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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Office Spaces
28871 Ctr Rdg Rde Westlake, OH 44145-5271
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-4543774
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1994
Construction
WOOD
Total area
2,647 SF
Lot
0.27 ac (11,566 SF)
APN
216-18-305
UPID
US66-4543774
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
$395k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$558k
Blend (final)
Blend
$605k
Owner & transaction history
Cmr Estate LLC · 1 yrs held
Cmr Estate LLC
since 2025
Last sale
$842,728
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$370,000
ML approach
$395,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$550,000
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $843k (Mar 30 2025)
Last sale anchor
$843k
Mar 30 2025
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
$229 / 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
$9,833
Tax year 2023
Assessed value
$141,750
Assessed 2023
Previous assessed
$141,750
+0.0% YoY
Effective rate
6.94%
On assessed value
Assessed land
$25,760
Assessed improvement
$115,990
Land market value
$73,600
Improvement market value
$331,400
Total market value
$405,000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,647 SF
Lot
0.27 ac (11,566 SF)
APN
216-18-305
UPID
US66-4543774
Jurisdiction
CUYAHOGA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1994
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Cmr Estate LLC
Entity
Mailing address
28871 CTR RDG RD, WESTLAKE, OH 44145-5271
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2025
$842,728
Cmr Estate LLC
Shapiro Westlake Campus LLC
Warranty Deed
$585,000 · Lead Bank
Nov 9, 2021
—
Home Court Properties LLC
—
Deed
related
$115,000 · Us Bank NA
Nov 3, 2021
$150,000
Jwb2 Properties Of Westlake LLC
Metro Holdings Ltd
Deed
—
Jan 7, 2021
$405,000
Shapiro Westlake Campus LLC
Murphy Westlake Campus LLC
Warranty Deed
$300,000 · Buckeye Cmnty Bk
Apr 11, 2019
$135,000
Home Court Properties LLC
Moog,charles N & Alice I
Warranty Deed
$112,300 · State Farm Bk
Aug 9, 2017
$149,000
Team Green Mom LLC
King,john F
Warranty 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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