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Property profile & analytics
FOR LEASE
Office buildings
23625 Commerce Park, Beachwood, OH 44122
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-0155277
For Lease
1 / 8
$16 SF/Yr
23625 Commerce Park, Beachwood, OH 44122
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
TYPE NOT SPECIFIED
Total area
24,844 SF
Lot
1.6 ac (69,826 SF)
Zoning code
U-8
APN
742-25-026
UPID
US66-0155277
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
$1.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.39M
Owner & transaction history
23625 Commerce Park II LLC · 6 yrs held
23625 Commerce Park II LLC
since 2020
Last sale
$1.3M
6 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
$1,500,000
ML approach
$1,725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,210,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.52M · ±10% · vs last sale $1.26M (Apr 14 2020)
Last sale anchor
$1.26M
Apr 14 2020
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
$56 / 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
$53,530
Tax year 2023
Assessed value
$665,000
Assessed 2023
Previous assessed
$615,480
+8.0% YoY
Effective rate
8.05%
On assessed value
Assessed land
$114,380
Assessed improvement
$550,620
Land market value
$326,800
Improvement market value
$1,573,200
Total market value
$1,900,000
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
For Lease
Year built
1988
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Bathrooms
3
Total area
24,844 SF
Lot
1.6 ac (69,826 SF)
Zoning code
U-8
APN
742-25-026
UPID
US66-0155277
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
$2.2M
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
HOT WATER
Cooling
Yes
Stories
2
Bathrooms
3
Lot
1.6 ac
Current owner
From public records · entity-resolved
23625 Commerce Park II LLC
Entity
Mailing address
2340 SHEPLER CHURCH AVE SW, CANTON, OH 44706-5615
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2020
—
23625 Commerce Park II LLC
23625 Commerce Park LLC
Quit Claim Deed
related
$1,987,500 · Consumers Nat'l Bk
Nov 16, 2017
—
23625 Commerce Park LLC
—
Deed
related
$869,575 · Chemical Bk
Dec 13, 2011
$1,255,000
23625 Commerce Park LLC
Homestar Holdings LLC
Grant Deed
$941,250 · J P Morgan Chase Bank
Aug 16, 2006
$2,350,000
Homestar Holdings LLC
Beachwood Commerce Center
Grant Deed
related
$1,950,000 · Wells Fargo Bank
May 20, 1999
—
Beechwood Commerce Center LP
—
Deed Of Trust
related
$1,800,000 · Manufacturers Life Insurance
—
—
23625 Commerce Park LLC
—
Deed Of Trust
related
$869,575 · Chemical Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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