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Property profile & analytics
FOR LEASE
Office buildings
23250 Chagrin Blvd, Beachwood, OH 44122
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-5531354
For Lease
1 / 4
$20 SF/Yr
23250 Chagrin Blvd, Beachwood, OH 44122
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Total area
60,460 SF
Lot
3.58 ac (156,075 SF)
Zoning code
U-7A
APN
742-23-002
UPID
US66-5531354
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
$2.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$2.51M
Owner & transaction history
Beachwood Office LLC · 3 yrs held
Beachwood Office LLC
since 2022
Last sale
$1.9M
5 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
$2,705,000
ML approach
$2,925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.51M
Range $2.26M – $2.76M · ±10% · vs last sale $1.93M (Aug 11 2022)
Last sale anchor
$1.93M
Aug 11 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
$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
$54,959
Tax year 2023
Assessed value
$683,060
Assessed 2023
Previous assessed
$1,692,110
-59.6% YoY
Effective rate
8.05%
On assessed value
Assessed land
$255,640
Assessed improvement
$427,420
Land market value
$730,400
Improvement market value
$1,221,200
Total market value
$1,951,600
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
1992
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Bathrooms
4
Total area
60,460 SF
Lot
3.58 ac (156,075 SF)
Zoning code
U-7A
APN
742-23-002
UPID
US66-5531354
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
1992
Heating
FORCED AIR
Cooling
Yes
Stories
4
Bathrooms
4
Lot
3.58 ac
Current owner
From public records · entity-resolved
Beachwood Office LLC
Entity
Mailing address
1200 N MAYFAIR RD #410, MILWAUKEE, WI 53226-3283
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2022
$1,927,222
Beachwood Office LLC
Rss Wfrbs2012 C6 Oh Cp LLC
Limited Warranty Deed
$100,000 · Associated Bank NA
Mar 12, 2021
—
Rss Wfrbs2012 C6 Oh Cp LLC
Commerce Park IV & V Associates LLC
Limited Warranty Deed
—
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
Feb 20, 1998
$22,352,000
Us Realty Income Lasalle
Cb Commerce Park INC
Grant 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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