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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Warehouses
5310 Warrensville Ctr Rd Maple Heights, OH 44137-1915
Trust Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-1765409
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1962
Construction
TYPE NOT SPECIFIED
Total area
12,960 SF
Lot
1.63 ac (70,793 SF)
Zoning code
NC
APN
783-12-004
UPID
US66-1765409
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
$555k
Blend (final)
Blend
$640k
Owner & transaction history
Colonna,vito Trust · 10 yrs held
Colonna,vito Trust
since 2016
7 recorded transactions
Zoning & alternative use
NC · Maple Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the purpose of the NC Neighborhood Commercial District to permit and encourage the retention and establishment of small convenience goods and personal services located in close proximity to the residential areas which it is intended to serve. The location of the NC District and the nature of the limited commercial activity should be developed to avoid…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
125.81 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$960,000
+44.5%
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 Maple Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maple 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$665,000
Current use
APARTMENT HOUSE (5+ UNITS)
$960,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$49 / 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
$19,420
Tax year 2023
Assessed value
$176,440
Assessed 2023
Previous assessed
$176,440
+0.0% YoY
Effective rate
11.01%
On assessed value
Assessed land
$123,900
Assessed improvement
$52,540
Land market value
$354,000
Improvement market value
$150,100
Total market value
$504,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1962
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
AC.PACKAGE
Buildings
4
Stories
2
Total area
12,960 SF
Lot
1.63 ac (70,793 SF)
Zoning code
NC
APN
783-12-004
UPID
US66-1765409
Jurisdiction
CUYAHOGA
Zoning & alternative use
NC · Maple Heights, OHZoning NC · permitted uses
NC · Maple Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the purpose of the NC Neighborhood Commercial District to permit and encourage the retention and establishment of small convenience goods and personal services located in close proximity to the residential areas which it is intended to serve. The location of the NC District and the nature of the limited commercial activity should be developed to avoid undue traffic congestion for the surrounding residential neighborhood areas.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
125.81 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$665,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$960,000
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
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
NONE
Cooling
Yes
Stories
2
Buildings
4
Lot
1.63 ac
Current owner
From public records · entity-resolved
Colonna,vito Trust
Trust
Mailing address
1295 AKINS RD, BROADVIEW HEIGHTS, OH 44147-2311
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2023
—
Vito Colonna
—
Deed
related
$850,000 · Premier Bank
Apr 19, 2018
—
Colonna,vito Trust
—
Deed
related
$489,344 · Huntington Nat'l Bk
Jul 5, 2016
—
Colonna,vito Trust
Colonna,vito
Quit Claim Deed
related
—
Feb 22, 2013
—
Vito Colonna
Colonna,debra
Quit Claim Deed
related
$585,000 · Firstmerit Bank NA
Dec 17, 2009
—
Vito Colonna
Colonna,vito & Debra
Quit Claim Deed
related
—
—
—
Vito D Colonna
—
Deed Of Trust
related
$250,000 · First Merchants Bank NA
—
—
Colonna,vito Trust
—
Deed Of Trust
related
$489,344 · Huntington Nat'l Bk
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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