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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Residential income homes
2821 Mayfield Rd, Cleveland Heights, OH 44118-1674
Entity Owned
3-yr Hold
Property ID
US66-6261082
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1920
Construction
TYPE NOT SPECIFIED
Total area
5,460 SF
Lot
0.16 ac (6,890 SF)
Zoning code
C2
APN
684-01-127
UPID
US66-6261082
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
$710k
Blend (final)
Blend
$620k
Owner & transaction history
Northland Glenmont 1 LLC · 3 yrs held
Northland Glenmont 1 LLC
since 2022
6 recorded transactions
Zoning & alternative use
C2 · Cleveland Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$920,000
+128.0%
Office building
$885,000
+118.6%
Medical building
$595,000
+46.9%
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 Cleveland Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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
APARTMENT HOUSE (5+ UNITS)
$405,000
Current use
RESTAURANT
$920,000
Change: +128% · Conversion: Difficult
OFFICE BUILDING
$885,000
Change: +119% · Conversion: Moderate
MEDICAL BUILDING
$595,000
Change: +47% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$555,000
Change: +37% · Conversion: Difficult
AUTO REPAIR, GARAGE
$485,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$450,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$114 / 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
$10,026
Tax year 2023
Assessed value
$69,620
Assessed 2023
Previous assessed
$69,620
+0.0% YoY
Effective rate
14.40%
On assessed value
Assessed land
$13,510
Assessed improvement
$56,110
Land market value
$38,600
Improvement market value
$160,300
Total market value
$198,900
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1920
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
NONE
Stories
2
Units
4
Bathrooms
4
Total area
5,460 SF
Lot
0.16 ac (6,890 SF)
Zoning code
C2
APN
684-01-127
UPID
US66-6261082
Jurisdiction
CUYAHOGA
Zoning & alternative use
C2 · Cleveland Heights, OH
Zoning C2 · permitted uses
C2 · Cleveland Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$405,000
RESTAURANT
Est. value
$920,000
OFFICE BUILDING
Est. value
$885,000
MEDICAL BUILDING
Est. value
$595,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$485,000
COMMERCIAL (GENERAL)
Est. value
$450,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1920
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Northland Glenmont 1 LLC
Entity
Mailing address
2752 BRAINARD HLS DR, PEPPER PIKE, OH 44124-4544
Ownership since
2022
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
Dec 21, 2022
—
Northland Glenmont 1 LLC
Glenmont Place LLC
Intrafamily Transfer
related
—
Jun 14, 2011
—
Cary J Zabell
Glenmont Place LLC
Warranty Deed
$141,000 · J P Morgan Chase Bank
Feb 9, 2006
—
Cary J Zabell
Glenmont Place LLC
Warranty Deed
$150,000 · Washington Mutual Fsb
Feb 24, 2004
$155,000
Glenmont Place LLC
Boyce,thomas R
Grant Deed
—
—
—
Thomas R Boyce
—
Deed Of Trust
related
$150,000 · Fifth Third Bank Ne Ohio
—
—
Thomas R Boyce
—
Deed Of Trust
related
$180,000 · Fifth Third Bank Ne Ohio
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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