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Property profile & analytics
OFF-MARKET
Estimated value
$3,660,000
Office buildings
3001 Towpath Trl Broadview Heights, OH 44147-3650
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-1696806
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
TYPE NOT SPECIFIED
Total area
27,720 SF
Lot
4.83 ac (210,394 SF)
Zoning code
E-2
APN
585-17-012
UPID
US66-1696806
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
$4.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.65M
Blend (final)
Blend
$3.66M
Owner & transaction history
3001 4001 Towpath Road LLC · 4 yrs held
3001 4001 Towpath Road LLC
since 2021
Last sale
$3.2M
4 recorded transactions
Zoning & alternative use
E-2 · Broadview Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.7M
+4.3%
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 Broadview Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Broadview Heights 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
$4,360,000
ML approach
$4,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,485,000
Current use
RESTAURANT
$4,675,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$3.66M
Range $3.29M – $4.03M · ±10% · vs last sale $3.20M (Dec 10 2021)
Last sale anchor
$3.20M
Dec 10 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
$132 / 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
$79,107
Tax year 2023
Assessed value
$1,038,670
Assessed 2023
Previous assessed
$1,038,670
+0.0% YoY
Effective rate
7.62%
On assessed value
Assessed land
$115,400
Assessed improvement
$923,270
Land market value
$329,700
Improvement market value
$2,637,900
Total market value
$2,967,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
NONE
Buildings
2
Stories
1
Total area
27,720 SF
Lot
4.83 ac (210,394 SF)
Zoning code
E-2
APN
585-17-012
UPID
US66-1696806
Jurisdiction
CUYAHOGA
Zoning & alternative use
E-2 · Broadview Heights, OH
Zoning E-2 · permitted uses
E-2 · Broadview Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Broadview Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.5M
RESTAURANT
Est. value
$4.7M
OFFICE BUILDING Current
RESTAURANT
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
1997
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
4.83 ac
Current owner
From public records · entity-resolved
3001 4001 Towpath Road LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4760 RICHMOND RD STE #200, CLEVELAND, OH 44128-5979
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
$3,200,000
3001 4001 Towpath Road LLC
Broadview Business Center Ltd
Limited Warranty Deed
—
Jul 15, 2011
—
Broadview Business Center Ltd
—
Deed Of Trust
related
$1,650,000 · Symetra Life Insurance Co
Aug 3, 1998
—
T & A Land Development INC
Broadview Road Investment Co
Grant Deed
related
—
—
—
T & A Land Development INC
—
Deed Of Trust
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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