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Financial
Distress signals
Property profile

6500 Rockside Rd Independence, OH 44131

FOR SALE
Office buildings
Property ID
US66-0452805
59,064 SF 3.27 ac lot Built 1988
Last sale Oct 2019 · $5,470,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an office space containing 4,055 square feet of office area. Renovations were completed in 2023 affecting the lobby and common areas. Parking provisions include underground and heated garage parking, supporting an on-site parking supply. The building features monument-style signage opportunities. The office is situated within walking distance of nearby restaurants, shopping, and entertainment, and provides convenient access to I-77 and I-480.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$120k
Tax billed · 2023
Assessed value$1.91M
Assessed land$300k
Assessed improvement$1.61M
Effective rate6.26%

Value estimate

· Oct 2026
$1.31M
$1.18M – $1.44M
Submarket $/SF estimate$4.77M
NOI build-up
Gross scheduled income$1.06M
Vacancy & credit loss−$259k
Operating expenses−$200k
NOI · 10.70% cap applied$599k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$251/SF
ZIP average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$101 – $356

Cap rate analysis

How does the asset earn?
10.70%
$599k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
U-5
The intent of this zone is to promote office building and research laboratory uses
General categoryUNKNOWN
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.1
Electrical Service10.8
Auto Parts Store10.3

Location

6500 Rockside Rd Independence, OH 44131
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
965 Keynote, Brooklyn Heights, OH 44131-1829 $450,000 Jul 2025 36,288 SF
7393 Broadview, Seven Hills, OH 44131-4444 $2,234,000 Apr 2023 11,950 SF
5000 Rockside, Independence, OH 44131-6823 $1,850,000 Aug 2022 42,000 SF
4807 Rockside, Independence, OH 44131-2192 $5,000,000 Aug 2022 91,350 SF
6599 Granger, Independence, OH 44131-1415 $1,032,995 Oct 2021 30,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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