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Property profile & analytics
OFF-MARKET
Estimated value
$6,305,000
Auto shops
2643 Warrensville Ctr Rd University Heights, OH 44118-3834
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-2506609
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1986
Construction
TYPE NOT SPECIFIED
Total area
5,139 SF
Lot
0.93 ac (40,685 SF)
Zoning code
U-3
APN
721-06-023
UPID
US66-2506609
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
$6.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.31M
Owner & transaction history
The 1886 Company Ltd · 3 yrs held
The 1886 Company Ltd
since 2023
Last sale
$6.5M
6 recorded transactions
Zoning & alternative use
U-3 · University Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is to promote the general convenience, welfare and prosperity of the community
Zone name
Automobile Parking District
General category
OPEN_SPACE
Zone area
3.15 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
Method
Estimation
Statistic approach
$6,070,000
ML approach
$6,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.31M
Range $5.67M – $6.94M · ±10% · vs last sale $6.50M (May 2 2023)
Last sale anchor
$6.50M
May 2 2023
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
$1,227 / 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
$34,107
Tax year 2023
Assessed value
$224,560
Assessed 2023
Previous assessed
$224,560
+0.0% YoY
Effective rate
15.19%
On assessed value
Assessed land
$156,660
Assessed improvement
$67,900
Land market value
$447,600
Improvement market value
$194,000
Total market value
$641,600
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1986
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
1
Total area
5,139 SF
Lot
0.93 ac (40,685 SF)
Zoning code
U-3
APN
721-06-023
UPID
US66-2506609
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-3 · University Heights, OHZoning U-3 · permitted uses
U-3 · 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 to promote the general convenience, welfare and prosperity of the community
Zone name
Automobile Parking District
General category
OPEN_SPACE
Zone area
3.15 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1986
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
The 1886 Company Ltd
Entity
Free & Clear · 3 yrs held
Mailing address
1 JOHN CARROLL BLVD, CLEVELAND, OH 44118-4538
Ownership since
2023
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
May 2, 2023
$6,500,000
The 1886 Company Ltd
Capl Retail LLC
Limited Warranty Deed
—
Mar 30, 2021
—
Capl Retail LLC
Lgp Realty Holdings LP
Limited Warranty Deed
—
May 8, 2014
—
Lgp Realty Holdings LP
—
Loan Modification
related
$450,000,000 · Citizens Bk/pa
Nov 5, 2012
—
2643 Warrensville Univ Heights
—
Deed Of Trust
related
$324,000,000 · Key Bank NA
Dec 30, 2010
—
2643 Warrensville Univ Heights
—
Deed Of Trust
related
$250,000,000 · Key Bank NA
Nov 16, 2009
$607,266
2643 Warrensville Univ Heights
Bp Products North America INC
Grant Deed
$50,668,392 · Key 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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