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Property profile & analytics
OFF-MARKET
Schools
2574 Milford Rd University Heights, OH 44118-3816
Individually Owned
20-yr Hold
Free & Clear
Property ID
US66-0204222
Property profile
Verified
Property type
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Year built
1946
Total area
4,154 SF
Lot
0.34 ac (15,000 SF)
Zoning code
U-1
APN
721-05-024
UPID
US66-0204222
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
John Carroll University · 20 yrs held
John Carroll University
since 2005
3 recorded transactions
Zoning & alternative use
U-1 · University Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is intended to provide one family residential uses
Zone name
One Family Residence District
General category
RESIDENTIAL
Zone area
915.32 ac
Source
Realmo
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 University Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs University Heights 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
$257
Tax year 2023
Assessed value
$130,830
Assessed 2023
Previous assessed
$130,830
+0.0% YoY
Effective rate
0.20%
On assessed value
Assessed land
$21,000
Assessed improvement
$109,830
Land market value
$60,000
Improvement market value
$313,800
Total market value
$373,800
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
Schools
Use group
COLLEGE, UNIVERSITY, VOC SCHOOL
Status
Off-Market
Year built
1946
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Rooms
11
Bathrooms
2
Total area
4,154 SF
Lot
0.34 ac (15,000 SF)
Zoning code
U-1
APN
721-05-024
UPID
US66-0204222
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-1 · University Heights, OHZoning U-1 · permitted uses
U-1 · University Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District is intended to provide one family residential uses
Zone name
One Family Residence District
General category
RESIDENTIAL
Zone area
915.32 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1946
Heating
HOT WATER
Cooling
Yes
Stories
2
Rooms
11
Bathrooms
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
John Carroll University
Individual
Free & Clear · 20 yrs held
Mailing address
20700 N PARK BLVD, UNIVERSITY HTS, OH 44118-4520
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2005
$410,000
John Carroll University
Verderber,eric & Tanya M
Warranty Deed
—
Mar 27, 2003
$306,000
Eric Verderber
Supler,michael M & Mary F
Grant Deed
$244,800 · Union Capital Mortgage Corp
—
—
Michael M Supler
—
Deed Of Trust
related
$298,400 · Charter One 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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