Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5415 Schaaf Rd Independence, OH 44131-1341

    • Office buildings
    • 3,000 SF
    • 2.34 lot acres
    OFF-MARKET
    Value Estimation
    $635,000
    Location Intelligence
    Property ID
    US66-2544494
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 5415 Schaaf Rd

    Year built
    1959
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.34 lot acres
    Property size
    3,000 SF
    Zone code
    U-6
    Property type
    Office buildings
    APN
    561-01-004
    APU
    56101004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $590,000

    • CAP approach

      CAP return
      Estimation
      6%
      $845,000
      6.5%
      $820,000
      7%
      $755,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $885,000
      Geo Method
      $855,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $815,000
      Retail
      $870,000
      Mixed-Use
      $950,000
      Hospitality
      $905,000
      Educational
      $795,000
      Residential Income
      $775,000
      Energy
      $875,000
      Income-Based Land
      $860,000
      Food Service
      $755,000

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6528
    Latitude
    41.4135
    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
    $20,774
    $63,110
    $268,730
    $331,840
    -
    $180,300
    $767,800
    $948,100

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      712 Nn St

      OFFICE BUILDING • 0.19 Acres
      712 Nn St, Brooklyn Heights, OH 44131-1145
      View Details
    • Value Estimation by Request
      150,661 SF

      6000 Lombardo Ctr

      OFFICE BUILDING • 150,661 SF
      6000 Lombardo Ctr, Seven Hills, OH 44131-2579
      View Details
    • Value Estimation by Request
      302,734 SF

      5005 Rockside Rd

      OFFICE BUILDING • 302,734 SF
      5005 Rockside Rd, Independence, OH 44131-2194
      View Details
    • Value Estimation
      $1,390,000
      4,320 SF

      5667 Schaaf Rd

      OFFICE BUILDING • 4,320 SF
      5667 Schaaf Rd, Independence, OH 44131-1305
      View Details
    • Value Estimation by Request
      9,694 SF

      7300 Pleasant Vly Rd

      OFFICE BUILDING • 9,694 SF
      7300 Pleasant Vly Rd, Independence, OH 44131-5540
      View Details
    • Value Estimation
      $840,000
      1,550 SF

      4906 Van Epps Rd

      OFFICE BUILDING • 1,550 SF
      4906 Van Epps Rd, Brooklyn Heights, OH 44131-1018
      View Details

    Similar Nearby for Sale

    • $2,500,000
      38,188 SF

      Renovated Office Building Near I-77

      Office building with recent renovations, parking, and highway access.
      5000 Rockside Rd, Independence, OH 44131
      View Details
    • $179,000
      0.36 Acres

      Residential Lot in Independence, OH

      Ready-to-build residential lot in desirable Independence, Ohio.
      Daisy Blvd, Independence, OH 44131
      View Details
    • $260,000
      3.31 Acres

      Vacant Land in Independence, Ohio

      3.31 acre vacant lot to build your dream home.
      Brecksville Rd, Independence, OH 44131
      View Details
    • $550,000
      4.78 Acres

      Independence Commercial Land For Sale

      4.77 acres of commercial land zoned for office/research.
      Acorn Dr, Independence, OH 44131
      View Details
    • $3,000,000

      Development Opportunity Near I-77

      3.2 acres of land suitable for retail or office development.
      Rockside Woods Blvd N, Independence, OH 44131
      View Details
    • $800,000
      4.88 Acres

      Prime Independence Commercial Land

      4.88 Acres, U5 Zoning, $800,000
      0 Acorn Dr, Independence, OH 44131
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,088 SF

      New Class A Office Building

      Newly constructed Class A office building with modern amenities.
      5959 Rockside Woods Blvd N, Independence, OH 44131
      View Details
    • $18 SF/Yr
      4,653 SF

      Four-Story Office Building Available

      Two four-story office buildings with fitness center and ample parking.
      6155 Rockside Rd, Independence, OH 44131
      View Details
    • $14 SF/Yr
      2,775 SF

      Independence Office Building For Lease

      Nine-story office building with updated common areas and ample parking.
      5755 Granger Rd, Independence, OH 44131
      View Details
    • Contact for pricing
      134,000 SF

      Premier Suburban Office Building

      Class A office building in Independence, Ohio.
      6055 Rockside Woods Blvd, Independence, OH 44131
      View Details
    • Contact for pricing
      420 SF

      Class A Office Space Available

      Available Class A office space with amenities on Rockside Corridor.
      6050-6150 Oak Tree Blvd | Independence, Independence, OH 44131
      View Details
    • Contact for pricing
      4,293 SF

      Flex Space with Office Component

      Sublease space featuring drive-in bay, loading dock, and office.
      210 Hayes Dr, Brooklyn Heights, OH 44131
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5415 Schaaf Rd
    Independence, OH 44131-1341
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.