Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    350 Legend Ct, Unit B Highland Heights, OH 44143-3774
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    350 Legend Ct, Unit B Highland Heights, OH 44143-3774

    View on Map
    • Garden apartment buildings
    • 2,224 SF
    Off-Market
    Last Sale Nov 19, 2020
    $323,000
    Property ID
    US66-2503453
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 350 Legend Ct

    Year built
    2003
    Property size
    2,224 SF
    Property type
    Garden apartment buildings
    APN
    821-12-323
    APU
    82112323

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Highland Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.4602
    Latitude
    41.5639
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,701
    $9,520
    $103,530
    $113,050
    -
    $27,200
    $295,800
    $323,000

    Comparable in this City

    • Value Estimation by Request
      1,068 SF

      26 Trenton Sqt39

      GARDEN APT, COURT APT (5+ UNITS) • 1,068 SF
      26 Trenton Sqt39, Euclid, OH 44143-2421
      View Details
    • Value Estimation by Request
      774 SF

      14 Charleston Sqc29

      GARDEN APT, COURT APT (5+ UNITS) • 774 SF
      14 Charleston Sqc29, Euclid, OH 44143-2410
      View Details
    • Value Estimation by Request
      1,068 SF

      28 Charleston Sqc57

      GARDEN APT, COURT APT (5+ UNITS) • 1,068 SF
      28 Charleston Sqc57, Euclid, OH 44143-2452
      View Details
    • Value Estimation by Request
      1,068 SF

      13 Charleston Sqc22

      GARDEN APT, COURT APT (5+ UNITS) • 1,068 SF
      13 Charleston Sqc22, Euclid, OH 44143-2409
      View Details
    • Value Estimation by Request
      710 SF

      14 Charleston Sqc38

      GARDEN APT, COURT APT (5+ UNITS) • 710 SF
      14 Charleston Sqc38, Euclid, OH 44143-2410
      View Details
    • Value Estimation by Request
      774 SF

      14 Charleston Sqc37

      GARDEN APT, COURT APT (5+ UNITS) • 774 SF
      14 Charleston Sqc37, Euclid, OH 44143-2410
      View Details

    Similar Nearby for Sale

    • $300,000
      Pending

      Sprawling Multi-Family Home on Acreage

      Unique property on nearly five acres of protected woodland.
      22791 Harms Rd, Euclid, OH 44143
      View Details
    • Contact for pricing
      56 SF

      56.5 Acres Commercial Land Available

      56.5 acres of commercial land along I-271.
      520 Som Center Rd, Cleveland, OH 44143
      View Details
    • Contact for pricing
      75,167 SF

      Industrial Investment Opportunity

      Two-tenant industrial property available for sale.
      5335 Avion Park Dr, Highland Heights, OH 44143
      View Details
    • $38,000
      0.19 Acres

      Residential Land in Richmond Heights

      Undeveloped lot suitable for building a dream home.
      Loxley Dr, Richmond Heights, OH 44143
      View Details
    • $249,900
      3.62 Acres

      Mayfield Village 3.6 Acre Land

      3.6 acre building site in the heart of Mayfield Village.
      691 Som Center Rd, Mayfield Village, OH 44143
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Belle Oaks Marketplace Retail Space

      Retail spaces and outparcels available in mixed-use development.
      641 Richmond Rd, Richmond Heights, OH 44143
      View Details
    • $10 SF/Yr
      38,350 SF

      Available Office Space in Highland

      38,350 SF office space for rent near I-271.
      734 Alpha Dr, Highland Heights, OH 44143
      View Details
    • Contact for pricing
      4,924 SF

      Office Space in Alpha Park

      Office and technology complex in a park-like environment for rent.
      667-677 Alpha Dr, Highland Heights, OH 44143
      View Details
    • Contact for pricing
      2,010 SF

      Medical Office Space Available

      Medical office space for rent near major freeways.
      781 Beta Dr, Mayfield, OH 44143
      View Details
    • Contact for pricing

      Highland Heights Commercial Property

      Commercial property for rent in rapidly growing Highland Heights, Ohio.
      6267 Wilson Mills Rd, Highland Heights, OH 44143
      View Details
    • Contact for pricing

      Retail/Office Space Available

      4,160 SF retail or office space for rent.
      754 Richmond Rd, Richmond Heights, OH 44143
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    350 Legend Ct, Unit B
    Highland Heights, OH 44143-3774
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!