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33001 Solon Rd, Solon, OH 44139
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Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Total area
59,470 SF
Lot
6.29 ac (274,180 SF)
APN
952-18-016
UPID
US66-5244423
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
HVAC Service General Contractor
-
Pediatrician Medical Clinic
-
Alternative Medicine Practice
-
Physician
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.77M
CAP Approach
CAP
$4.57M
Comparable Approach
Comparable
$4.08M
Blend (final)
Blend
$4.57M
Owner & transaction history
since 2025
Last sale
$5.6M
3 recorded transactions
Zoning & alternative use
Top alternative use upside
Medical building
$6.5M
+112.2%
Neighborhood: shopping center
$6.0M
+97.8%
Auto repair, garage
$5.3M
+73.7%
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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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$4.57M
Value range
$4.11M – $5.03M
±10% around blend
Estimated value / SF
$77 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
40
Income certainty
100
$4.11M
blend $4.57M
$5.03M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
59,470 SF
Lot area
6.29 ac
Year built
1981
Stories
2
APN
952-18-016
Assessed value
$1,497,340
Annual tax
$136,404
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.57M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.95M
@ 6.5% CAP return
$4.57M
@ 7% CAP return
$4.24M
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
$136,404
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$8.60M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.3 mi away · 60,000 SF
5.4 mi away · 56,308 SF
22.5 mi away · 48,600 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.57M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 762 sales
$51
+50%
County 779 sales
$52
+48%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $77/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+112%
vs current-use indication
Neighborhood: Shopping Center
Auto Repair, Garage
Commercial (general)
Apartment House (5+ Units)
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
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
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 · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
6.50%
Selected cap rate for this warehouses
Derived from the Solon market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.50%
9.0%
NOI (est.)
$14k *
Last sale · Mar 2022
$5.62M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$221k
Move the market yield to see immediate price impact.
Value / SF
$4
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
6.00%6.50%7.00%
$13k
$215k
$198k
$184k
$14k
$239k
$221k
$205k
$16k
$263k
$243k
$225k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$8.40M
0.9 mi · Dec 2025 · $168/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$136,404
Tax year 2023
Assessed value
$1,497,340
Assessed 2023
Previous assessed
$1,497,340
+0.0% YoY
Effective rate
9.11%
On assessed value
Assessed land
$570,220
Assessed improvement
$927,120
Land market value
$1,629,200
Improvement market value
$2,648,900
Total market value
$4,278,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1981
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Total area
59,470 SF
Lot
6.29 ac (274,180 SF)
APN
952-18-016
UPID
US66-5244423
Jurisdiction
CUYAHOGA
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
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
1981
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
6.29 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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.
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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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