Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,410,000
Strip malls
4904 Turney Rd 34 Garfield Heights, OH 44125-2501
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-1130857
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1962
Construction
TYPE NOT SPECIFIED
Total area
34,791 SF
Lot
4.79 ac (208,440 SF)
Zoning code
U-4
APN
541-19-002
UPID
US66-1130857
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
$6.25M
CAP Approach
CAP
$6.72M
Comparable Approach
Comparable
$4.22M
Blend (final)
Blend
$6.41M
Owner & transaction history
Turney Town Plaza Tic Owner LLC · 2 yrs held
Turney Town Plaza Tic Owner LLC
since 2023
Last sale
$6.5M
4 recorded transactions
Zoning & alternative use
U-4 · Garfield Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.4M
+137.7%
Restaurant
$5.9M
+66.5%
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
$6,070,000
ML approach
$6,250,000
CAP Approach
CAP Return
Estimation
6%
$7,280,000
6.5%
$6,720,000
7%
$6,240,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,380,000
Change: +138% · Conversion: Moderate
RESTAURANT
$5,870,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$6.41M
Range $5.77M – $7.05M · ±10% · vs last sale $6.50M (Oct 5 2023)
Last sale anchor
$6.50M
Oct 5 2023
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
$184 / 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
$129,920
Tax year 2023
Assessed value
$1,118,920
Assessed 2023
Previous assessed
$1,118,920
+0.0% YoY
Effective rate
11.61%
On assessed value
Assessed land
$218,860
Assessed improvement
$900,060
Land market value
$625,300
Improvement market value
$2,571,600
Total market value
$3,196,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1962
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
34,791 SF
Lot
4.79 ac (208,440 SF)
Zoning code
U-4
APN
541-19-002
UPID
US66-1130857
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-4 · Garfield Heights, OH
Zoning U-4 · permitted uses
U-4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$8.4M
RESTAURANT
Est. value
$5.9M
OFFICE BUILDING
RESTAURANT
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
1962
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
4.79 ac
Current owner
From public records · entity-resolved
Turney Town Plaza Tic Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
550 FASHION AVE FL #15, NEW YORK, NY 10018-3250
Ownership since
2023
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
Mar 14, 2024
—
Turney Town Plaza Tic Owner LLC
—
Deed
related
$4,875,000 · The Commercial & Savings Bank
Oct 5, 2023
$6,500,000
Turney Town Plaza Tic Owner LLC
K&f Property Turneytown LLC
Limited Warranty Deed
—
Apr 16, 2008
$9,500,000
K & F Property Turneytown LLC
Turneytown Ltd
Grant Deed
related
$7,125,000 · Citizens Federal Bank Fsb
Sep 18, 2000
—
Turneytown Ltd
Turneytown Shopping Center
Quit Claim Deed
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4904 Turney Rd, Unit 34?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
