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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Manufacturing properties
6640 Engle Rd Middleburg Heights, OH 44130-7948
Entity Owned
13-yr Hold
Free & Clear
Property ID
US66-6130459
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Construction
TYPE NOT SPECIFIED
Total area
11,946 SF
Lot
2.09 ac (91,040 SF)
Zoning code
GI
APN
371-16-008
UPID
US66-6130459
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
$695k
Comparable Approach
Comparable
$915k
Blend (final)
Blend
$875k
Owner & transaction history
Luke Engle Property Group LLC · 13 yrs held
Luke Engle Property Group LLC
since 2012
4 recorded transactions
Zoning & alternative use
GI · Middleburg Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The General Industrial (GI) Zoning District is designed to accommodate those light industrial, heavy industrial, office, flex space and other permitted activities which, by their character, should be relatively remote from residential development
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
566.92 ac
Source
Realmo
Top alternative use upside
Medical building
$1.3M
+152.0%
Neighborhood: shopping center
$1.2M
+134.9%
Auto repair, garage
$1.1M
+106.3%
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 Middleburg Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middleburg Heights 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%
$750,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,300,000
Change: +152% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,210,000
Change: +135% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,065,000
Change: +106% · Conversion: Easy
COMMERCIAL (GENERAL)
$990,000
Change: +92% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$885,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$73 / 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
$56,008
Tax year 2023
Assessed value
$662,660
Assessed 2023
Previous assessed
$662,660
+0.0% YoY
Effective rate
8.45%
On assessed value
Assessed land
$53,760
Assessed improvement
$608,900
Land market value
$153,600
Improvement market value
$1,739,700
Total market value
$1,893,300
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1987
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
3
Total area
11,946 SF
Lot
2.09 ac (91,040 SF)
Zoning code
GI
APN
371-16-008
UPID
US66-6130459
Jurisdiction
CUYAHOGA
Zoning & alternative use
GI · Middleburg Heights, OHZoning GI · permitted uses
GI · Middleburg Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The General Industrial (GI) Zoning District is designed to accommodate those light industrial, heavy industrial, office, flex space and other permitted activities which, by their character, should be relatively remote from residential development
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
566.92 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$990,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$885,000
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1987
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
3
Lot
2.09 ac
Current owner
From public records · entity-resolved
Luke Engle Property Group LLC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 91807, CLEVELAND, OH 44101-3807
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2012
$572,500
Luke Engle Property Group LLC
Citizens Bk
Warranty Deed
—
Apr 19, 2012
$500,050
Citizens Bk
Sheriff Of Cuyahoga County
Trustees Deed
related
—
Aug 31, 2006
$60,000
Salvatore Vitanza
6640 Engle Rd LLC
Grant Deed
—
Aug 31, 2006
$1,300,000
6640 Engle Rd LLC
Vitanza,salvatore A
Warranty Deed
$1,215,000 · Republic Bank
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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