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Property profile & analytics
OFF-MARKET
Industrial land
24018 Detroit Rd, Westlake, OH 44145-1513
Individually Owned
13-yr Hold
Free & Clear
Property ID
US66-0209731
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
4.47 ac (194,763 SF)
Zoning code
EI
APN
214-03-001
UPID
US66-0209731
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
University Hosps Health System · 13 yrs held
University Hosps Health System
since 2012
6 recorded transactions
Zoning & alternative use
EI · Westlake, 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 Westlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westlake 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,822
Tax year 2023
Assessed value
$170,420
Assessed 2023
Previous assessed
$170,420
+0.0% YoY
Effective rate
6.94%
On assessed value
Assessed land
$170,420
Land market value
$486,900
Total market value
$486,900
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
4.47 ac (194,763 SF)
Zoning code
EI
APN
214-03-001
UPID
US66-0209731
Jurisdiction
CUYAHOGA
Zoning & alternative use
EI · Westlake, OH
Zoning EI · permitted uses
EI · Westlake, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westlake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
4.47 ac
Current owner
From public records · entity-resolved
University Hosps Health System
Individual
Free & Clear · 13 yrs held
Mailing address
3605 WARRENSVILLE CTR RD, SHAKER HTS, OH 44122-5203
Ownership since
2012
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
Nov 15, 2012
—
University Hosps Health System
Clague Road Properties LLC
Grant Deed
related
—
Sep 21, 2007
$1,200,000
Clague Road Properties LLC
Danielson Family LLC
Warranty Deed
—
Jan 22, 2007
—
Danielson Family LLC
—
Trustees Deed
related
$331,000 · National City Bank
Dec 21, 2006
—
Danielson Family LLC
Danielson Family R/e Ptshp Ltd
Quit Claim Deed
related
—
Jun 23, 2000
—
Danielson Family Real Est Ptsh
Danielson,william E & Georgia W
Quit Claim Deed
related
—
Aug 1, 1997
$1,000,000
William E Danielson
Danielson,earl F & Peggy J
Grant Deed
related
$1,000,000 · Seller
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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