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Property profile & analytics
FOR LEASE
Office buildings
3201 E Royalton Rd Broadview Heights, OH 44147
Entity Owned
6-yr Hold
Free & Clear
Property ID
US66-2454135
For Lease
1 / 2
$1,280,000
3201 E Royalton Rd, Broadview Heights, OH 44147
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
TYPE NOT SPECIFIED
Total area
24,200 SF
Lot
2.43 ac (105,788 SF)
Zoning code
E-2
APN
583-16-004
UPID
US66-2454135
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
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.28M
Owner & transaction history
City Of Broadview Heights · 6 yrs held
City Of Broadview Heights
since 2019
6 recorded transactions
Zoning & alternative use
E-2 · Broadview Heights, 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 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
by Request
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±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
$53 / 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
$37,966
Tax year 2023
Assessed value
$446,290
Assessed 2023
Previous assessed
$446,290
+0.0% YoY
Effective rate
8.51%
On assessed value
Assessed land
$58,030
Assessed improvement
$388,260
Land market value
$165,800
Improvement market value
$1,109,300
Total market value
$1,275,100
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
For Lease
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Stories
1
Total area
24,200 SF
Lot
2.43 ac (105,788 SF)
Zoning code
E-2
APN
583-16-004
UPID
US66-2454135
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.
Building & site characteristics
From public records
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.43 ac
Current owner
From public records · entity-resolved
City Of Broadview Heights
Entity
Free & Clear · 6 yrs held
Mailing address
6055 ROCKSIDE WOODS BLVD N STE #100, INDEPENDENCE, OH 44131-2317
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2019
—
City Of Broadview Heights
Route 82 Ltd
Quit Claim Deed
related
—
Nov 10, 2016
—
Route 82 Ltd
—
Deed
related
$5,335,000 · Miscellaneous Ins Co
May 13, 1998
—
Route 82 Ltd
—
Deed Of Trust
related
$3,000,000 · Allstate Life Insurance Co
May 6, 1998
$165,000
Route 82 Ltd
Hub Valley Realty
Quit Claim Deed
related
—
—
—
Route 82 Ltd
—
Deed Of Trust
related
$5,335,000 · Miscellaneous Ins Co
—
—
Route 82 Ltd
—
Deed Of Trust
related
$1,365,000 · Canada Life Insurance Co Ameri
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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