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Property profile & analytics
OFF-MARKET
Estimated value
$15,455,000
Hotels
5800 Rockside Woods N Blvd Independence, OH 44131-2346
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US66-2561406
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Total area
206,120 SF
Lot
6.29 ac (274,049 SF)
Zoning code
U-6A
APN
561-21-003
UPID
US66-2561406
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
$15.91M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.46M
Owner & transaction history
Cleveland Rockside LLC
Cleveland Rockside LLC
since 2026
7 recorded transactions
Zoning & alternative use
U-6A · Independence, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,230,000
6.5%
$15,905,000
7%
$14,770,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$22,570,000
Current use
MEDICAL BUILDING
$22,395,000
Change: -1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$20,880,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,340,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$15.46M
Range $13.91M – $17.00M · ±10%
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
$75 / 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
$536,814
Tax year 2023
Assessed value
$10,205,440
Assessed 2023
Previous assessed
$10,205,440
+0.0% YoY
Effective rate
5.26%
On assessed value
Assessed land
$570,710
Assessed improvement
$9,634,730
Land market value
$1,630,600
Improvement market value
$27,527,800
Total market value
$29,158,400
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Cooling
WALL UNIT
Buildings
3
Stories
8
Units
271
Bathrooms
271
Total area
206,120 SF
Lot
6.29 ac (274,049 SF)
Zoning code
U-6A
APN
561-21-003
UPID
US66-2561406
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-6A · Independence, OH
Zoning U-6A · permitted uses
U-6A · 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
HOTEL/MOTEL Current
Est. value
$22.6M
MEDICAL BUILDING
Est. value
$22.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.9M
AUTO REPAIR, GARAGE
Est. value
$18.3M
HOTEL/MOTEL Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
8
Buildings
3
Units
271
Bathrooms
271
Lot
6.29 ac
Current owner
From public records · entity-resolved
Cleveland Rockside LLC
Entity
Mailing address
1660-401 W GEORGIA ST VANCOUVER BRITISH COLUMBIA 6TH V XX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2026
$15,400,000
Cleveland Rockside LLC
Ahip Oh Cleveland Properties LLC
Special Warranty Deed
related
$13,860,000 · Western Alliance Bank
Jan 24, 2017
$35,420,000
Ahip Oh Cleveland Props LLC
Ap/aim Independence Suites LLC
Trustees Deed
$65,000,000 · Deutsche Bk Ag/ny Branch
Apr 2, 2013
—
Ap & Aim Independence Suites LLC
—
Deed Of Trust
related
$265,000,000 · J P Morgan Chase Bank
Aug 23, 2007
—
Ap Of Aim Independence Suites LLC
Ehp Independence Suites LLC
Grant Deed
$264,740,500 · Bear Stearns Commercial Mtg
Feb 18, 2005
—
Independence Suites Trs INC
—
Deed Of Trust
related
$81,800,000 · Prudential Insurance Co
Jan 11, 2000
—
Independence Suites INC
—
Grant Deed
related
$24,000,000 · Pnc Bank
Aug 13, 1999
$3,187,500
Independence Suites INC
Hub Valley Realty
Grant Deed
$2,562,450 · Seller
—
—
Ap & Aim Independence Suites LLC
—
Deed Of Trust
related
$100,000 · German American Cap
—
—
Ehp Independence Suites LLC
—
Deed Of Trust
related
$81,800,000 · Prudential Insurance Co
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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