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Property profile & analytics
FOR LEASE
Office buildings
4605 Spring Rd Brooklyn Heights, OH 44131
Entity Owned
~
Est. High Equity
Property ID
US66-0666527
For Lease
1 / 2
$950,000
4605 Spring Rd, Brooklyn Heights, OH 44131
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Construction
TYPE NOT SPECIFIED
Total area
3,660 SF
Lot
1.37 ac (59,507 SF)
Zoning code
LI
APN
531-01-048
UPID
US66-0666527
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
$815k
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$950k
Owner & transaction history
Sixth City Glazing LLC
Sixth City Glazing LLC
since 2026
7 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%
$885,000
6.5%
$815,000
7%
$760,000
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$260 / 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
$35,982
Tax year 2023
Assessed value
$535,580
Assessed 2023
Previous assessed
$535,580
+0.0% YoY
Effective rate
6.72%
On assessed value
Assessed land
$34,200
Assessed improvement
$501,380
Land market value
$97,700
Improvement market value
$1,432,500
Total market value
$1,530,200
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 Lease
Year built
1967
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
1
Total area
3,660 SF
Lot
1.37 ac (59,507 SF)
Zoning code
LI
APN
531-01-048
UPID
US66-0666527
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
1967
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Lot
1.37 ac
Current owner
From public records · entity-resolved
Sixth City Glazing LLC
Entity
Mailing address
21380 LORAIN RD STE #201, FAIRVIEW PARK, OH 44126-2144
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2026
—
Sixth City Glazing LLC
Rase Properties LLC
Deed
—
Jan 27, 2026
$2,900,000
Rase Properties LLC
Rlc Industrial LLC
Deed
$1,450,000 · First Federal Savings & Loan Bank
Dec 22, 2021
$1,885,000
Rlc Industrial LLC
Richard L Petrovich LLC
Warranty Deed
$1,600,000 · Premier Bank
Jul 14, 2005
—
Richard L Petrovich LLC
Petrovich,richard L & Sandra D
Quit Claim Deed
related
—
Apr 21, 1999
—
Richard L Petrovich
United Industries
Quit Claim Deed
related
$866,100 · Bank One NA
—
—
Richard L Petrovich
—
Deed Of Trust
related
$523,217 · Bank One NA
—
—
Richard L Petrovich LLC
—
Deed Of Trust
related
$400,000 · Firstmerit Bank NA
—
—
Richard L Petrovich LLC
—
Deed Of Trust
related
$810,000 · Firstmerit Bank NA
—
—
Richard L Petrovich
—
Deed Of Trust
related
$267,200 · Bank One NA
—
—
Richard L Petrovich
—
Deed Of Trust
related
$1,225,000 · Bayview Fin'l Small Busn Fndg
—
—
Richard L Petrovich
—
Deed Of Trust
related
$228,217 · Bank One NA
—
—
Richard L Petrovich
—
Deed Of Trust
related
$300,000 · Bank One NA
—
—
Richard L Petrovich
—
Deed Of Trust
related
$1,600,000 · Bank One NA
—
—
Richard L Petrovich LLC
—
Deed Of Trust
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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