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Property profile & analytics
OFF-MARKET
Estimated value
$3,820,000
Warehouses
27575 Shaker Blvd Pepper Pike, OH 44124-5002
Individually Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-2447134
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Construction
TYPE NOT SPECIFIED
Total area
59,162 SF
Lot
10.86 ac (472,886 SF)
Zoning code
U-2
APN
871-19-002
UPID
US66-2447134
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
$4.46M
Comparable Approach
Comparable
$2.91M
Blend (final)
Blend
$3.82M
Owner & transaction history
Ratner School · 16 yrs held
Ratner School
since 2009
3 recorded transactions
Zoning & alternative use
U-2 · Pepper Pike, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide public buildings and related uses
Zone name
Public Buildings
General category
UNKNOWN
Zone area
755.33 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$6.0M
+97.8%
Auto repair, garage
$5.3M
+73.7%
Commercial (general)
$4.9M
+61.8%
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 Pepper Pike submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pepper Pike 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%
$4,830,000
6.5%
$4,455,000
7%
$4,140,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,030,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,995,000
Change: +98% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,265,000
Change: +74% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,905,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,375,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$3.82M
Range $3.44M – $4.20M · ±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
$65 / 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
Assessed value
$2,200,660
Assessed 2023
Previous assessed
$2,200,660
+0.0% YoY
Assessed land
$379,960
Assessed improvement
$1,820,700
Land market value
$1,085,600
Improvement market value
$5,202,000
Total market value
$6,287,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1969
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Stories
2
Bathrooms
2
Total area
59,162 SF
Lot
10.86 ac (472,886 SF)
Zoning code
U-2
APN
871-19-002
UPID
US66-2447134
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-2 · Pepper Pike, OHZoning U-2 · permitted uses
U-2 · Pepper Pike, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide public buildings and related uses
Zone name
Public Buildings
General category
UNKNOWN
Zone area
755.33 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
WAREHOUSE, STORAGE Current
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
1969
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
2
Lot
10.86 ac
Current owner
From public records · entity-resolved
Ratner School
Individual
Free & Clear · 16 yrs held
Mailing address
50 PUBLIC SQ STE #1600, CLEVELAND, OH 44113-2295
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
May 4, 2012
—
Lillian & Betty Ratner School
—
Deed Of Trust
related
$6,500,000 · Fifth Third Bank
Aug 13, 2009
—
Ratner School
Congregation Brith Emeth
Quit Claim Deed
related
—
Sep 8, 2005
$5,000,000
Ratner School
Park Synagogue
Grant Deed
$7,187,398 · Fifth Third 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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