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Property profile & analytics
OFF-MARKET
Estimated value
$1,670,000
Office buildings
24075 Commerce Park, Beachwood, OH 44122-5823
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-1381116
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
TYPE NOT SPECIFIED
Total area
19,980 SF
Lot
1.44 ac (62,722 SF)
Zoning code
U-8
APN
742-25-029
UPID
US66-1381116
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
$1.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$1.67M
Owner & transaction history
Harvard Investments LLC · 6 yrs held
Harvard Investments LLC
since 2020
Last sale
$1.5M
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
$1,765,000
ML approach
$1,785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,195,000
Current use
MEDICAL BUILDING
$2,170,000
Change: -1% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,025,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,780,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.67M
Range $1.50M – $1.84M · ±10% · vs last sale $1.48M (Apr 28 2020)
Last sale anchor
$1.48M
Apr 28 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
$84 / 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
$41,578
Tax year 2023
Assessed value
$516,250
Assessed 2023
Previous assessed
$516,250
+0.0% YoY
Effective rate
8.05%
On assessed value
Assessed land
$98,770
Assessed improvement
$417,480
Land market value
$282,200
Improvement market value
$1,192,800
Total market value
$1,475,000
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
1980
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
AC.PACKAGE
Stories
2
Total area
19,980 SF
Lot
1.44 ac (62,722 SF)
Zoning code
U-8
APN
742-25-029
UPID
US66-1381116
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
OFFICE BUILDING Current
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
1.44 ac
Current owner
From public records · entity-resolved
Harvard Investments LLC
Entity
Mailing address
24075 COMMERCE PARK, BEACHWOOD, OH 44122-5823
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2023
—
Harvard Investments LLC
—
Deed
related
$7,000,000 · The Huntington National Bank
Apr 19, 2022
—
Harvard Investments LLC
—
Deed
related
$220,000 · The Huntington National Bank
Jun 30, 2021
—
Harvard Investments LLC
—
Deed
related
$480,250 · The Huntington National Bank
Apr 28, 2020
$1,475,000
Harvard Investments LLC
Jewish Fam Svc Assn Of Cleveland
Grant Deed
—
—
—
Jewish Fam Svcs Assn Of Cleveland
—
Deed Of Trust
related
$70,000 · Pnc Bank
—
—
Jewish Fam Svc Assn Of Cleveland
—
Deed Of Trust
related
$1,000,000 · National City Bank
—
—
Jewish Family Svc Assn Of Clevela
—
Deed Of Trust
related
$850,000 · Jewish Community Federation
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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