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Property profile & analytics
OFF-MARKET
Estimated value
$2,450,000
Community centers
24954 Brookpark Rd North Olmsted, OH 44070-3400
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-3744033
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2007
Construction
TYPE NOT SPECIFIED
Total area
22,285 SF
Lot
5.42 ac (236,070 SF)
Zoning code
BOR
APN
236-05-303
UPID
US66-3744033
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
Current use
Occupant on record · Public records
-
Mashiso Asian Grille - North Olmsted Restaurant
-
Marine Corps Recruiting Center Military Recruiting Office
-
La-Z-Boy Home Furnishings & Décor Furniture & Home Goods Home Decor Store
-
Nationwide Insurance: Duran Katina Insurance Agency
-
Weinstein Paul Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.45M
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
$4.0M
+68.4%
Office building
$3.6M
+53.9%
Medical building
$2.4M
+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
$2,360,000
Current use
RESTAURANT
$3,975,000
Change: +68% · Conversion: Difficult
OFFICE BUILDING
$3,635,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$2,445,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$2,175,000
Change: -8% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,085,000
Change: -12% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,025,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.45M
Range $2.21M – $2.70M · ±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
$150,529
Tax year 2023
Assessed value
$1,328,710
Assessed 2023
Previous assessed
$1,328,710
+0.0% YoY
Effective rate
11.33%
On assessed value
Assessed land
$383,640
Assessed improvement
$945,070
Land market value
$1,096,100
Improvement market value
$2,700,200
Total market value
$3,796,300
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
2007
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
22,285 SF
Lot
5.42 ac (236,070 SF)
Zoning code
BOR
APN
236-05-303
UPID
US66-3744033
Jurisdiction
CUYAHOGA
Zoning & alternative use
BOR · North Olmsted, OHZoning 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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.4M
RESTAURANT
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
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
2007
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
5.42 ac
Current owner
From public records · entity-resolved
Ggf1 North Olmsted 2016 LLC
Entity
Mailing address
1 MELLON BANK CTR 500TH GRANT ST STE #2000, PITTSBURGH, PA 15219
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
7 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
Grant 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
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
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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