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Property profile & analytics
OFF-MARKET
Apartment buildings
3311 Warrensville Ctr Rd Shaker Heights, OH 44122-3742
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US66-2436830
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
0.44 ac (19,300 SF)
Zoning code
A
APN
736-11-023
UPID
US66-2436830
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Eic Aristocrat LLC · 20 yrs held
Eic Aristocrat LLC
since 2006
3 recorded transactions
Zoning & alternative use
A · Shaker Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is to promote quality high density apartment development which will provide efficient use of land and infrastructure while it continues the spacious residential character of the City and to provide for the location of such development in areas compatible with adjacent uses
Zone name
Apartment Residential
General category
RESIDENTIAL
Zone area
80.41 ac
Source
Realmo
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 Shaker Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shaker 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,331
Tax year 2023
Assessed value
$37,840
Assessed 2023
Previous assessed
$37,840
+0.0% YoY
Effective rate
14.09%
On assessed value
Assessed land
$37,840
Land market value
$108,100
Total market value
$108,100
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Heating
NONE
Lot
0.44 ac (19,300 SF)
Zoning code
A
APN
736-11-023
UPID
US66-2436830
Jurisdiction
CUYAHOGA
Zoning & alternative use
A · Shaker Heights, OHZoning A · permitted uses
A · Shaker Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District is to promote quality high density apartment development which will provide efficient use of land and infrastructure while it continues the spacious residential character of the City and to provide for the location of such development in areas compatible with adjacent uses
Zone name
Apartment Residential
General category
RESIDENTIAL
Zone area
80.41 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.44 ac
Current owner
From public records · entity-resolved
Eic Aristocrat LLC
Entity
Mailing address
3311 WARRENSVILLE CTR RD, SHAKER HEIGHTS, OH 44122-3742
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2023
—
Sh 3310 Warrensville LLC
—
Deed
related
$18,700,000 · Eriebank
Feb 1, 2006
—
Eic Aristocrat LLC
Arbert LLC
Grant Deed
$2,400,000 · Lasalle National Bank
—
—
Lsredf2 Apex Oh LLC
—
Deed Of Trust
related
$2,010,000 · Homebanc
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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