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Property profile & analytics
OFF-MARKET
Drive through restaurants
2216 Warrensville Ctr Rd 2234 University Heights, OH 44118-3140
Individually Owned
14-yr Hold
Free & Clear
Property ID
US66-2596976
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2012
Construction
WOOD
Total area
4,400 SF
Lot
0.15 ac (6,486 SF)
Zoning code
U-7
APN
722-10-016
UPID
US66-2596976
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
by Request
Owner & transaction history
Brothers Hobbies Long I Kramer · 14 yrs held
Brothers Hobbies Long I Kramer
since 2012
3 recorded transactions
Zoning & alternative use
U-7 · University Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is to provide local retail related uses
Zone name
Local Retail District
General category
COMMERCIAL
Zone area
19.50 ac
Source
Realmo
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 University Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs University Heights 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$36,170
Tax year 2023
Assessed value
$252,500
Assessed 2023
Previous assessed
$252,500
+0.0% YoY
Effective rate
14.32%
On assessed value
Assessed land
$49,950
Assessed improvement
$202,550
Land market value
$142,700
Improvement market value
$578,700
Total market value
$721,400
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2012
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
11
Total area
4,400 SF
Lot
0.15 ac (6,486 SF)
Zoning code
U-7
APN
722-10-016
UPID
US66-2596976
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-7 · University Heights, OHZoning U-7 · permitted uses
U-7 · University Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District is to provide local retail related uses
Zone name
Local Retail District
General category
COMMERCIAL
Zone area
19.50 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2012
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
11
Lot
0.15 ac
Current owner
From public records · entity-resolved
Brothers Hobbies Long I Kramer
Individual
Free & Clear · 14 yrs held
Mailing address
PO BOX 19970, BALTIMORE, MD 21211-0970
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2012
$2,325,000
Brothers Hobbies Long I Kramer
2216 Warrensville Center Ptrs
Grant Deed
—
—
—
2216 Warrensville Center Ptrs
—
Deed Of Trust
related
$745,039 · Key Bank NA
—
—
2216 Warrensville Center Ptrs
—
Deed Of Trust
related
$738,650 · Key Bank NA
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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