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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Office buildings
5667 Schaaf Rd Independence, OH 44131-1305
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-5355759
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Construction
TYPE NOT SPECIFIED
Total area
4,320 SF
Lot
1.7 ac (74,052 SF)
Zoning code
U-6
APN
561-02-018
UPID
US66-5355759
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
$1.35M
CAP Approach
CAP
$965k
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.35M
Owner & transaction history
Carson Industries II Ltd · 1 yrs held
Carson Industries II Ltd
since 2024
Last sale
$1.4M
2 recorded transactions
Zoning & alternative use
U-6 · Independence, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote commercial or industrial uses
Zone name
Commercial Or Industrial District
General category
INDUSTRIAL
Zone area
515.12 ac
Source
Realmo
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
$1,350,000
ML approach
$1,350,000
CAP Approach
CAP Return
Estimation
6%
$1,045,000
6.5%
$965,000
7%
$895,000
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±10% · vs last sale $1.35M (Sep 4 2024)
Last sale anchor
$1.35M
Sep 4 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
$313 / 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
$18,145
Tax year 2023
Assessed value
$289,840
Assessed 2023
Previous assessed
$289,840
+0.0% YoY
Effective rate
6.26%
On assessed value
Assessed land
$45,820
Assessed improvement
$244,020
Land market value
$130,900
Improvement market value
$697,200
Total market value
$828,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1967
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
4,320 SF
Lot
1.7 ac (74,052 SF)
Zoning code
U-6
APN
561-02-018
UPID
US66-5355759
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-6 · Independence, OHZoning 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
Zoning description
The intent of this zone is to promote commercial or industrial uses
Zone name
Commercial Or Industrial District
General category
INDUSTRIAL
Zone area
515.12 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1967
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.7 ac
Current owner
From public records · entity-resolved
Carson Industries II Ltd
Individual
Mailing address
4893 E TRAVERTINE WAY, AKRON, OH 44333-4757
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
$1,350,000
Carson Industries II Ltd
Rpg Properties Ltd
Warranty Deed
$1,040,000 · First National Bank Of Pennsylvania
Dec 20, 2007
—
Rpg Properties Ltd
Graffy,philip J
Quit Claim Deed
related
$2,000,000 · Firstmerit Bank NA
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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