Entity Owned 
For Lease
1 / 2
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303 Royalton Rd, Broadview Heights, OH 44147-2591
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Property summary
AI-generated overview
The property is a retail center located within Wellpoint Plaza, with access to shopping suites designated as 18 and 19 that can be combined into a larger unit. It is positioned within walking distance of City Hall and the Rec Center, approximately 1.9 miles from Interstate 77, and it falls within the Brecksville-Broadview Heights school district.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Total area
21,054 SF
Lot
0.69 ac (29,914 SF)
Zoning code
C-4
APN
583-12-072
UPID
US66-4571003
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.57M
Comparable Approach
Comparable
$3.04M
Blend (final)
Blend
$2.92M
Owner & transaction history
since 2025
1 recorded transaction
Zoning & alternative use
C-4 · Broadview Heights, OH
Zoning description
4: DISTRICTS GENERALLY AND ZONE MAP CHAPTER 1266: CLASSIFICATION OF USES CHAPTER 1268: CLASS A DISTRICTS CHAPTER 1272: CLASS B-3 DISTRICTS CHAPTER 1275: CLASS B-5 DISTRICTS CHAPTER 1276: BUSINESS DISTRICTS CHAPTER 1277:…
General category
COMMERCIAL
Top alternative use upside
Restaurant
$3.8M
+62.8%
Office building
$3.4M
+48.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.92M
Value range
$2.63M – $3.21M
±10% around blend
Estimated value / SF
$139 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
30
Income certainty
100
$2.63M
blend $2.92M
$3.21M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
21,054 SF
Lot area
0.69 ac
Year built
2001
Stories
2
APN
583-12-072
Assessed value
$1,020,810
Annual tax
$85,677
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.57M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.87M
@ 6.5% CAP return
$3.57M
@ 7% CAP return
$3.32M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$85,677
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.44M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
12.7 mi away · 19,976 SF
20.8 mi away · 17,904 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.92M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 54 sales
$110
+26%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $139/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+63%
vs current-use indication
Office Building
Medical Building · current use
Neighborhood: Shopping Center
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$161k
Move the market yield to see immediate price impact.
Value / SF
$8
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$10k
$203k
$145k
$113k
$11k
$225k
$161k
$125k
$12k
$248k
$177k
$138k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$4.59M
0.6 mi · Sep 2025 · $305/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$85,677
Tax year 2023
Assessed value
$1,020,810
Assessed 2023
Previous assessed
$1,020,810
+0.0% YoY
Effective rate
8.39%
On assessed value
Assessed land
$167,510
Assessed improvement
$853,300
Land market value
$478,600
Improvement market value
$2,438,000
Total market value
$2,916,600
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2001
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
21,054 SF
Lot
0.69 ac (29,914 SF)
Zoning code
C-4
APN
583-12-072
UPID
US66-4571003
Jurisdiction
CUYAHOGA
Zoning & alternative use
C-4 · Broadview Heights, OHZoning C-4 · permitted uses
C-4 · Broadview Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
4: DISTRICTS GENERALLY AND ZONE MAP CHAPTER 1266: CLASSIFICATION OF USES CHAPTER 1268: CLASS A DISTRICTS CHAPTER 1272: CLASS B-3 DISTRICTS CHAPTER 1275: CLASS B-5 DISTRICTS CHAPTER 1276: BUSINESS DISTRICTS CHAPTER 1277:…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.69 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C-4
COMMERCIAL
Jurisdiction
Broadview Heights, OH
Recorded code
C-4
Official district
C-4
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-4 in Broadview Heights, OH.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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