY RIVER, OH 44116-1740
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Oct 19, 2021
—
Hospitality Properties Two LLC
—
Deed
related
$800,000 · Civista Bank
Apr 9, 2020
—
Hospitality Properties Two LLC
—
Deed
related
$100,000 · Civista Bk
Apr 22, 2016
—
Hospitality Properties Two LLC
—
Trustees Deed
related
$750,000 · Civista Bk
Nov 5, 2015
$392,000
Hospitality Properties Two LLC
Maddock Industries LLC
Grant Deed
$2,416,000 · Citizens Bkng
Apr 2, 2009
$535,000
Maddock Industries LLC
Catholic Order Of Foresters
Warranty Deed
$500,000 · Dollar Bank Fsb
—
—
Hospitality Properties Two LLC
—
Deed Of Trust
related
$100,000 · Civista Bk
—
—
Maddock Industries LLC
—
Deed Of Trust
related
$412,000 · J P Morgan Chase Bank
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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