Realmo Analytics

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Property profile

23775 Commerce Park Beachwood, OH 44122

FOR SALE
Office buildings
Property ID
US66-1516720
19,622 SF 1.79 ac lot Built 1985
Last sale Mar 2021 · $1,520,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$43k
Tax billed · 2023
Assessed value$532k
Assessed land$128k
Assessed improvement$404k
Effective rate8.07%

Value estimate

· Oct 2026
$2.07M
$1.86M – $2.28M
AI approach$2.04M
Submarket $/SF estimate$1.91M
NOI build-up
Gross scheduled income$372k
Vacancy & credit loss−$91k
Operating expenses−$70k
NOI · 12.04% cap applied$211k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$110/SF
ZIP average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$60 – $160

Cap rate analysis

How does the asset earn?
12.04%
$211k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
U-8
It is the intent of this Chapter (Class U-8 District) to provide for and encourage the reuse and redevelopment of the existing industrial...
General categoryMIXED_USE
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop14.2
Auto Parts Store12.7
Storage Facility11.1

Location

23775 Commerce Park Beachwood, OH 44122
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
28790 Chagrin, Woodmere, OH 44122-4638 $5,900,000 May 2024 16,005 SF
23715 Mercantile, Beachwood, OH 44122-5933 $1,150,000 Sep 2021 15,160 SF
25200 Chagrin, Beachwood, OH 44122-5685 $3,272,800 Aug 2021 30,943 SF
24075 Commerce, Beachwood, OH 44122-5823 $1,475,000 Apr 2020 19,980 SF
23625 Commerce, Beachwood, OH 44122-5845 $1,255,000 Apr 2020 24,844 SF
24755 Highpoint, Beachwood, OH 44122-6056 $1,600,000 Sep 2019 12,264 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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