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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Individual retail properties
6101 Brecksville Rd Independence, OH 44131-1503
Entity Owned
19-yr Hold
Free & Clear
Property ID
US66-1470906
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2007
Construction
TYPE NOT SPECIFIED
Total area
49,998 SF
Lot
19.72 ac (859,132 SF)
Zoning code
U-6
APN
561-15-003
UPID
US66-1470906
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
$1.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.45M
Owner & transaction history
City Of Independence · 19 yrs held
City Of Independence
since 2006
6 recorded transactions
Zoning & alternative use
U-6 · 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
$1,325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
GYM, HEALTH SPA
$1,055,000
Current use
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±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
$29 / 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
$427,513
Tax year 2023
Assessed value
$6,829,030
Assessed 2023
Previous assessed
$6,829,030
+0.0% YoY
Effective rate
6.26%
On assessed value
Assessed land
$511,600
Assessed improvement
$6,317,430
Land market value
$1,461,700
Improvement market value
$18,049,800
Total market value
$19,511,500
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2007
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
1
Total area
49,998 SF
Lot
19.72 ac (859,132 SF)
Zoning code
U-6
APN
561-15-003
UPID
US66-1470906
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-6 · Independence, OH
Zoning 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
Independence. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
GYM, HEALTH SPA Current
Est. value
$1.1M
GYM, HEALTH SPA Current
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
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
19.72 ac
Current owner
From public records · entity-resolved
City Of Independence
Entity
Free & Clear · 19 yrs held
Mailing address
1 CTR CT, CLEVELAND, OH 44115-4001
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2006
—
Cnty Port A Cleveland-cuyahoga
—
Deed Of Trust
related
$20,700,000 · Huntington National Bank
Nov 3, 2006
$1,850,000
City Of Independence
Kleber Ltd
Grant Deed
—
Oct 18, 2006
—
City Of Independence
Kleber Ltd
Grant Deed
related
—
Apr 7, 2006
—
Kleber Ltd
Kaiser Foundation Health Plan
Quit Claim Deed
related
—
Sep 18, 2001
$32,700
Michael C Marvine
Kleiber Ltd
Quit Claim Deed
related
—
Oct 8, 1999
$720,000
Kleber Ltd
V F Holdings
Grant Deed
—
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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