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Property profile & analytics
OFF-MARKET
Estimated value
$7,575,000
Warehouses
29001 Solon Rd 29099, Solon, OH 44139-3468
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2469962
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Construction
TYPE NOT SPECIFIED
Total area
194,640 SF
Lot
13.99 ac (609,492 SF)
Zoning code
I-2
APN
953-07-001
UPID
US66-2469962
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
$8.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.46M
Blend (final)
Blend
$7.58M
Owner & transaction history
Aurora 29001 Solon LLC · 4 yrs held
Aurora 29001 Solon LLC
since 2021
Last sale
$7.6M
7 recorded transactions
Zoning & alternative use
I-2 · Solon, OH
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 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
$6,565,000
ML approach
$8,490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,970,000
Current use
Blend value · Realmo final
$7.58M
Range $6.82M – $8.33M · ±10% · vs last sale $7.63M (Dec 15 2021)
Last sale anchor
$7.63M
Dec 15 2021
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
$39 / 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
$182,339
Tax year 2023
Assessed value
$2,001,580
Assessed 2023
Previous assessed
$1,800,120
+11.2% YoY
Effective rate
9.11%
On assessed value
Assessed land
$359,940
Assessed improvement
$1,641,640
Land market value
$1,028,400
Improvement market value
$4,690,400
Total market value
$5,718,800
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
1972
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
194,640 SF
Lot
13.99 ac (609,492 SF)
Zoning code
I-2
APN
953-07-001
UPID
US66-2469962
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
$10.0M
WAREHOUSE, STORAGE Current
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
1972
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
13.99 ac
Current owner
From public records · entity-resolved
Aurora 29001 Solon LLC
Entity
Mailing address
301 E YAMATO RD STE #4160, BOCA RATON, FL 33431-4933
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
—
Aurora 29001 Solon LLC
—
Deed
related
$8,750,000 · Byline Bank
Dec 15, 2021
$7,625,000
Aurora 29001 Solon LLC
29001 Solon Road LLC
Limited Warranty Deed
$150,883,000 · Wells Fargo Bank NA
Feb 26, 2019
—
29001 Solon Road LLC
—
Loan Modification
related
$73,144,649 · Miscellaneous Ins Co
Nov 30, 2017
—
29001 Solon Road LLC
—
Grant Deed
related
$72,000,000 · Miscellaneous Ins Co
Jul 29, 2010
—
29001 Solon Road LLC
—
Deed Of Trust
related
$2,600,000 · Lorain National Bank
Aug 14, 2009
$2,900,000
29001 Solon Road LLC
Solon Indl Townhouse Ptrs Ltd
Deed Of Trust
related
$1,140,117 · Solon Ind'l Townhouse Ptrs Ltd
—
—
29001 Solon Road LLC
—
Loan Modification
related
$750,000 · Lorain Nat'l Bk
—
—
29001 Solon Road LLC
—
Deed Of Trust
related
$525,000 · Lorain National Bank
—
—
29001 Solon Road LLC
—
Deed Of Trust
related
$3,800,000 · Lorain Nat'l Bk
—
—
29001 Solon Road LLC
—
Deed Of Trust
related
$1,100,000 · Lorain National Bank
—
—
29001 Solon Road LLC
—
Deed Of Trust
related
$4,500,000 · Miscellaneous Ins Co
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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