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Property profile & analytics
OFF-MARKET
Estimated value
$2,435,000
Office buildings
4566 Spg Rd Brooklyn Heights, OH 44131-1032
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-6022327
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Construction
TYPE NOT SPECIFIED
Total area
6,515 SF
Lot
3.05 ac (133,033 SF)
Zoning code
LI
APN
531-01-035
UPID
US66-6022327
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
$2.32M
Blend (final)
Blend
$2.44M
Owner & transaction history
4566 Spring Road LLC · 5 yrs held
4566 Spring Road LLC
since 2021
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
LI · Brooklyn 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 Brooklyn Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn 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
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
Blend value · Realmo final
$2.44M
Range $2.19M – $2.68M · ±10% · vs last sale $2.51M (Jul 2 2021)
Last sale anchor
$2.51M
Jul 2 2021
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
$374 / 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
$41,525
Tax year 2023
Assessed value
$670,850
Assessed 2023
Previous assessed
$670,850
+0.0% YoY
Effective rate
6.19%
On assessed value
Assessed land
$76,440
Assessed improvement
$594,410
Land market value
$218,400
Improvement market value
$1,698,300
Total market value
$1,916,700
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
1968
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
1
Total area
6,515 SF
Lot
3.05 ac (133,033 SF)
Zoning code
LI
APN
531-01-035
UPID
US66-6022327
Jurisdiction
CUYAHOGA
Zoning & alternative use
LI · Brooklyn Heights, OH
Zoning LI · permitted uses
LI · Brooklyn Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brooklyn Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
3.05 ac
Current owner
From public records · entity-resolved
4566 Spring Road LLC
Entity
Mailing address
5275 NAIMAN PKWY STE C, SOLON, OH 44139-1033
Ownership since
2021
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
May 13, 2022
—
4566 Spring Road LLC
—
Deed
related
$1,018,000 · Cascade Capital Corporation
Jul 2, 2021
$2,508,000
4566 Spring Road LLC
Reece Properties INC
Warranty Deed
$1,254,000 · The Farmers National Bank Of Canfield
Jul 2, 2021
—
4566 Spring Road LLC
—
Deed
related
$1,254,000 · The Farmers National Bank Of Canfield
Jun 14, 2006
$1,765,000
Reece Properties INC
Oc Realty LLC
Grant Deed
$1,660,000 · Comerica Bank
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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