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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Office buildings
22700 Fairview Ctr Dr Fairview Park, OH 44126
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-2431291
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
WOOD
Total area
7,440 SF
Lot
0.27 ac (11,600 SF)
Zoning code
OB-2
APN
331-10-027
UPID
US66-2431291
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
$1.66M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.44M
Owner & transaction history
150 Fairview Investment LLC · 9 yrs held
150 Fairview Investment LLC
since 2017
7 recorded transactions
Zoning & alternative use
OB-2 · Fairview Park, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+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%
$1,800,000
6.5%
$1,660,000
7%
$1,545,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,205,000
Current use
RESTAURANT
$1,255,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±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
$194 / 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
$30,962
Tax year 2023
Assessed value
$297,120
Assessed 2023
Previous assessed
$297,120
+0.0% YoY
Effective rate
10.42%
On assessed value
Assessed land
$20,300
Assessed improvement
$276,820
Land market value
$58,000
Improvement market value
$790,900
Total market value
$848,900
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
2005
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,440 SF
Lot
0.27 ac (11,600 SF)
Zoning code
OB-2
APN
331-10-027
UPID
US66-2431291
Jurisdiction
CUYAHOGA
Zoning & alternative use
OB-2 · Fairview Park, OH
Zoning OB-2 · permitted uses
OB-2 · 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
$1.2M
RESTAURANT
Est. value
$1.3M
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
2005
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
150 Fairview Investment LLC
Entity
Mailing address
22720 FAIRVIEW CTR DR STE #150, CLEVELAND, OH 44126-3619
Ownership since
2017
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
Oct 29, 2021
—
150 Fairview Investments LLC
—
Deed
related
$820,000 · First Fed Savings & Loan Assn Of Lorain
Jun 15, 2017
—
150 Fairview Investment LLC
Shg Properties INC
Grant Deed
related
$820,000 · Westfield Bk Fsb
Jan 11, 2005
$1,027,920
Shg Properties INC
Fairview Office Two LLC
Warranty Deed
$400,000 · Westfield Bank Fsb
Nov 23, 2004
—
Fairview Office Inv Two LLC
Northern Ohio Office Const INC
Warranty Deed
related
—
Aug 25, 2003
—
Fairview Office Investment 1
Northern Ohio Office Const INC
Grant Deed
$2,000,000 · Fairview Office Assoc LLC
Feb 27, 2003
—
Northern Ohio Office Const In
Fairview Office Associates LLC
Grant Deed
$1,600,000 · Huntington National Bank
—
—
Shg Properties INC
—
Deed Of Trust
related
$750,000 · Westfield Bank Fsb
—
—
Fairview Office Investment One
—
Deed Of Trust
related
$240,000 · Northern Ohio Office Construct
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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