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Property profile & analytics
OFF-MARKET
Parking lots & garages
456 Richmond Park Dr Richmond Heights, OH 44143-1829
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US66-1532301
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Lot
0.38 ac (16,490 SF)
Zoning code
R-1
APN
662-24-008
UPID
US66-1532301
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
Gwendolyn Jones · 11 yrs held
Gwendolyn Jones
since 2015
5 recorded transactions
Zoning & alternative use
R-1 · Richmond Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Districts are intended to regulate the use of dwellings and their accessory activities in relation to districts having compatible characteristics, and to regulate the density of the population to avoid congestion, maintain adequate services, obtain proper light, air and privacy, and to promote the most beneficial use of land in accordance with the Master Pla…
Zone name
Single Family Residential 15000 Square Feet
General category
RESIDENTIAL
Zone area
1,697.12 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 Richmond Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
$512
Tax year 2023
Assessed value
$5,990
Assessed 2023
Previous assessed
$5,990
+0.0% YoY
Effective rate
8.55%
On assessed value
Assessed land
$5,600
Assessed improvement
$390
Land market value
$16,000
Improvement market value
$1,100
Total market value
$17,100
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
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Heating
NONE
Lot
0.38 ac (16,490 SF)
Zoning code
R-1
APN
662-24-008
UPID
US66-1532301
Jurisdiction
CUYAHOGA
Zoning & alternative use
R-1 · Richmond Heights, OHZoning R-1 · permitted uses
R-1 · Richmond Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Districts are intended to regulate the use of dwellings and their accessory activities in relation to districts having compatible characteristics, and to regulate the density of the population to avoid congestion, maintain adequate services, obtain proper light, air and privacy, and to promote the most beneficial use of land in accordance with the Master Plan of the City
Zone name
Single Family Residential 15000 Square Feet
General category
RESIDENTIAL
Zone area
1,697.12 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.38 ac
Current owner
From public records · entity-resolved
Gwendolyn Jones
Individual
Mailing address
456 RICHMOND PARK DR, RICHMOND HTS, OH 44143-1829
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2015
$33,000
Gwendolyn Jones
Lsf8 Master Trust
Grant Deed
—
Mar 10, 2015
—
Lsf8 Master Trust
Hsbc Mtg Svcs INC
Grant Deed
related
—
Aug 28, 2014
$33,334
Hsbc Mtg Svcs INC
Sheriff Of Cuyahoga County
Trustees Deed
related
—
Apr 15, 2005
$106,000
Theresa L Smith
Fisher,gerald L
Warranty Deed
$106,000 · J P Morgan Chase Bank
—
—
Gerald L Fisher
—
Deed Of Trust
related
$70,000 · Gmac Mortgage Corp
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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