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Property profile & analytics
OFF-MARKET
Estimated value
$3,885,000
Medical Office Space
26908 Detroit Rd Westlake, OH 44145-2398
Entity Owned
25-yr Hold
Free & Clear
Property ID
US66-0361456
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
TYPE NOT SPECIFIED
Total area
44,832 SF
Lot
2.85 ac (124,041 SF)
Zoning code
PO
APN
213-03-025
UPID
US66-0361456
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
$4.58M
Blend (final)
Blend
$3.89M
Owner & transaction history
Healthcare Co Ltd · 25 yrs held
Healthcare Co Ltd
since 2001
1 recorded transaction
Zoning & alternative use
PO · Westlake, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Planned Office District is established to achieve, among others is to provide, in appropriate locations, areas for office development, both local and regional and to provide areas of sufficient size and locations for a combination of office use and accessory commercial and retail use.
Zone name
Planned Office
General category
COMMERCIAL
Zone area
42.86 ac
Source
Realmo
Top alternative use upside
Office building
$6.4M
+31.7%
Apartment house (5+ units)
$5.0M
+1.7%
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 Westlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westlake 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
MEDICAL BUILDING
$4,870,000
Current use
OFFICE BUILDING
$6,415,000
Change: +32% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,955,000
Change: +2% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,540,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,990,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.89M
Range $3.50M – $4.27M · ±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
$87 / 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
$107,874
Tax year 2023
Assessed value
$1,555,120
Assessed 2023
Previous assessed
$1,555,120
+0.0% YoY
Effective rate
6.94%
On assessed value
Assessed land
$273,490
Assessed improvement
$1,281,630
Land market value
$781,400
Improvement market value
$3,661,800
Total market value
$4,443,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Rooms
6
Bathrooms
1
Total area
44,832 SF
Lot
2.85 ac (124,041 SF)
Zoning code
PO
APN
213-03-025
UPID
US66-0361456
Jurisdiction
CUYAHOGA
Zoning & alternative use
PO · Westlake, OHZoning PO · permitted uses
PO · Westlake, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Planned Office District is established to achieve, among others is to provide, in appropriate locations, areas for office development, both local and regional and to provide areas of sufficient size and locations for a combination of office use and accessory commercial and retail use.
Zone name
Planned Office
General category
COMMERCIAL
Zone area
42.86 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.9M
OFFICE BUILDING
Est. value
$6.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.0M
MEDICAL BUILDING Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
6
Bathrooms
1
Lot
2.85 ac
Current owner
From public records · entity-resolved
Healthcare Co Ltd
Entity
Free & Clear · 25 yrs held
Mailing address
27500 DETROIT RD STE #300, WESTLAKE, OH 44145-5913
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2001
$75,000
Healthcare Co Ltd
Miller,joseph J
Grant Deed
—
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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