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Property profile & analytics
OFF-MARKET
Office buildings
3689 Lee Rd Shaker Heights, OH 44120-5115
Entity Owned
8-yr Hold
Free & Clear
Property ID
US66-5754562
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
TYPE NOT SPECIFIED
Total area
3,000 SF
Lot
0.13 ac (5,600 SF)
Zoning code
C3
APN
735-26-015
UPID
US66-5754562
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
3689-2 Lee LLC · 8 yrs held
3689-2 Lee LLC
since 2018
7 recorded transactions
Zoning & alternative use
C3 · Shaker 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 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
$5,095
Tax year 2023
Assessed value
$36,260
Assessed 2023
Previous assessed
$36,260
+0.0% YoY
Effective rate
14.05%
On assessed value
Assessed land
$7,840
Assessed improvement
$28,420
Land market value
$22,400
Improvement market value
$81,200
Total market value
$103,600
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
1960
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
3,000 SF
Lot
0.13 ac (5,600 SF)
Zoning code
C3
APN
735-26-015
UPID
US66-5754562
Jurisdiction
CUYAHOGA
Zoning & alternative use
C3 · Shaker Heights, OH
Zoning C3 · permitted uses
C3 · Shaker Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shaker Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
3689-2 Lee LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2985 WINTHROP RD, SHAKER HTS, OH 44120-1827
Ownership since
2018
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
Feb 26, 2018
$100,000
3689-2 Lee LLC
3689 Lee LLC
Warranty Deed
related
—
Apr 5, 2011
—
3689 Lee LLC
Belkin,dmitry
Quit Claim Deed
related
—
Mar 25, 2011
$40,000
Dmitry Belkin
Ib Property Holdings LLC
Grant Deed
—
Oct 28, 2009
$66,667
Ib Property Holdings LLC
Sheriff Of Cuyahoga County
Trustees Deed
related
—
Jan 3, 2007
$152,000
Prime Rentals LLC
Loury,david W & Pamela
Warranty Deed
$91,000 · Alternative Busn Credit LLC
Mar 25, 2005
—
Pamela Loury
Loury,david W
Quit Claim Deed
related
—
Jul 8, 1997
—
David W Loury
Siegel,sally
Grant Deed
$76,000 · First National Bank Ohio
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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