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Property profile & analytics
OFF-MARKET
Estimated value
$12,115,000
Warehouses
28600 Fountain Pkwy, Solon, OH 44139-4314
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1655515
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
TYPE NOT SPECIFIED
Total area
210,600 SF
Lot
12.69 ac (552,882 SF)
Zoning code
I-2
APN
953-20-002
UPID
US66-1655515
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
$8.64M
CAP Approach
CAP
$16.17M
Comparable Approach
Comparable
$11.49M
Blend (final)
Blend
$12.12M
Owner & transaction history
Treeview Cleveland LLC · 4 yrs held
Treeview Cleveland LLC
since 2022
Last sale
$14.2M
4 recorded transactions
Zoning & alternative use
I-2 · Solon, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$18.7M
+73.7%
Commercial (general)
$17.5M
+61.8%
Apartment house (5+ units)
$15.6M
+44.5%
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 Solon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Solon 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
$11,525,000
ML approach
$8,635,000
CAP Approach
CAP Return
Estimation
6%
$17,510,000
6.5%
$16,165,000
7%
$15,010,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,785,000
Current use
AUTO REPAIR, GARAGE
$18,735,000
Change: +74% · Conversion: Easy
COMMERCIAL (GENERAL)
$17,450,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$15,580,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$12.12M
Range $10.90M – $13.33M · ±10% · vs last sale $14.17M (Mar 18 2022)
Last sale anchor
$14.17M
Mar 18 2022
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
$58 / 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
$384,016
Tax year 2023
Assessed value
$4,215,440
Assessed 2023
Previous assessed
$4,215,440
+0.0% YoY
Effective rate
9.11%
On assessed value
Assessed land
$342,020
Assessed improvement
$3,873,420
Land market value
$977,200
Improvement market value
$11,066,900
Total market value
$12,044,100
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
1998
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
210,600 SF
Lot
12.69 ac (552,882 SF)
Zoning code
I-2
APN
953-20-002
UPID
US66-1655515
Jurisdiction
CUYAHOGA
Zoning & alternative use
I-2 · Solon, OH
Zoning I-2 · permitted uses
I-2 · Solon, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Solon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$10.8M
AUTO REPAIR, GARAGE
Est. value
$18.7M
COMMERCIAL (GENERAL)
Est. value
$17.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.6M
WAREHOUSE, STORAGE Current
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
1998
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
12.69 ac
Current owner
From public records · entity-resolved
Treeview Cleveland LLC
Entity
Mailing address
1600 JOHN F KENNEDY BLVD STE #1010, PHILADELPHIA, PA 19103-2800
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2022
$14,171,000
Treeview Cleveland LLC
Cleveland Owner Corp
Limited Warranty Deed
—
Mar 13, 2012
—
Cleveland Owner Corp
—
Deed Of Trust
related
$30,000,000 · J P Morgan Chase Bank
Jan 4, 2007
$21,475,000
Cleveland Owner Corp
Fr Fountain Parkway LLC
Deed Of Trust
related
$33,950,000 · Column Financial INC
Jun 22, 2006
—
Fr Fountain Parkway LLC
Duke Realty Ohio
Warranty Deed
related
—
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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