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Property profile & analytics
OFF-MARKET
Estimated value
$2,205,000
Office buildings
4150 Highlander Pkwy 4170 Richfield, OH 44286-9089
Entity Owned
21-yr Hold
Free & Clear
Property ID
US66-2720018
Property summary
AI-generated overview
This exceptional industrial property, located at 4150 Highlander Pkwy in Richfield, Ohio, presents a unique investment opportunity. The 10.072-acre lot houses three single-story buildings totaling 9,055 square feet of flexible space, ideal for a variety of industrial and warehouse uses. Built in 2004, this Class B property features a multi-tenant configuration, offering one currently available space. The zoning is PCD, and the Summit County APN is 5002648. The buildings boast a versatile design, combining office and warehouse areas. The warehouse space offers impressive 14-foot ceiling heights, providing ample room for storage and operations, while the office areas feature 9-foot ceilings. This property is strategically located in Richfield, OH, with easy access to major transportation routes. The property's size and flexible layout make it suitable for a range of businesses seeking efficient and adaptable space. This is a rare opportunity to acquire a well-maintained industrial property in a desirable location. Contact us today to learn more about this exceptional offering.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
23,528 SF
Lot
10.04 ac (437,168 SF)
APN
50-02648
UPID
US66-2720018
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
$2.68M
Blend (final)
Blend
$2.21M
Owner & transaction history
M & P Richfield LLC · 21 yrs held
M & P Richfield LLC
since 2004
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+43.5%
Auto repair, garage
$2.3M
+28.1%
Medical building
$2.2M
+20.6%
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 Richfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richfield 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,825,000
Current use
RESTAURANT
$2,620,000
Change: +43% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,340,000
Change: +28% · Conversion: Difficult
MEDICAL BUILDING
$2,205,000
Change: +21% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,200,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,745,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$2.21M
Range $1.98M – $2.43M · ±10%
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
$94 / 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
$149,754
Tax year 2023
Assessed value
$2,766,900
Assessed 2023
Previous assessed
$2,766,900
+0.0% YoY
Effective rate
5.41%
On assessed value
Assessed land
$298,730
Assessed improvement
$2,468,170
Land market value
$853,500
Improvement market value
$7,051,910
Total market value
$7,905,410
Applied tax rate
50.0000
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
2002
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Units
1
Total area
23,528 SF
Lot
10.04 ac (437,168 SF)
APN
50-02648
UPID
US66-2720018
Jurisdiction
SUMMIT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.8M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2002
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
10.04 ac
Current owner
From public records · entity-resolved
M & P Richfield LLC
Entity
Free & Clear · 21 yrs held
Mailing address
4150 HIGHLANDER PKWY #4170, RICHFIELD, OH 44286-9089
Ownership since
2004
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
Dec 4, 2023
—
M&p Richfield LLC
—
Deed
related
$548,000 · Us Bank NA
Oct 29, 2019
—
M&p Richfield LLC
—
Deed
related
$1,995,000 · Us Bank NA
Aug 13, 2004
—
M & P Richfield LLC
M & P Richfield LLC
Quit Claim Deed
related
—
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.
Try Rey
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