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Property profile & analytics
OFF-MARKET
Estimated value
$4,290,000
Medical Office Space
5825 Landerbrook Dr Mayfield Heights, OH 44124-6532
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-6310938
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
29,912 SF
Lot
2.56 ac (111,514 SF)
Zoning code
U-7
APN
861-29-013
UPID
US66-6310938
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
$4.36M
Comparable Approach
Comparable
$4.93M
Blend (final)
Blend
$4.29M
Owner & transaction history
Landerbrook Point LLC · 18 yrs held
Landerbrook Point LLC
since 2007
4 recorded transactions
Zoning & alternative use
U-7 · Mayfield Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.0M
+55.2%
Office building
$4.8M
+48.8%
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 Mayfield Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mayfield 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,725,000
6.5%
$4,360,000
7%
$4,050,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,250,000
Current use
RESTAURANT
$5,045,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$4,840,000
Change: +49% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,030,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,660,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$4.29M
Range $3.86M – $4.72M · ±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
$143 / 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
$163,986
Tax year 2023
Assessed value
$1,814,120
Assessed 2023
Previous assessed
$245,910
+637.7% YoY
Effective rate
9.04%
On assessed value
Assessed land
$245,910
Assessed improvement
$1,568,210
Land market value
$702,600
Improvement market value
$4,480,600
Total market value
$5,183,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2007
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Total area
29,912 SF
Lot
2.56 ac (111,514 SF)
Zoning code
U-7
APN
861-29-013
UPID
US66-6310938
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-7 · Mayfield Heights, OH
Zoning U-7 · permitted uses
U-7 · Mayfield Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mayfield Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.3M
RESTAURANT
Est. value
$5.0M
OFFICE BUILDING
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.7M
MEDICAL BUILDING Current
RESTAURANT
OFFICE 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
2007
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
2.56 ac
Current owner
From public records · entity-resolved
Landerbrook Point LLC
Entity
Mailing address
835 FRD RD, CLEVELAND, OH 44143-3103
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
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
Jan 14, 2011
—
Landerbrook Dental LLC
—
Deed Of Trust
related
$5,600,000 · Key Bank NA
Dec 19, 2007
$11,900,000
Landerbrook Point LLC
Landerbrook-point 6 LLC
Grant Deed
related
$10,000 · National City Bank
Dec 18, 2006
$1,275,000
Landerbrook Dental LLC
Landerbrook
Grant Deed
related
—
Aug 16, 2006
—
Landerbrook Co
Krenzler,alvin I
Grant Deed
related
—
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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