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Property profile & analytics
OFF-MARKET
Estimated value
$3,435,000
Community centers
24647 Brookpark Rd 2A North Olmsted, OH 44070
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-2853139
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2011
Construction
STEEL FRAME
Total area
31,124 SF
Lot
0.76 ac (33,155 SF)
Zoning code
BOR
APN
236-05-302
UPID
US66-2853139
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
$3.44M
Owner & transaction history
Ggf1 North Olmsted 2016 LLC · 9 yrs held
Ggf1 North Olmsted 2016 LLC
since 2017
7 recorded transactions
Zoning & alternative use
BOR · North Olmsted, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.6M
+68.4%
Office building
$5.1M
+53.9%
Medical building
$3.4M
+3.5%
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 North Olmsted submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Olmsted 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,300,000
Current use
RESTAURANT
$5,555,000
Change: +68% · Conversion: Difficult
OFFICE BUILDING
$5,075,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$3,410,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$3,040,000
Change: -8% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,910,000
Change: -12% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,830,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.44M
Range $3.09M – $3.78M · ±10%
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
$110 / 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
$224,724
Tax year 2023
Assessed value
$1,983,630
Assessed 2023
Previous assessed
$1,983,630
+0.0% YoY
Effective rate
11.33%
On assessed value
Assessed land
$382,940
Assessed improvement
$1,600,690
Land market value
$1,094,100
Improvement market value
$4,573,400
Total market value
$5,667,500
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2011
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
31,124 SF
Lot
0.76 ac (33,155 SF)
Zoning code
BOR
APN
236-05-302
UPID
US66-2853139
Jurisdiction
CUYAHOGA
Zoning & alternative use
BOR · North Olmsted, OH
Zoning BOR · permitted uses
BOR · North Olmsted, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Olmsted. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.3M
RESTAURANT
Est. value
$5.6M
OFFICE BUILDING
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$3.4M
RETAIL STORES
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2011
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Ggf1 North Olmsted 2016 LLC
Entity
Mailing address
24954 BROOKPARK RD, NORTH OLMSTED, OH 44070-3400
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2023
—
North Olmsted 2016 LLC
—
Deed
related
$11,500,000 · S & T Bank
Jun 6, 2017
$15,850,069
Ggf1 North Olmsted 2016 LLC
Lkd North Olmsted LLC
Trustees Deed
$13,500,000 · Deutsche Bk Tr #2013-c18 (ce)
Nov 22, 2013
$17,790,000
Lkd North Olmsted LLC
Norcar Co LLC
Grant Deed
$13,500,000 · Wells Fargo Bank
Dec 21, 2012
—
Norcar Co LLC
—
Deed Of Trust
related
$8,432,008 · Pnc Bank
Jul 5, 2011
—
Norcar Co II LLC
Norcar Co LLC
Quit Claim Deed
related
$4,095,000 · Lorain National Bank
Oct 1, 2010
—
Norcar Co LLC
—
Deed Of Trust
related
$11,200,000 · Pnc Bank
Jul 27, 2010
—
Norcar Co LLC
—
Grant Deed
related
$19,680,000 · Pnc Bank
Feb 4, 2010
—
Norcar Co LLC
—
Deed Of Trust
related
$13,873,461 · Pnc Bank
Jan 19, 2007
—
Norcar Co LLC
—
Deed Of Trust
related
$19,680,000 · National City Bank
—
—
Norcar Co LLC
—
Deed Of Trust
related
$5,000,000 · National City Bank
—
—
Norcar Co LLC
—
Deed Of Trust
related
$4,680,000 · National City Bank
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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