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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Office buildings
4871 Neo Pkwy Garfield Heights, OH 44128-3101
Entity Owned
~
Est. High Equity
Property ID
US66-6214805
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
TYPE NOT SPECIFIED
Total area
2,880 SF
Lot
2.93 ac (127,630 SF)
Zoning code
U-11B
APN
546-27-006
UPID
US66-6214805
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
$545k
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$845k
Blend (final)
Blend
$790k
Owner & transaction history
Preferred Us LLC
Preferred Us LLC
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
U-11B · Garfield 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 Garfield Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garfield 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
$545,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$645,000
7%
$595,000
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $1.10M (Jun 16 2025)
Last sale anchor
$1.10M
Jun 16 2025
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
$274 / 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
$29,180
Tax year 2023
Assessed value
$241,710
Assessed 2023
Previous assessed
$241,710
+0.0% YoY
Effective rate
12.07%
On assessed value
Assessed land
$48,440
Assessed improvement
$193,270
Land market value
$138,400
Improvement market value
$552,200
Total market value
$690,600
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
1990
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Total area
2,880 SF
Lot
2.93 ac (127,630 SF)
Zoning code
U-11B
APN
546-27-006
UPID
US66-6214805
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-11B · Garfield Heights, OH
Zoning U-11B · permitted uses
U-11B · Garfield Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Garfield Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Lot
2.93 ac
Current owner
From public records · entity-resolved
Preferred Us LLC
Entity
Mailing address
4871 NEO PKWY, CLEVELAND, OH 44128-3101
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2025
$1,100,000
Preferred Us LLC
Trg Realty LLC
Warranty Deed
$880,000 · Civista Bank
Oct 13, 2020
—
Trg Realty LLC
—
Deed
related
$3,967,000 · Middlefield Bkng
Sep 12, 2011
—
Trg Realty LLC
—
Deed Of Trust
related
$1,200,000 · Pnc Bank
Jun 16, 2005
$645,000
Trg Realty LLC
Three Rivers Partners LLC
Warranty Deed
$516,000 · Sky Bank
Jun 16, 2005
—
Three Rivers Partners LLC
F & H Associates LLC
Warranty Deed
related
—
Sep 3, 2004
$440
F & H Associates LLC
Preferred INC Cleveland
Warranty Deed
related
—
Jan 7, 1999
—
Preferred INC
East 157th Realty Co
Quit Claim Deed
related
$475,000 · Firstmerit Bank NA
—
—
Trg Realty LLC
—
Loan Modification
related
$1,600,000 · Pnc Bank
—
—
Trg Realty LLC
—
Deed Of Trust
related
$510,000 · Pnc Bank
—
—
Trg Realty LLC
—
Deed Of Trust
related
$434,050 · Pnc Bank
—
—
Trg Realty LLC
—
Deed Of Trust
related
$30,000 · Pnc Bank
—
—
Preferred INC
—
Deed Of Trust
related
$750,000 · Firstmerit Bank NA
—
—
Trg Realty LLC
—
Deed Of Trust
related
$600,000 · National City Bank
—
—
Trg Realty LLC
—
Deed Of Trust
related
$50,000 · Pnc Bank
—
—
Trg Realty LLC
—
Deed Of Trust
related
$552,000 · National City Bank
—
—
Trg Realty LLC
—
Deed Of Trust
related
$76,500 · National City Bank
—
—
Trg Realty LLC
—
Deed Of Trust
related
$3,967,000 · Middlefield Bkng
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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