Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,835,000
Specialty properties
29825 Chagrin Blvd Pepper Pike, OH 44124-5718
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1813280
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1969
Construction
TYPE NOT SPECIFIED
Total area
46,617 SF
Lot
13.93 ac (606,992 SF)
Zoning code
U-2
APN
872-17-032
UPID
US66-1813280
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
$4.08M
Blend (final)
Blend
$3.84M
Owner & transaction history
The Cleveland Racquet Club INC · 3 yrs held
The Cleveland Racquet Club INC
since 2022
7 recorded transactions
Zoning & alternative use
U-2 · Pepper Pike, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide public buildings and related uses
Zone name
Public Buildings
General category
UNKNOWN
Zone area
755.33 ac
Source
Realmo
Top alternative use upside
Medical building
$5.1M
+52.2%
Neighborhood: shopping center
$4.7M
+41.9%
Auto repair, garage
$4.2M
+24.6%
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 Pepper Pike submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pepper Pike 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$3,330,000
Current use
MEDICAL BUILDING
$5,065,000
Change: +52% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,720,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,150,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,865,000
Change: +16% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,450,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$3.84M
Range $3.45M – $4.22M · ±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
$82 / 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
$195,069
Tax year 2023
Assessed value
$2,000,810
Assessed 2023
Previous assessed
$2,000,810
+0.0% YoY
Effective rate
9.75%
On assessed value
Assessed land
$637,350
Assessed improvement
$1,363,460
Land market value
$1,821,000
Improvement market value
$3,895,600
Total market value
$5,716,600
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1969
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
46,617 SF
Lot
13.93 ac (606,992 SF)
Zoning code
U-2
APN
872-17-032
UPID
US66-1813280
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-2 · Pepper Pike, OHZoning U-2 · permitted uses
U-2 · Pepper Pike, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended to provide public buildings and related uses
Zone name
Public Buildings
General category
UNKNOWN
Zone area
755.33 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.5M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1969
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
13.93 ac
Current owner
From public records · entity-resolved
The Cleveland Racquet Club INC
Entity
Mailing address
29825 CHAGRIN BLVD, CLEVELAND, OH 44124-5718
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2022
—
The Cleveland Racquet Club INC
—
Deed
related
$700,000 · The Huntington National Bank
Dec 31, 2019
—
Cleveland Racquet Club INC
—
Deed
related
$2,276,063 · Tcf Nat'l Bk
Jul 8, 2014
—
Cleveland Racquet Club INC
—
Grant Deed
related
$2,159,510 · Talmer Bk & Tr
—
—
Cleveland Racquet Club INC
—
Deed Of Trust
related
$1,000,000 · Talmer Bk & Tr
—
—
Cleveland Racquet Club INC
—
Deed Of Trust
related
$2,240,000 · Pnc Bank
—
—
Cleveland Racquet Club INC
—
Deed Of Trust
related
$1,533,168 · National City Bank
—
—
Cleveland Racquet Club INC
—
Loan Modification
related
$2,276,063 · Tcf Nat'l 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 29825 Chagrin Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
