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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Warehouses
5633 Brecksville Rd Independence, OH 44131-1510
Individually Owned
2-yr Hold
Free & Clear
Property ID
US66-1678950
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1955
Construction
TYPE NOT SPECIFIED
Total area
6,461 SF
Lot
3 ac (130,680 SF)
Zoning code
U-6
APN
561-09-012
UPID
US66-1678950
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
$695k
CAP Approach
CAP
$495k
Comparable Approach
Comparable
$472k
Blend (final)
Blend
$670k
Owner & transaction history
Construction Employers Association · 2 yrs held
Construction Employers Association
since 2024
Last sale
$825,000
7 recorded transactions
Zoning & alternative use
U-6 · Independence, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+229.4%
Medical building
$700,000
+112.2%
Neighborhood: shopping center
$655,000
+97.8%
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 Independence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Independence 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
$710,000
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
$535,000
6.5%
$495,000
7%
$460,000
Alternative Use
Use
Estimation
RESTAURANT
$1,090,000
Change: +229% · Conversion: Difficult
MEDICAL BUILDING
$700,000
Change: +112% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$655,000
Change: +98% · Conversion: Moderate
AUTO REPAIR, GARAGE
$575,000
Change: +74% · Conversion: Easy
COMMERCIAL (GENERAL)
$535,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$480,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $825k (Apr 2 2024)
Last sale anchor
$825k
Apr 2 2024
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
$104 / 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
$10,844
Tax year 2023
Assessed value
$173,220
Assessed 2023
Previous assessed
$173,220
+0.0% YoY
Effective rate
6.26%
On assessed value
Assessed land
$68,740
Assessed improvement
$104,480
Land market value
$196,400
Improvement market value
$298,500
Total market value
$494,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1955
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
6,461 SF
Lot
3 ac (130,680 SF)
Zoning code
U-6
APN
561-09-012
UPID
US66-1678950
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-6 · Independence, OH
Zoning U-6 · permitted uses
U-6 · Independence, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Independence. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$700,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$535,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$480,000
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1955
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
3 ac
Current owner
From public records · entity-resolved
Construction Employers Association
Individual
Free & Clear · 2 yrs held
Mailing address
5579 PEARL RD STE #200, PARMA, OH 44129-2555
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2024
$825,000
Construction Employers Association
Thomas G Scheiman
Fiduciary Deed
—
Dec 21, 2021
—
Thomas G Scheiman
Robert P Campanella & Associates In
Intrafamily Transfer
related
—
—
—
P Campanella Robert
—
Deed Of Trust
related
$230,000 · Star Bank
—
—
P Campanella Robert
—
Deed Of Trust
related
$175,000 · Second National Bank Warren
—
—
Campanella,robert P & Associates INC
—
Deed Of Trust
related
$75,000 · Second National Bank Warren
—
—
P Campanella Robert
—
Deed Of Trust
related
$450,000 · Second National Bank Warren
—
—
P Campanella Robert
—
Deed Of Trust
related
$32,000 · Second National Bank Warren
—
—
P Campanella Robert
—
Deed Of Trust
related
$623,000 · Second National Bank Warren
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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