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Property profile & analytics
OFF-MARKET
Estimated value
$1,645,000
Office buildings
670 Alpha Dr Highland Heights, OH 44143-2123
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-6260130
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Construction
TYPE NOT SPECIFIED
Total area
8,461 SF
Lot
5.23 ac (227,658 SF)
Zoning code
P-C-M
APN
822-21-007
UPID
US66-6260130
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
$1.02M
CAP Approach
CAP
$1.89M
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.65M
Owner & transaction history
670 Alpha LLC · 14 yrs held
670 Alpha LLC
since 2012
7 recorded transactions
Zoning & alternative use
P-C-M · Highland Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to accommodate park commercial manufacturing
Zone name
Park Commercial Manufacturing
General category
INDUSTRIAL
Zone area
657.23 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.4M
+4.3%
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 Highland Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland 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
$1,015,000
CAP Approach
CAP Return
Estimation
6%
$2,045,000
6.5%
$1,890,000
7%
$1,755,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,370,000
Current use
RESTAURANT
$1,425,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$1.65M
Range $1.48M – $1.81M · ±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
$194 / 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
$108,821
Tax year 2023
Assessed value
$1,273,970
Assessed 2023
Previous assessed
$1,273,970
+0.0% YoY
Effective rate
8.54%
On assessed value
Assessed land
$175,280
Assessed improvement
$1,098,690
Land market value
$500,800
Improvement market value
$3,139,100
Total market value
$3,639,900
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
1967
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
8,461 SF
Lot
5.23 ac (227,658 SF)
Zoning code
P-C-M
APN
822-21-007
UPID
US66-6260130
Jurisdiction
CUYAHOGA
Zoning & alternative use
P-C-M · Highland Heights, OHZoning P-C-M · permitted uses
P-C-M · Highland Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to accommodate park commercial manufacturing
Zone name
Park Commercial Manufacturing
General category
INDUSTRIAL
Zone area
657.23 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
OFFICE BUILDING Current
RESTAURANT
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
1967
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Lot
5.23 ac
Current owner
From public records · entity-resolved
670 Alpha LLC
Entity
Mailing address
5605 GRANGER RD, INDEPENDENCE, OH 44131-1213
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2022
—
670 Alpha LLC
—
Deed
related
$31,780,000 · Tristate Capital Bank
Feb 26, 2019
—
670 Alpha LLC
—
Loan Modification
related
$83,700,000 · Miscellaneous Ins Co
Nov 30, 2017
—
670 Alpha LLC
—
Grant Deed
related
$71,400,000 · Miscellaneous Ins Co
Jan 13, 2017
—
27200 Tinkers Ct LLC
—
Loan Modification
related
$14,750,000 · Northwest Bk
Jul 16, 2013
—
670 Alpha LLC
—
Grant Deed
related
$3,825,000 · Associated Bank
May 30, 2012
$3,100,000
670 Alpha LLC
T Z Division LLC
Grant Deed
$5,950,000 · Associated Bank
May 25, 2011
—
Tz Division LLC
—
Deed Of Trust
related
$5,400,000 · Home Savings & Loan Youngstown
Aug 20, 2002
—
T Z Division LLC
J P S Properties Diversified
Quit Claim Deed
related
—
Jun 4, 2002
—
J P S Properties Diversified
—
Deed Of Trust
related
$7,475,000 · Fifth Third Bank
May 23, 2002
$6,792,500
Jps Properties Diversified INC
New 3 Acquisition LP
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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