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Property profile & analytics
OFF-MARKET
Estimated value
$3,370,000
Manufacturing properties
4223 Monticello Blvd South Euclid, OH 44121-2814
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US66-1760715
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1956
Construction
TYPE NOT SPECIFIED
Total area
42,636 SF
Lot
5.56 ac (242,311 SF)
Zoning code
M-I
APN
701-11-003
UPID
US66-1760715
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
$2.70M
Comparable Approach
Comparable
$3.27M
Blend (final)
Blend
$3.37M
Owner & transaction history
Aerocontrolex Group INC · 19 yrs held
Aerocontrolex Group INC
since 2007
7 recorded transactions
Zoning & alternative use
M-I · South Euclid, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.6M
+152.0%
Neighborhood: shopping center
$4.3M
+134.9%
Auto repair, garage
$3.8M
+106.3%
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 South Euclid submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Euclid 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%
$2,920,000
6.5%
$2,695,000
7%
$2,500,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,635,000
Change: +152% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,320,000
Change: +135% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,795,000
Change: +106% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,535,000
Change: +92% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,155,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$3.37M
Range $3.03M – $3.71M · ±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
$79 / 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
$89,425
Tax year 2023
Assessed value
$761,250
Assessed 2023
Previous assessed
$761,250
+0.0% YoY
Effective rate
11.75%
On assessed value
Assessed land
$116,830
Assessed improvement
$644,420
Land market value
$333,800
Improvement market value
$1,841,200
Total market value
$2,175,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1956
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
42,636 SF
Lot
5.56 ac (242,311 SF)
Zoning code
M-I
APN
701-11-003
UPID
US66-1760715
Jurisdiction
CUYAHOGA
Zoning & alternative use
M-I · South Euclid, OH
Zoning M-I · permitted uses
M-I · South Euclid, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Euclid. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1956
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
5.56 ac
Current owner
From public records · entity-resolved
Aerocontrolex Group INC
Entity
Mailing address
4223 MONTICELLO BLVD, CLEVELAND, OH 44121-2814
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2017
—
Aerocontrolex Group INC
—
Loan Modification
related
—
Sep 6, 2016
—
Aerocontrolex Group INC
—
Deed
related
—
Dec 3, 2014
—
Aeroncontrolex Group INC
—
Loan Modification
related
$825,000,000 · Credit Suisse Ag
Mar 24, 2011
—
Aerocontrolex Group INC
—
Deed Of Trust
related
$1,795,000 · Credit Suisse Ag
Jul 2, 2007
—
Aerocontrolex Group INC
Transdigm INC
Quit Claim Deed
related
—
—
—
Aerocontrolex Group INC
—
Loan Modification
related
$3,410,000 · Credit Suisse Ag
—
—
Aerocontrolex Group INC
—
Deed Of Trust
related
—
—
—
Transdigm INC
—
Deed Of Trust
related
$440,000 · Credit Suisse First Boston Mtg
—
—
Transdigm INC
—
Deed Of Trust
related
$1,050,000 · Credit Suisse
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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