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Property profile & analytics
OFF-MARKET
Estimated value
$4,755,000
Office buildings
5400 Lancaster Dr Brooklyn Heights, OH 44131-1832
Individually Owned
9-yr Hold
Free & Clear
Property ID
US66-2401564
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
23,872 SF
Lot
7.64 ac (332,681 SF)
Zoning code
LI
APN
531-26-003
UPID
US66-2401564
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
$5.33M
Comparable Approach
Comparable
$4.47M
Blend (final)
Blend
$4.76M
Owner & transaction history
Healthspan Integrated Care · 9 yrs held
Healthspan Integrated Care
since 2016
2 recorded transactions
Zoning & alternative use
LI · Brooklyn Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Brooklyn Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn 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%
$5,775,000
6.5%
$5,330,000
7%
$4,950,000
Blend value · Realmo final
$4.76M
Range $4.28M – $5.23M · ±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
$199 / 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
$1,193
Tax year 2023
Assessed value
$1,793,370
Assessed 2023
Previous assessed
$1,793,370
+0.0% YoY
Effective rate
0.07%
On assessed value
Assessed land
$268,240
Assessed improvement
$1,525,130
Land market value
$766,400
Improvement market value
$4,357,500
Total market value
$5,123,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
2
Bathrooms
3
Total area
23,872 SF
Lot
7.64 ac (332,681 SF)
Zoning code
LI
APN
531-26-003
UPID
US66-2401564
Jurisdiction
CUYAHOGA
Zoning & alternative use
LI · Brooklyn Heights, OH
Zoning LI · permitted uses
LI · Brooklyn Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brooklyn Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
6
Bathrooms
3
Lot
7.64 ac
Current owner
From public records · entity-resolved
Healthspan Integrated Care
Individual
Free & Clear · 9 yrs held
Mailing address
2500 METROHEALTH DR, CLEVELAND, OH 44109-1900
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2016
$875
Healthspan Integrated Care
Healthspan Integrated Care
Quit Claim Deed
related
—
Oct 17, 2016
$7,245,000
Hs Acquisition LLC
Healthspan Integrated Care
Grant Deed
—
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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