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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Banks
2233 Warrensville Ctr Rd University Heights, OH 44118-3159
Individually Owned
3-yr Hold
Free & Clear
Property ID
US66-2306037
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1957
Construction
WOOD
Total area
3,203 SF
Lot
0.65 ac (28,457 SF)
Zoning code
U-7
APN
721-01-064
UPID
US66-2306037
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
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.50M
Owner & transaction history
Jeffrey Tarnoff · 3 yrs held
Jeffrey Tarnoff
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
U-7 · University Heights, 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 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
Method
Estimation
Statistic approach
$1,320,000
ML approach
$1,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.73M (Dec 29 2022)
Last sale anchor
$1.73M
Dec 29 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
$468 / 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
$74,181
Tax year 2023
Assessed value
$508,550
Assessed 2023
Previous assessed
$508,550
+0.0% YoY
Effective rate
14.59%
On assessed value
Assessed land
$130,760
Assessed improvement
$377,790
Land market value
$373,600
Improvement market value
$1,079,400
Total market value
$1,453,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
HOT WATER
Cooling
AC.PACKAGE
Stories
1
Bathrooms
1
Total area
3,203 SF
Lot
0.65 ac (28,457 SF)
Zoning code
U-7
APN
721-01-064
UPID
US66-2306037
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-7 · University Heights, OH
Zoning 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
University Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Construction
WOOD
Heating
HOT WATER
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Jeffrey Tarnoff
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 850, AURORA, OH 44202-0850
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
$1,725,000
Jeffrey Tarnoff
Tracy M Fletcher
Warranty Deed
—
Aug 13, 2021
—
Linda Marie Fletcher
Linda Marie Fletcher
Intrafamily Transfer
related
—
Mar 28, 2019
—
Linda M Fletcher
Malburg Family Trust
Quit Claim Deed
related
—
Jun 21, 2016
$1,453,000
Malburg Family Trust A
2233 Warrensville Center Holdi
Warranty Deed
related
—
Oct 28, 2014
$900,000
2233 Warrensville Ctr Holding
University Heights LLC
Grant Deed
—
Nov 5, 2013
—
University Heights LLC
University Heights Holding 4 L
Quit Claim Deed
related
—
May 16, 2005
$54,481,395
Inland Wstn Univ Heights Unive
Starwood Wasserman Univ Height
Grant Deed
—
Apr 13, 2001
—
Starwood Wasserman University
University Heights City (oh)
Quit Claim Deed
related
$1,500,000 · Ahold Real Estate Co
—
—
2233 Warrensville Center Holdi
—
Deed Of Trust
related
$800,000 · First Nat'l Bk/pa
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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