Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5501 Dunham Rd Maple Heights, OH 44137-3645

    • Auto shops
    • 10,884 SF
    • 2.32 lot acres
    OFF-MARKET
    Value Estimations
    $1,115,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1706687
    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

    • Auto shops

    Property Details for 5501 Dunham Rd

    Year built
    1957
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.32 lot acres
    Property size
    10,884 SF
    Zone code
    O/I
    Property type
    Auto shops
    APN
    784-20-002
    APU
    78420002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,022,000
      Market price range: $468k - $1.85M
      AI Estimate
      $1,209,000
      Market price range: $423k - $1.71M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $970,000
      Current use
      RESTAURANT
      $1,835,000
      Change: +90% Conversion: Difficult
      OFFICE BUILDING
      $1,760,000
      Change: +82% Conversion: Difficult
      MEDICAL BUILDING
      $1,185,000
      Change: +22% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,105,000
      Change: +14% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $900,000
      Change: -7% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $805,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Maple Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5739
    Latitude
    41.4099
    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
    $0.00
    $48,720
    $200,730
    $249,450
    -
    $139,200
    $573,500
    $712,700

    Comparable in this City

    • Value Estimation by Request
      0.42 Acres

      Broadway Ave

      AUTO REPAIR, GARAGE • 0.42 Acres
      Broadway Ave, Maple Heights, OH 44137
      View Details
    • Value Estimation by Request
      0.17 Acres

      Broadway Ave

      AUTO REPAIR, GARAGE • 0.17 Acres
      Broadway Ave, Maple Heights, OH 44137
      View Details
    • Value Estimation
      $745,000
      18,167 SF

      5231 Greenhurst Ext

      AUTO REPAIR, GARAGE • 18,167 SF
      5231 Greenhurst Ext, Maple Heights, OH 44137-1127
      View Details
    • Value Estimation by Request
      1,472 SF

      15425 Broadway Ave

      AUTO REPAIR, GARAGE • 1,472 SF
      15425 Broadway Ave, Maple Heights, OH 44137-1117
      View Details
    • Value Estimation by Request
      0.48 Acres

      5231 Greenhurst Ext

      AUTO REPAIR, GARAGE • 0.48 Acres
      5231 Greenhurst Ext, Maple Heights, OH 44137-1127
      View Details
    • Value Estimation by Request
      1,492 SF

      6120 Dunham Rd

      AUTO REPAIR, GARAGE • 1,492 SF
      6120 Dunham Rd, Maple Heights, OH 44137-4465
      View Details

    Similar Nearby for Sale

    • $1,200,000
      Pending

      Maple Heights Commercial Opportunity

      Versatile commercial property with expansion potential in Maple Heights.
      17399 Broadway Ave, Maple Heights, OH 44137
      View Details
    • $130,000
      3,151 SF

      Versatile Retail and Industrial Property

      Adaptable commercial space with retail and industrial capabilities.
      16321 Rockside Rd, Cleveland, OH 44137
      View Details
    • $485,000
      3,000 SF

      Retail Property in Maple Heights

      Retail property available for sale in Maple Heights, Ohio.
      5220 Warrensville Center Rd, Maple Heights, OH 44137
      View Details
    • $1,250,000
      2.71 Acres

      Maple Heights Commercial Building Opportunity

      40,000 SF building on 2.7 acres near I-480.
      16231 Broadway Ave, Maple Heights, OH 44137
      View Details
    • $55,900
      0.25 Acres

      Maple Heights Commercial Development Opportunity

      Prime commercial land for development in Maple Heights, Ohio.
      5147 Warrensville Center Rd, Maple Heights, OH 44137
      View Details
    • $39,900
      0.39 Acres

      Residential Land in Valley Ranch

      Build-ready lot in Maple Heights' premier development.
      SL15 Rocky Top Ct, Maple Heights, OH 44137
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • Contact for pricing
      6,175 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
    • $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
    • $11 SF/Yr
      96,232 SF

      Southgate Park Office Building

      Prime Medical/Office Space in Maple Heights
      21100 Southgate Park Blvd, Maple Heights, OH 44137
      View Details
    • Contact for pricing
      5,800 SF

      Industrial Space with Office

      5,800 SF flex space with I-480 and I-77 access.
      14600 Industrial Ave South, Maple Heights, OH 44137
      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.
    5501 Dunham Rd
    Maple Heights, OH 44137-3645
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!