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Property profile & analytics
FOR LEASE
Office buildings
23240 Chagrin Blvd, Beachwood, OH 44122
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-5465911
For Lease
1 / 4
$20 SF/Yr
23240 Chagrin Blvd, Beachwood, OH 44122
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
TYPE NOT SPECIFIED
Total area
176,304 SF
Lot
3.49 ac (151,942 SF)
Zoning code
U-7A
APN
742-23-013
UPID
US66-5465911
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
$5.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.62M
Blend (final)
Blend
$7.46M
Owner & transaction history
T Mobile Central LLC · 1 yrs held
T Mobile Central LLC
since 2025
7 recorded transactions
Zoning & alternative use
U-7A · Beachwood, 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 Beachwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beachwood 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
$7,620,000
ML approach
$5,935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.46M
Range $6.71M – $8.21M · ±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
$42 / 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
$156,104
Tax year 2023
Assessed value
$1,944,050
Assessed 2023
Previous assessed
$4,771,770
-59.3% YoY
Effective rate
8.03%
On assessed value
Assessed land
$387,140
Assessed improvement
$1,556,910
Land market value
$1,106,100
Improvement market value
$4,448,300
Total market value
$5,554,400
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1981
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Stories
8
Total area
176,304 SF
Lot
3.49 ac (151,942 SF)
Zoning code
U-7A
APN
742-23-013
UPID
US66-5465911
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-7A · Beachwood, OH
Zoning U-7A · permitted uses
U-7A · Beachwood, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Beachwood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
8
Buildings
2
Lot
3.49 ac
Current owner
From public records · entity-resolved
T Mobile Central LLC
Entity
Mailing address
11200 N MAYFAIR STE #410, MILWAUKEE, WI 53226
Ownership since
2025
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
Jun 17, 2025
—
T Mobile Central LLC
Beachwood Office LLC
Deed
—
Aug 11, 2022
$5,434,778
Eastgate LLC
Rss Wfrbs 2012 C6 Oh Cp LLC
Limited Warranty Deed
$100,000 · Associated Bank NA
Feb 24, 2012
—
Commerce Park IV
—
Deed Of Trust
related
$15,000,000 · Royal Bank Scotland Plc
Jul 30, 2009
—
Md7 Capital One LLC
—
Deed Of Trust
related
$82,000,000 · Key Equipment Finance INC
Dec 21, 2007
$28,000
Commerce Park IV
Chagrin-green LLC
Grant Deed
$22,400 · J P Morgan Chase Bank
Sep 18, 2001
$22,000,000
Chagrin Green LLC
Dobrowski,thomas E
Grant Deed
$17,100,000 · Prudential Mortgage Capital Co
Aug 20, 2001
—
Rigf Trust
Lasalle Us Realty Income & Gro
Grant Deed
related
—
May 1, 1998
—
Us Realty Income Lasalle
—
Deed Of Trust
related
$12,250,000 · Commonwealth Life Insurance
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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