Property profile

5001 E Royalton Rd Broadview Heights, OH 44147

FOR SALE
Turn key restaurants
Property ID
US66-1262626
3,544 SF 3.23 ac lot Built 1980
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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For Sale
Contact for pricing 3,544 SF
5001 E Royalton Rd, Broadview Heights, OH 44147
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1980
Total area 3,544 SF
Lot 3.23 ac (140,523 SF)
Zoning code E-1
APN 583-20-022
UPID US66-1262626

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Film Production Television Studio

Location

5001 E Royalton Rd Broadview Heights, OH 44147
Broadview Heights metro Census 136103 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2017
7 recorded transactions
2019
Price N/A
2018
Price N/A
2017
$2.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

E-1 · Broadview Heights, OH
Zoning description

To provide Office-Laboratory Districts in close proximity to the major traffic arteries so as to be accessible to widely dispersed administrative and technical personnel in the region

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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