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Property profile & analytics
OFF-MARKET
Estimated value
$8,970,000
Office buildings
6393 Oak Tree Blvd, Independence, OH 44131-6957
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US66-2747294
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Construction
TYPE NOT SPECIFIED
Total area
69,516 SF
Lot
4.57 ac (198,871 SF)
Zoning code
U-5
APN
562-29-056
UPID
US66-2747294
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
by Request
Comparable Approach
Comparable
$5.77M
Blend (final)
Blend
$8.97M
Owner & transaction history
Christopher Tilton · 11 yrs held
Christopher Tilton
since 2015
5 recorded transactions
Zoning & alternative use
U-5 · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.97M
Range $8.07M – $9.87M · ±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
$129 / 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
$37,640
Tax year 2023
Assessed value
$2,315,510
Assessed 2023
Previous assessed
$2,315,510
+0.0% YoY
Effective rate
1.63%
On assessed value
Assessed land
$375,870
Assessed improvement
$1,939,640
Land market value
$1,073,900
Improvement market value
$5,541,800
Total market value
$6,615,700
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
2002
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Total area
69,516 SF
Lot
4.57 ac (198,871 SF)
Zoning code
U-5
APN
562-29-056
UPID
US66-2747294
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-5 · Independence, OH
Zoning U-5 · permitted uses
U-5 · 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.
Building & site characteristics
From public records
Year built
2002
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
4.57 ac
Current owner
From public records · entity-resolved
Christopher Tilton
Individual
Mailing address
6393 OAK TREE BLVD, INDEPENDENCE, OH 44131-6957
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2015
—
Christopher Tilton
Governing Board Of Educational Se
Quit Claim Deed
related
—
Dec 19, 2012
$5,700,000
Governing Board Of Educational Sv
Es Investors Ltd
Grant Deed
—
Jun 27, 2011
$2,900,000
Es Investors Ltd
Essex Point Ltd
Deed Of Trust
related
$3,500,000 · Us Bank NA
Jun 19, 2001
$1,210,000
Essex Point Ltd
Smythe Cramer Co
Grant Deed
$7,500,000 · National City Bank
—
—
Essex Point Ltd
—
Deed Of Trust
related
$7,950,000 · Prudential Mortgage Capital 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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