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Property profile & analytics
FOR LEASE
Community centers
5642 Vista Way Garfield Heights, OH 44125
Individually Owned
5-yr Hold
Free & Clear
Property ID
US66-2412002
For Lease
$2,060,000
5642 Vista Way, Garfield Heights, OH 44125
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2006
Total area
207,643 SF
Lot
38.51 ac (1,677,582 SF)
Zoning code
U-11A
APN
543-06-001
UPID
US66-2412002
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
$2.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.06M
Owner & transaction history
Highland Park Transportation L · 5 yrs held
Highland Park Transportation L
since 2021
Last sale
$2.0M
4 recorded transactions
Zoning & alternative use
U-11A · Garfield Heights, 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 Garfield Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garfield Heights 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
$1,835,000
ML approach
$2,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.06M
Range $1.85M – $2.27M · ±10% · vs last sale $2.00M (Jan 27 2021)
Last sale anchor
$2.00M
Jan 27 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
$10 / 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
$48,765
Tax year 2023
Assessed value
$423,510
Assessed 2023
Previous assessed
$2,723,430
-84.4% YoY
Effective rate
11.51%
On assessed value
Assessed land
$130,450
Assessed improvement
$293,060
Land market value
$372,700
Improvement market value
$837,300
Total market value
$1,210,000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2006
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
6
Stories
1
Total area
207,643 SF
Lot
38.51 ac (1,677,582 SF)
Zoning code
U-11A
APN
543-06-001
UPID
US66-2412002
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-11A · Garfield Heights, OH
Zoning U-11A · permitted uses
U-11A · 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.
Building & site characteristics
From public records
Year built
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Lot
38.51 ac
Current owner
From public records · entity-resolved
Highland Park Transportation L
Individual
Free & Clear · 5 yrs held
Mailing address
4020 KINROSS LKS PKWY STE #200, RICHFIELD, OH 44286-9249
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2023
—
Highland Park Transportation LLC
—
Deed
related
$23,000,000 · Cibc Bank USA
Jun 8, 2021
—
Highland Park Transportation LLC
—
Deed
related
$12,934 · Cibc Bank USA
Jan 27, 2021
$2,000,000
Highland Park Transportation L
City View Center LLC
Grant Deed
—
Nov 8, 2007
—
Garfield Land Dev LLC
—
Deed Of Trust
related
$8,820,000 · National City Bank
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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