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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Commercial real estate
221 Princeton Pl Blvd Cuyahoga Falls, OH 44223
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-2953275
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2022
Total area
7,202 SF
Lot
22.07 ac (961,456 SF)
APN
35-07225
UPID
US66-2953275
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
$1.12M
Comparable Approach
Comparable
$737k
Blend (final)
Blend
$835k
Owner & transaction history
Wyoga Lake Development II LLC · 1 yrs held
Wyoga Lake Development II LLC
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$800,000
+64.9%
Auto repair, garage
$715,000
+47.2%
Neighborhood: shopping center
$675,000
+38.4%
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 Cuyahoga Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cuyahoga Falls 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%
$1,215,000
6.5%
$1,120,000
7%
$1,040,000
Alternative Use
Use
Estimation
RESTAURANT
$800,000
Change: +65% · Conversion: Difficult
AUTO REPAIR, GARAGE
$715,000
Change: +47% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$675,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$585,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$585,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
$116 / 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
$180,489
Tax year 2023
Assessed value
$2,635,340
Assessed 2023
Previous assessed
$2,635,340
+0.0% YoY
Effective rate
6.85%
On assessed value
Assessed land
$540,760
Assessed improvement
$2,094,580
Land market value
$1,545,030
Improvement market value
$5,984,520
Total market value
$7,529,550
Applied tax rate
35.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2022
Heating
FORCED AIR
Buildings
10
Units
1
Total area
7,202 SF
Lot
22.07 ac (961,456 SF)
APN
35-07225
UPID
US66-2953275
Jurisdiction
SUMMIT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$715,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$675,000
OFFICE BUILDING
Est. value
$585,000
MEDICAL BUILDING
Est. value
$585,000
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
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
2022
Heating
FORCED AIR
Buildings
10
Units
1
Lot
22.07 ac
Current owner
From public records · entity-resolved
Wyoga Lake Development II LLC
Entity
Free & Clear · 1 yrs held
Mailing address
228 EUCLID AVE, CLEVELAND, OH 44114-2204
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2024
—
Wyoga Lake Development II LLC
Wyoga Lake Road Development LLC
Correction Deed
related
—
Aug 14, 2024
—
Wyoga Lake Development II LLC
Wyoga Lake Road Development LLC
Warranty Deed
—
Jan 28, 2022
—
Wake Lake Road Development LLC
Development Fin Authority Of Summit
Lease
$24,679,649 · Northwest Bank
Jan 26, 2022
—
Wyoga Lake Road Development LLC
Princeton Crossroads Investment LLC
Limited Warranty Deed
—
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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