6055 Rockside Woods Blvd North Independence, OH 44131
Parking lots & garages
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Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
For Lease
1 / 6
Contact for pricing
6055 Rockside Woods Blvd North, Independence, OH 44131
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Estimated value (blended)
$92.06M
Range $82.85M – $101.26M (±10%)
Property ID
US66-4003296
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1997
Construction
TYPE NOT SPECIFIED
Total area
152,750 SF
Lot
9.13 ac (397,877 SF)
Zoning code
U-5
APN
561-25-010
UPID
US66-4003296
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$84.51M
Blend (final)
Blend
$92.06M
Owner & transaction history
since 2009
1 recorded transaction
Zoning & alternative use
U-5 · Independence, OH
Zoning description
The intent of this zone is to promote office building and research laboratory uses
General category
UNKNOWN
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$92.06M
Value range
$82.85M – $101.26M
±10% around blend
Estimated value / SF
$603 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$82.85M
blend $92.06M
$101.26M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
152,750 SF
Lot area
9.13 ac
Year built
1997
Stories
6
APN
561-25-010
Assessed value
$5,203,350
Annual tax
$333,428
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$84.51M
Range $9.12M – $84.51M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$92.06M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 80 sales
$311
+94%
County 82 sales
$308
+96%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $603/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.20M
Move the market yield to see immediate price impact.
Value / SF
$34
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$328k
$6.56M
$4.68M
$3.64M
$364k
$7.28M
$5.20M
$4.05M
$401k
$8.01M
$5.72M
$4.45M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$333,428
Tax year 2023
Assessed value
$5,203,350
Assessed 2023
Previous assessed
$5,203,350
+0.0% YoY
Effective rate
6.41%
On assessed value
Assessed land
$974,790
Assessed improvement
$4,228,560
Land market value
$2,785,100
Improvement market value
$12,081,600
Total market value
$14,866,700
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
For Lease
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
CENTRAL
Stories
6
Total area
152,750 SF
Lot
9.13 ac (397,877 SF)
Zoning code
U-5
APN
561-25-010
UPID
US66-4003296
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-5 · Independence, OHZoning U-5 · permitted uses
U-5 · Independence, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The intent of this zone is to promote office building and research laboratory uses
General category
UNKNOWN
Building & site characteristics
From public records
Year built
1997
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
6
Lot
9.13 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
U-5
UNKNOWN
Jurisdiction
Independence, OH
Recorded code
U-5
Official district
U-5
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for U-5 in Independence, OH.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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