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Property profile & analytics
OFF-MARKET
Estimated value
$2,130,000
Office buildings
23825 Commerce Park, Beachwood, OH 44122-5837
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-0075579
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
WOOD
Total area
10,240 SF
Lot
1.5 ac (65,240 SF)
Zoning code
U-8
APN
742-25-017
UPID
US66-0075579
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
by Request
CAP Approach
CAP
$2.29M
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$2.13M
Owner & transaction history
Eastbase LLC · 1 yrs held
Eastbase LLC
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
U-8 · Beachwood, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+53.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,475,000
6.5%
$2,285,000
7%
$2,125,000
Alternative Use
Use
Estimation
RESTAURANT
$1,725,000
Change: +53% · Conversion: Moderate
Blend value · Realmo final
$2.13M
Range $1.92M – $2.34M · ±10% · vs last sale $2.30M (Apr 17 2024)
Last sale anchor
$2.30M
Apr 17 2024
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
$208 / 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
$44,617
Tax year 2023
Assessed value
$554,340
Assessed 2023
Previous assessed
$554,340
+0.0% YoY
Effective rate
8.05%
On assessed value
Assessed land
$106,860
Assessed improvement
$447,480
Land market value
$305,300
Improvement market value
$1,278,500
Total market value
$1,583,800
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
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Bathrooms
2
Total area
10,240 SF
Lot
1.5 ac (65,240 SF)
Zoning code
U-8
APN
742-25-017
UPID
US66-0075579
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
RESTAURANT
Est. value
$1.7M
RESTAURANT
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
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Bathrooms
2
Lot
1.5 ac
Current owner
From public records · entity-resolved
Eastbase LLC
Entity
Mailing address
23825 COMMERCE PARK STE A, BEACHWOOD, OH 44122-5837
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2024
—
Eastbase LLC
—
Deed
related
$4,200,000 · Synovus Bank
Jul 17, 2024
$2,300,000
Eastbase LLC
23825 Commerce Park LLC
Limited Warranty Deed
$4,200,000 · Synovus Bank
Apr 28, 2020
—
23025 Commerce Park LLC
—
Deed
related
$750,000 · Huntington Nat'l Bk
Apr 16, 2007
—
23825 Commerce Park LLC
Tripointe Partners LLC
Warranty Deed
related
—
Sep 2, 2004
$1,550,000
Tripointe Partners LLC
Kpg Beachwood Ltd
Grant Deed
—
Sep 28, 1998
$1,450,000
Kpc Beachwood Ltd
Tri Investments
Grant Deed
$1,125,000 · Seller
—
—
23825 Commerce Park LLC
—
Deed Of Trust
related
$500,000 · Huntington Nat'l Bk
—
—
23825 Commerce Park LLC
—
Deed Of Trust
related
$500,000 · Huntington Nat'l Bk
—
—
23025 Commerce Park LLC
—
Loan Modification
related
$750,000 · Huntington Nat'l Bk
—
—
Tripointe Partners LLC
—
Deed Of Trust
related
$1,100,000 · Us Bank NA
—
—
23825 Commerce Park LLC
—
Deed Of Trust
related
$400,000 · Key Bank NA
—
—
Tripointe Partners LLC
—
Deed Of Trust
related
$1,050,000 · Union Central 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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