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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Auto shops
5118 Royalton Rd North Royalton, OH 44133-7301
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2528859
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
6,272 SF
Lot
1.21 ac (52,500 SF)
Zoning code
TCD
APN
488-19-013
UPID
US66-2528859
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
$1.07M
Blend (final)
Blend
$1.04M
Owner & transaction history
Tire Realty Holdings LLC · 1 yrs held
Tire Realty Holdings LLC
since 2025
6 recorded transactions
Zoning & alternative use
TCD · North Royalton, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+89.6%
Office building
$1.0M
+81.8%
Medical building
$680,000
+22.1%
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 North Royalton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Royalton 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,060,000
Change: +90% · Conversion: Difficult
OFFICE BUILDING
$1,015,000
Change: +82% · Conversion: Difficult
MEDICAL BUILDING
$680,000
Change: +22% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±10%
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
$166 / 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
$25,135
Tax year 2023
Assessed value
$345,380
Assessed 2023
Previous assessed
$345,380
+0.0% YoY
Effective rate
7.28%
On assessed value
Assessed land
$161,700
Assessed improvement
$183,680
Land market value
$462,000
Improvement market value
$524,800
Total market value
$986,800
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Rooms
5
Bathrooms
1
Total area
6,272 SF
Lot
1.21 ac (52,500 SF)
Zoning code
TCD
APN
488-19-013
UPID
US66-2528859
Jurisdiction
CUYAHOGA
Zoning & alternative use
TCD · North Royalton, OH
Zoning TCD · permitted uses
TCD · North Royalton, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Royalton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$680,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1987
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Rooms
5
Bathrooms
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Tire Realty Holdings LLC
Entity
Mailing address
1455 LORAINE AVE, CLEVELAND, OH 44111
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2025
—
Tire Realty Holdings LLC
Conrads Tire Realty Company INC
Deed
—
Feb 28, 2022
—
Conrads Tire Realty Company INC
—
Deed
related
$71,000,000 · The Huntington National Bank
Jan 31, 2012
—
Conrads Tire Realty Co INC
—
Deed Of Trust
related
$1,792,500 · Key Bank NA
Feb 26, 2004
—
Conrads Tire Realty Co
—
Deed Of Trust
related
$1,792,500 · Key Bank NA
May 9, 2000
—
Conrads Tire Service INC
Conrad,edward J & Joan A
Quit Claim Deed
related
—
—
—
Conrads Tire Realty Co INC
—
Deed Of Trust
related
$880,000 · Key Bank NA
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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