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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Office buildings
23425 Commerce Park, Beachwood, OH 44122-5844
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US66-0512581
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
TYPE NOT SPECIFIED
Total area
13,122 SF
Lot
1.32 ac (57,423 SF)
Zoning code
U-8
APN
742-23-016
UPID
US66-0512581
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
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$548k
Blend (final)
Blend
$725k
Owner & transaction history
Sp Commerce Park LLC · 14 yrs held
Sp Commerce Park LLC
since 2011
7 recorded transactions
Zoning & alternative use
U-8 · 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
by Request
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,165,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$55 / 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
$24,766
Tax year 2023
Assessed value
$306,260
Assessed 2023
Previous assessed
$306,260
+0.0% YoY
Effective rate
8.09%
On assessed value
Assessed land
$94,050
Assessed improvement
$212,210
Land market value
$268,700
Improvement market value
$606,300
Total market value
$875,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
13,122 SF
Lot
1.32 ac (57,423 SF)
Zoning code
U-8
APN
742-23-016
UPID
US66-0512581
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-8 · Beachwood, OH
Zoning U-8 · permitted uses
U-8 · 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.2M
AUTO REPAIR, GARAGE
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
1988
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.32 ac
Current owner
From public records · entity-resolved
Sp Commerce Park LLC
Entity
Mailing address
23425 COMMERCE PARK STE #102, BEACHWOOD, OH 44122-5848
Ownership since
2011
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
Nov 22, 2022
—
Sp Commerce Park LLC
—
Deed
related
$600,000 · Eaton Family Cu
Sep 8, 2011
$540,000
Sp Commerce Park LLC
Digital Signage Services INC
Warranty Deed
—
Jul 13, 2010
—
Digital Signage Services INC
Thomas,laurel
Quit Claim Deed
related
—
Dec 21, 2007
—
Laurel C Thomas
Thomas,craig
Affidavit Of Death
related
—
—
—
Craig Thomas
—
Deed Of Trust
related
$151,620 · Key Bank NA
—
—
Craig Thomas
—
Deed Of Trust
related
$600,000 · Key Bank NA
—
—
Sp Commerce Park LLC
—
Deed Of Trust
related
$863,000 · Dollar Bank Fsb
—
—
Craig Thomas
—
Deed Of Trust
related
$404,484 · 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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