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Property profile & analytics
FOR SALE
Office buildings
4306 Mayfield Rd South Euclid, OH 44121
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US66-2086954
No photos on file
For Sale
$199,900
4306 Mayfield Rd, South Euclid, OH 44121
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Construction
WOOD
Total area
2,244 SF
Lot
0.43 ac (18,840 SF)
Zoning code
C-2
APN
703-38-020
UPID
US66-2086954
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
Michael Hersh · 11 yrs held
Michael Hersh
since 2015
4 recorded transactions
Zoning & alternative use
C-2 · South Euclid, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is To provide sufficient but not excessive land area for the business and commercial needs of the community and To foster the continuation of commercial, business and similar establishments now present within the community in conformity with recognized and reasonable standards in order that they be compatible with the primarily r…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
91.72 ac
Source
Realmo
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
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
$5,905
Tax year 2023
Assessed value
$42,350
Assessed 2023
Previous assessed
$42,350
+0.0% YoY
Effective rate
13.94%
On assessed value
Assessed land
$32,970
Assessed improvement
$9,380
Land market value
$94,200
Improvement market value
$26,800
Total market value
$121,000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1920
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
1
Total area
2,244 SF
Lot
0.43 ac (18,840 SF)
Zoning code
C-2
APN
703-38-020
UPID
US66-2086954
Jurisdiction
CUYAHOGA
Zoning & alternative use
C-2 · South Euclid, OHZoning C-2 · permitted uses
C-2 · South Euclid, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is To provide sufficient but not excessive land area for the business and commercial needs of the community and To foster the continuation of commercial, business and similar establishments now present within the community in conformity with recognized and reasonable standards in order that they be compatible with the primarily residential character of the community
Zone name
General Commercial
General category
COMMERCIAL
Zone area
91.72 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1920
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Michael Hersh
Individual
Mailing address
4630 BRAINARD RD, CHAGRIN FALLS, OH 44022-1506
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2015
$125,000
Michael Hersh
Paros Group LLC
Warranty Deed
$86,250 · First Nat'l Bk/pa
Aug 26, 2014
—
Paros Group LLC
Paros Samuel S SR
Quit Claim Deed
related
—
May 11, 2012
$150,000
Sam Paros
Boosinger,lora A
Warranty Deed
—
Mar 14, 2012
—
Lora A Boosinger
Taddeo,anthony F
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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