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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
5585 Royalton Rd North Royalton, OH 44133
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-0544809
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1994
Construction
TYPE NOT SPECIFIED
Total area
1,798 SF
Lot
0.72 ac (31,218 SF)
Zoning code
TCD
APN
487-10-008
UPID
US66-0544809
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Realty Income Properties 24 LLC · 1 yrs held
Realty Income Properties 24 LLC
since 2024
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
TCD · North Royalton, 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 North Royalton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Royalton 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$19,055
Tax year 2023
Assessed value
$261,840
Assessed 2023
Previous assessed
$261,840
+0.0% YoY
Effective rate
7.28%
On assessed value
Assessed land
$180,080
Assessed improvement
$81,760
Land market value
$514,500
Improvement market value
$233,600
Total market value
$748,100
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1994
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Bathrooms
1
Total area
1,798 SF
Lot
0.72 ac (31,218 SF)
Zoning code
TCD
APN
487-10-008
UPID
US66-0544809
Jurisdiction
CUYAHOGA
Zoning & alternative use
TCD · North Royalton, OH
Zoning TCD · permitted uses
TCD · North Royalton, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Royalton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Realty Income Properties 24 LLC
Entity
Mailing address
550 SKOKIE BLVD, NORTHBROOK, IL 60062-2803
Ownership since
2024
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
Nov 2, 2024
—
Realty Income Properties 24 LLC
Lg 14043 State North Royalton LLC
Deed
—
Oct 29, 2024
$2,446,674
Relaty Income Properties 24 LLC
Lg 14043 State North Royalton LLC
Deed
—
Sep 14, 2017
—
Lg 14043 St North Royalton LLC
—
Deed
related
$2,643,000 · Wells Fargo Bk
Apr 22, 2011
$1,841,000
Kg 14043 State North Royalton
14043 State North Royalton LLC
Grant Deed
related
—
Nov 16, 2009
$1,034,429
14043 State North Royalton LLC
Bp Products N America INC
Deed Of Trust
related
$50,668,392 · Key Bank NA
—
—
Lg 14043 State North Royalton
—
Deed Of Trust
related
$2,540,000 · Wells Fargo Bank
—
—
Lg 14043 St North Royalton LLC
—
Loan Modification
related
$2,643,000 · Wells Fargo 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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