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Property profile & analytics
FOR LEASE
Office buildings
6500 Rockside Rd, Independence, OH 44131
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-0452805
For Lease
1 / 2
$18 SF/Yr
6500 Rockside Rd, Independence, OH 44131
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
TYPE NOT SPECIFIED
Total area
59,064 SF
Lot
3.27 ac (142,645 SF)
Zoning code
U-5
APN
562-17-025
UPID
US66-0452805
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
$4.77M
Blend (final)
Blend
$7.50M
Owner & transaction history
Metrocenter Rlf LLC · 6 yrs held
Metrocenter Rlf LLC
since 2019
6 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
$7.50M
Range $6.75M – $8.25M · ±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
$127 / 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
$119,853
Tax year 2023
Assessed value
$1,914,510
Assessed 2023
Previous assessed
$1,914,510
+0.0% YoY
Effective rate
6.26%
On assessed value
Assessed land
$299,570
Assessed improvement
$1,614,940
Land market value
$855,900
Improvement market value
$4,614,100
Total market value
$5,470,000
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
For Lease
Year built
1988
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
CENTRAL
Stories
3
Total area
59,064 SF
Lot
3.27 ac (142,645 SF)
Zoning code
U-5
APN
562-17-025
UPID
US66-0452805
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
1988
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
3
Lot
3.27 ac
Current owner
From public records · entity-resolved
Metrocenter Rlf LLC
Entity
Mailing address
21380 LORAIN RD STE #201, CLEVELAND, OH 44126-2144
Ownership since
2019
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
Oct 16, 2019
$5,470,000
Metrocenter Rlf LLC
Rzepka & Associates LLC
Grant Deed
$4,100,000 · Other Institutional Lenders
Jun 4, 2018
—
Cplg Properties LLC
—
Grant Deed
related
$1,035,000,000 · Jpmorgan Chase Bk NA
Apr 20, 2018
—
Rzepka & Associates LLC
—
Deed
related
$1,675,000 · First Nat'l Bk/pa
May 28, 2003
—
Independence City (oh)
Rzepka & Associates
Grant Deed
related
—
—
—
Rzepka & Associates LLC
—
Deed Of Trust
related
$2,000,000 · Pnc Bank
—
—
Rzepka & Associates LLC
—
Deed Of Trust
related
$1,675,000 · First Nat'l Bk/pa
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.
Try Rey
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