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Property profile & analytics
OFF-MARKET
Medical Office Space
28040 Ctr Rdg Rd Westlake, OH 44145-3903
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US66-2110631
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
WOOD
Total area
3,446 SF
Lot
0.82 ac (35,772 SF)
Zoning code
OB
APN
216-16-006
UPID
US66-2110631
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
C Chapman Holdings LLC
C Chapman Holdings LLC
since 2025
5 recorded transactions
Zoning & alternative use
OB · Westlake, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Office Building District is intended for both local and regional offices adjacent to business areas and accessible to residents and in which such uses are compatible with adjoining residential districts.
Zone name
Office Building
General category
COMMERCIAL
Zone area
261.83 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 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
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
$14,204
Tax year 2023
Assessed value
$204,760
Assessed 2023
Previous assessed
$204,760
+0.0% YoY
Effective rate
6.94%
On assessed value
Assessed land
$78,860
Assessed improvement
$125,900
Land market value
$225,300
Improvement market value
$359,700
Total market value
$585,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Construction
WOOD
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Rooms
5
Bathrooms
1
Total area
3,446 SF
Lot
0.82 ac (35,772 SF)
Zoning code
OB
APN
216-16-006
UPID
US66-2110631
Jurisdiction
CUYAHOGA
Zoning & alternative use
OB · Westlake, OHZoning OB · permitted uses
OB · Westlake, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Office Building District is intended for both local and regional offices adjacent to business areas and accessible to residents and in which such uses are compatible with adjoining residential districts.
Zone name
Office Building
General category
COMMERCIAL
Zone area
261.83 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2005
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
5
Bathrooms
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
C Chapman Holdings LLC
Entity
Mailing address
32700 SCHWARTZ RD, AVON, OH 44011-2530
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2025
$685,000
C Chapman Holdings LLC
Mhm Management Ltd
Deed
$582,250 · The Huntington National Bank
Jan 17, 2017
—
Mhm Management Ltd
—
Deed
related
$535,655 · First Nat'l Bk/pa
May 4, 2005
—
Mhm Management LLC
—
Trustees Deed
related
$815,000 · National City Bank
Feb 11, 2004
—
Mhm Management LLC
Marotta,michael H
Quit Claim Deed
related
—
—
—
Mhm Management Ltd
—
Deed Of Trust
related
$535,655 · First Nat'l Bk/pa
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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