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Property profile & analytics
OFF-MARKET
Estimated value
$2,905,000
Warehouses
29600 Chagrin Blvd Beachwood, OH 44122-4620
Entity Owned
~
Est. High Equity
Property ID
US66-2556565
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1951
Construction
TYPE NOT SPECIFIED
Total area
54,016 SF
Lot
72.34 ac (3,151,130 SF)
Zoning code
U-1
APN
901-15-001
UPID
US66-2556565
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
$1.82M
Blend (final)
Blend
$2.91M
Owner & transaction history
Beechmont INC
Beechmont INC
since 2025
5 recorded transactions
Zoning & alternative use
U-1 · Beachwood, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.8M
+73.7%
Commercial (general)
$4.5M
+61.8%
Apartment house (5+ units)
$4.0M
+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 Beachwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beachwood 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
WAREHOUSE, STORAGE
$2,765,000
Current use
AUTO REPAIR, GARAGE
$4,805,000
Change: +74% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,475,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,995,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$2.91M
Range $2.61M – $3.20M · ±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
$54 / 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
$189,981
Tax year 2023
Assessed value
$2,366,250
Assessed 2023
Previous assessed
$2,366,250
+0.0% YoY
Effective rate
8.03%
On assessed value
Assessed land
$358,890
Assessed improvement
$2,007,360
Land market value
$1,025,400
Improvement market value
$5,735,300
Total market value
$6,760,700
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
1951
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
2
Total area
54,016 SF
Lot
72.34 ac (3,151,130 SF)
Zoning code
U-1
APN
901-15-001
UPID
US66-2556565
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-1 · Beachwood, OH
Zoning U-1 · permitted uses
U-1 · Beachwood, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Beachwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
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
1951
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
6
Lot
72.34 ac
Current owner
From public records · entity-resolved
Beechmont INC
Entity
Mailing address
29600 CHAGRIN BLVD, BEACHWOOD, OH 44122-4620
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2025
—
Beechmont INC
—
Deed
related
$6,000,000 · The Huntington National Bank
Apr 6, 2022
—
Beechmont INC
—
Deed
related
$500,000 · Jpmorgan Chase Bank NA
Mar 15, 2022
—
Beechmont INC
—
Deed
related
$500,000 · Jpmorgan Chase Bank NA
Mar 4, 2016
—
Beechmont INC
—
Grant Deed
related
$1,800,000 · Jp Morgan Chase Bk
Jan 13, 2016
—
Beechmont INC
—
Deed Of Trust
related
$1,700,000 · Jp Morgan Chase Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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