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    5105 Warrensville Ctr Rd Maple Heights, OH 44137-1904
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    5105 Warrensville Ctr Rd Maple Heights, OH 44137-1904

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    • Grocery and convenience stores
    • 6,054 SF
    • 0.49 lot acres
    Off-Market
    Property ID
    US66-0533920
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 5105 Warrensville Ctr Rd

    Year built
    1957
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.49 lot acres
    Property size
    6,054 SF
    Zone code
    NC
    Property type
    Grocery and convenience stores
    APN
    782-12-015
    APU
    78212015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Maple Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5369
    Latitude
    41.4216
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,287
    $41,020
    $79,910
    $120,930
    -
    $117,200
    $228,300
    $345,500

    Comparable in this City

    • Value Estimation by Request
      1,980 SF

      5460 Northfield Rd

      CONVENIENCE STORE • 1,980 SF
      5460 Northfield Rd, Maple Heights, OH 44137-3148
      View Details
    • Value Estimation by Request
      1,980 SF

      5601 Warrensville Ctr Rd

      CONVENIENCE STORE • 1,980 SF
      5601 Warrensville Ctr Rd, Maple Heights, OH 44137-3127
      View Details
    • Value Estimation by Request
      3,630 SF

      5258 Warrensville Ctr Rd

      CONVENIENCE STORE • 3,630 SF
      5258 Warrensville Ctr Rd, Maple Heights, OH 44137
      View Details
    • Value Estimation by Request
      2,400 SF

      16306 Libby Rd

      CONVENIENCE STORE • 2,400 SF
      16306 Libby Rd, Maple Heights, OH 44137-1224
      View Details
    • Value Estimation by Request
      0.14 Acres

      14412 Granger Rd

      GROCERY, SUPERMARKET • 0.14 Acres
      14412 Granger Rd, Maple Heights, OH 44137-1014
      View Details
    • Value Estimation by Request
      2,168 SF

      16400 Rockside Rd

      CONVENIENCE STORE • 2,168 SF
      16400 Rockside Rd, Maple Heights, OH 44137-3966
      View Details

    Similar Nearby for Sale

    • $485,000
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      Retail Property in Maple Heights

      Retail property available for sale in Maple Heights, Ohio.
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      3,150 SF

      Redevelopment Opportunity in Maple Heights

      3,150 SF building for redevelopment near major interstates.
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    • $649,000
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      Redevelopment Site on Broadway Avenue

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    • New
      $249,999
      2,793 SF

      Maple Heights Multifamily Property

      Two homes on one property with multiple units.
      14510 Granger Rd, Maple Heights, OH 44137
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      0.21 Acres

      Land Opportunity in Maple Heights

      Vacant land parcel ready for development in a growing community.
      15701 Walvern Blvd, Maple Heights, OH 44137
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    • $165,000
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      Maple Heights Industrial Property

      Vacant Flex Space, Value-Add Opportunity
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    Similar Nearby for Lease

    • $1,500 /Mo
      21,562 SF

      High Visibility Commercial Opportunity

      Four vacant units ready for customization in a high-traffic location.
      16133 Broadway Ave, Maple Heights, OH 44137
      View Details
    • $3,600 /Mo
      31,276 SF

      High-Visibility Retail Space Available

      Prime retail space on high-traffic corridor, suitable for various businesses.
      5250 Northfield Rd, Maple Heights, OH 44137
      View Details
    • $500 /Mo
      21,562 SF

      High Visibility Commercial Opportunity

      Four vacant units ready for activation in a high-traffic location.
      16133 Broadway Ave, Maple Heights, OH 44137
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space in Maple Heights

      Retail property available for lease in Maple Heights, Ohio.
      5880-5886 Lee Rd, Maple Heights, OH 44137
      View Details
    • $1,500 /Mo
      5,118 SF

      Maple Heights Commercial Property Rental

      Flexible commercial space suitable for office, retail, or medical use.
      5237 Warrensville Center Rd, Maple Heights, OH 44137
      View Details
    • $3,200 /Mo

      5832/5834 Lee Road South, Maple Heights, OH 44137

      Well-maintained, move-in-ready former daycare space, ready for immediate occupancy
      5832/5834 Lee Rd South, Maple Heights, OH 44137
      View Details
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    Maple Heights, OH 44137-1904
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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