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Property profile & analytics
OFF-MARKET
Commercial land
4849 Acorn Dr Independence, OH 44131-2557
Entity Owned
~
Est. High Equity
Property ID
US66-4371413
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
3.05 ac (132,743 SF)
Zoning code
U-5
APN
562-32-020
UPID
US66-4371413
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
Great Lakes Property Development Ll
Great Lakes Property Development Ll
since 2025
Last sale
$15,028
7 recorded transactions
Zoning & alternative use
U-5 · Independence, 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 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
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
$8,874
Tax year 2023
Assessed value
$141,750
Assessed 2023
Previous assessed
$141,750
+0.0% YoY
Effective rate
6.26%
On assessed value
Assessed land
$141,750
Land market value
$405,000
Total market value
$405,000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
3.05 ac (132,743 SF)
Zoning code
U-5
APN
562-32-020
UPID
US66-4371413
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-5 · Independence, OH
Zoning 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
Independence. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
3.05 ac
Current owner
From public records · entity-resolved
Great Lakes Property Development Ll
Entity
Mailing address
4205 E LK RD, SHEFFIELD LAKE, OH 44054-1102
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2025
—
Great Lakes Property Development Ll
Great Lakes Property Dev Holdings L
Warranty Deed
$3,388,248 · Waterford Bank NA
Apr 17, 2024
$15,028
Great Lakes Property Dev Holdings L
Steven R Bailey
Deed
—
Apr 17, 2024
$21,086
Great Lakes Property Dev Holdings L
Nancy Unsworth
Limited Warranty Deed
—
Apr 15, 2019
$382,012
Thomas B Tarbet
Rockwell Cleveland LLC
Grant Deed
—
Apr 15, 2019
$186,252
Ryan V Andreasen
Rockwell Cleveland LLC
Grant Deed
—
Apr 15, 2019
$403,339
Bp412 LLC
Rockwell Cleveland LLC
Grant Deed
—
Apr 15, 2019
$1,162,183
Bromberg Trust
Rockwell Cleveland LLC
Grant Deed
—
Apr 15, 2019
$296,450
Tierney Living Trust
Rockwell Cleveland LLC
Grant Deed
—
Apr 15, 2019
$616,974
Amfil Realty LLC
Rockwell Cleveland LLC
Grant Deed
—
Mar 7, 2019
$152,000
Jean M Bonetti
Rockwell Cleveland LLC
Grant Deed
—
Mar 7, 2019
$221,875
Real Mint LLC
Rockwell Cleveland LLC
Grant Deed
—
Mar 7, 2019
$179,720
Norman L Merritt JR
Rockwell Cleveland LLC
Grant Deed
—
Mar 7, 2019
$879,000
Gary R Neil
Rockwell Cleveland LLC
Grant Deed
—
Mar 7, 2019
$150,000
Timothy D Maxon
Rockwell Cleveland LLC
Grant Deed
—
Mar 7, 2019
$320,000
Zambito,joseph & Grace F Trust
Rockwell Cleveland LLC
Grant Deed
—
Mar 7, 2019
$210,000
Gertraude Winkler
Rockwell Cleveland LLC
Grant Deed
—
Mar 7, 2019
$500,000
Mckoy W Mark 2012 Trust Of
Rockwell Cleveland LLC
Grant Deed
—
Sep 28, 2018
$405,000
Rockwell Cleveland LLC
Builders Exchange INC
Warranty Deed
—
Sep 1, 2011
$350,000
Builders Exchange INC
L & M Properties Co
Warranty Deed
—
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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