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Property profile & analytics
FOR LEASE
Strip malls
5522 Turney Rd Cleveland, OH 44125
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0151795
For Lease
$1,245,000
5522 Turney Rd, Cleveland, OH 44125
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1962
Construction
TYPE NOT SPECIFIED
Total area
6,780 SF
Lot
0.9 ac (39,011 SF)
Zoning code
U-4
APN
542-32-001
UPID
US66-0151795
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
$1.22M
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.25M
Owner & transaction history
Turney Garfield Properties LLC · 4 yrs held
Turney Garfield Properties LLC
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
U-4 · Garfield Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+137.7%
Restaurant
$1.1M
+66.5%
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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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
$1,140,000
ML approach
$1,220,000
CAP Approach
CAP Return
Estimation
6%
$1,420,000
6.5%
$1,310,000
7%
$1,215,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,635,000
Change: +138% · Conversion: Moderate
RESTAURANT
$1,145,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $1.24M (Nov 15 2021)
Last sale anchor
$1.24M
Nov 15 2021
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
$184 / 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
$49,974
Tax year 2023
Assessed value
$434,010
Assessed 2023
Previous assessed
$385,710
+12.5% YoY
Effective rate
11.51%
On assessed value
Assessed land
$60,100
Assessed improvement
$373,910
Land market value
$171,700
Improvement market value
$1,068,300
Total market value
$1,240,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1962
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
2
Total area
6,780 SF
Lot
0.9 ac (39,011 SF)
Zoning code
U-4
APN
542-32-001
UPID
US66-0151795
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-4 · Garfield Heights, OH
Zoning U-4 · permitted uses
U-4 · Garfield Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Garfield Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.6M
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
RESTAURANT
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
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
0.9 ac
Current owner
From public records · entity-resolved
Turney Garfield Properties LLC
Entity
Mailing address
1029 KENMORE BLVD, AKRON, OH 44314-2154
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2021
$1,240,000
Turney Garfield Properties LLC
Provest Pdq Garfield Fd LLC
Limited Warranty Deed
$930,000 · S & T Bank
Oct 31, 2014
$1,160,000
Provest Pdq Garfield Fd LLC
Turney-fdbts LLC
Grant Deed
$900,000 · First Fed'l S&l/lakewood
Nov 28, 2012
$410,000
Turney-fdbts LLC
Citizens Service Corp
Grant Deed
$860,000 · Park View Fsb
Oct 28, 2011
—
Citizens Service Corp
Pebblecreek Associates Ltd
Deed In Lieu Of Foreclosure
related
—
Jan 31, 2008
—
Pebblecreek Associates Ltd
Dorsey,joseph J
Grant Deed
$800,000 · Dollar Bank Fsb
Feb 9, 2004
$921,500
Pebble Creek Associates Ltd
Dorsey,joseph J
Grant Deed
—
Feb 9, 2004
—
Joseph J Dorsey
Bdm Co
Grant Deed
related
—
—
—
B D M Co
—
Deed Of Trust
related
$700,000 · Firstmerit Bank NA
—
—
Joseph J Dorsey
—
Deed Of Trust
related
$785,000 · Dollar Bank Fsb
—
—
Bdm Co
—
Deed Of Trust
related
$450,000 · Security Federal S&l Cleveland
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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