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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Medical Office Space
4801 Acorn Dr Independence, OH 44131-2566
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-3889519
Property summary
AI-generated overview
This exceptional single-tenant medical office building, located at 4801 Acorn Dr in Independence, Ohio, presents a unique leasing opportunity. The property boasts a spacious 3,252 square feet of vacant space, perfectly suited for a variety of medical practices, particularly dentistry. Situated on a generous 1.54-acre lot, the building offers ample parking with 53 spaces available for patients and staff. The single-story, Class B building is zoned U-5, providing flexibility for potential uses within the medical field. The property's convenient location in Cuyahoga County, with a zip code of 44131, ensures easy access for patients and employees. The property features a single tenant occupancy, eliminating the complexities of multi-tenant management. The APN is 56229057. This is an excellent opportunity to establish or expand a medical practice in a desirable location with ample space and parking. The building's single-story design offers convenient accessibility. The property's size and zoning make it an ideal location for a variety of medical uses. Serious inquiries are encouraged to explore this exceptional opportunity.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
WOOD
Total area
9,976 SF
Lot
1.5 ac (65,470 SF)
Zoning code
U-5
APN
562-29-057
UPID
US66-3889519
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
$1.53M
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.32M
Owner & transaction history
Saga Realty LLC · 18 yrs held
Saga Realty LLC
since 2007
2 recorded transactions
Zoning & alternative use
U-5 · Independence, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote office building and research laboratory uses
Zone name
Office Building And Research Laboratory District
General category
UNKNOWN
Zone area
446.80 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.7M
+55.2%
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 Independence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Independence 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%
$1,650,000
6.5%
$1,525,000
7%
$1,415,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,085,000
Current use
RESTAURANT
$1,685,000
Change: +55% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,010,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$890,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±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
$132 / 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
$30,127
Tax year 2023
Assessed value
$481,250
Assessed 2023
Previous assessed
$481,250
+0.0% YoY
Effective rate
6.26%
On assessed value
Assessed land
$137,480
Assessed improvement
$343,770
Land market value
$392,800
Improvement market value
$982,200
Total market value
$1,375,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
9,976 SF
Lot
1.5 ac (65,470 SF)
Zoning code
U-5
APN
562-29-057
UPID
US66-3889519
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-5 · Independence, OHZoning U-5 · permitted uses
U-5 · Independence, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to promote office building and research laboratory uses
Zone name
Office Building And Research Laboratory District
General category
UNKNOWN
Zone area
446.80 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$890,000
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2007
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Saga Realty LLC
Entity
Free & Clear · 18 yrs held
Mailing address
12800 SHAKER BLVD, CLEVELAND, OH 44120-2000
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2007
$475,000
Saga Realty LLC
L & M Properties
Warranty Deed
—
—
—
L & M Properties Co
—
Deed Of Trust
related
$157,092 · John A Marksz Trustee
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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