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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Office buildings
3501 Royalton Rd Broadview Heights, OH 44147-2983
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1532067
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
TYPE NOT SPECIFIED
Total area
9,396 SF
Lot
1.63 ac (71,071 SF)
Zoning code
C-3
APN
583-18-014
UPID
US66-1532067
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
$1.82M
CAP Approach
CAP
$2.10M
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.72M
Owner & transaction history
Omco Building LLC · 2 yrs held
Omco Building LLC
since 2023
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
C-3 · Broadview Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+4.3%
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
$1,885,000
ML approach
$1,820,000
CAP Approach
CAP Return
Estimation
6%
$2,275,000
6.5%
$2,100,000
7%
$1,950,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,520,000
Current use
RESTAURANT
$1,585,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±10% · vs last sale $1.60M (Dec 27 2023)
Last sale anchor
$1.60M
Dec 27 2023
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
$183 / 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
$24,910
Tax year 2023
Assessed value
$292,990
Assessed 2023
Previous assessed
$292,990
+0.0% YoY
Effective rate
8.50%
On assessed value
Assessed land
$37,140
Assessed improvement
$255,850
Land market value
$106,100
Improvement market value
$731,000
Total market value
$837,100
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
Off-Market
Year built
1979
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
9,396 SF
Lot
1.63 ac (71,071 SF)
Zoning code
C-3
APN
583-18-014
UPID
US66-1532067
Jurisdiction
CUYAHOGA
Zoning & alternative use
C-3 · Broadview Heights, OH
Zoning C-3 · permitted uses
C-3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.5M
RESTAURANT
Est. value
$1.6M
OFFICE BUILDING Current
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.63 ac
Current owner
From public records · entity-resolved
Omco Building LLC
Entity
Mailing address
3993 E ROYALTON RD, BROADVIEW HEIGHTS, OH 44147-2929
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
$1,600,000
Omco Building LLC
Kaulig Garage Real Estate LLC
Limited Warranty Deed
—
Apr 6, 2023
$1,600,000
Kaulig Garage Real Estate LLC
All Hellers Realty Co Ltd
Limited Warranty Deed
—
Sep 25, 2018
$38,528
City Of Broadview Heights
All-hellers Realty Co Ltd
Warranty Deed
—
Aug 6, 2012
—
All-hellers Realty Co Ltd
All-hellers Realty Co Ltd
Quit Claim Deed
related
—
—
—
All-hellers Realty Co Ltd
—
Deed Of Trust
related
$185,681 · Huntington National Bank
—
—
All-hellers Realty Co Ltd
—
Deed Of Trust
related
$124,001 · Huntington National Bank
—
—
All Hellers Realty Co Ltd
—
Deed Of Trust
related
$243,000 · Western Reserve Bank
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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