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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Retail space
26180 Chardon Rd Richmond Heights, OH 44143-1231
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-0291165
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2019
Construction
TYPE NOT SPECIFIED
Total area
7,523 SF
Lot
0.88 ac (38,152 SF)
Zoning code
B-1
APN
661-06-032
UPID
US66-0291165
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$829k
Blend (final)
Blend
$610k
Owner & transaction history
David J Riggins · 7 yrs held
David J Riggins
since 2018
6 recorded transactions
Zoning & alternative use
B-1 · Richmond Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$815,000
+69.5%
Neighborhood: shopping center
$760,000
+58.1%
Auto repair, garage
$670,000
+38.8%
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 Richmond Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
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
RETAIL STORES
$480,000
Current use
MEDICAL BUILDING
$815,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$760,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$670,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$625,000
Change: +29% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$555,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$81 / 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
$46,261
Tax year 2023
Assessed value
$465,510
Assessed 2023
Previous assessed
$578,210
-19.5% YoY
Effective rate
9.94%
On assessed value
Assessed land
$181,550
Assessed improvement
$283,960
Land market value
$518,700
Improvement market value
$811,300
Total market value
$1,330,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2019
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
7,523 SF
Lot
0.88 ac (38,152 SF)
Zoning code
B-1
APN
661-06-032
UPID
US66-0291165
Jurisdiction
CUYAHOGA
Zoning & alternative use
B-1 · Richmond Heights, OH
Zoning B-1 · permitted uses
B-1 · Richmond Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$480,000
MEDICAL BUILDING
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$670,000
COMMERCIAL (GENERAL)
Est. value
$625,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$555,000
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2019
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
David J Riggins
Individual
Mailing address
3821 DAUPHINE ST REAR, NEW ORLEANS, LA 70117-5786
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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 26, 2018
$1,652,000
David J Riggins
Cleveland-richmond Hts Bts Ret
Grant Deed
$955,000 · East West Bk
Apr 6, 2018
$225,000
Cleveland-richmond Hts
Crrc1 LLC
Warranty Deed
$1,159,252 · Huntington Nat'l Bk/wv
Mar 23, 2017
$100,000
Crrc1 LLC
Cm Reo S1 LLC
Warranty Deed
—
Feb 10, 2014
$116,667
Cm Reo S1 LLC
Sheriff Of Cuyahoga County
Trustees Deed
—
Oct 19, 1999
$500,000
Elias & Patricia Nader Ltd
Palumbo,john
Grant Deed
$460,500 · Heller First Capital
—
—
John J Palumbo
—
Deed Of Trust
related
$200,000 · Firstmerit Bank NA
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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