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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Manufacturing properties
680 Rocky Riv Dr Berea, OH 44017-1628
Entity Owned
21-yr Hold
Free & Clear
Property ID
US66-0055374
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Construction
TYPE NOT SPECIFIED
Total area
25,784 SF
Lot
12.5 ac (544,500 SF)
Zoning code
LI
APN
362-03-015
UPID
US66-0055374
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
Current use
Occupant on record · Public records
-
ColorMatrix Corporation Industrial Manufacturer Production Facility
-
Color Matrix Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$1.45M
Owner & transaction history
680 North LLC · 21 yrs held
680 North LLC
since 2005
5 recorded transactions
Zoning & alternative use
LI · Berea, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+112.2%
Auto repair, garage
$2.3M
+106.5%
Apartment house (5+ units)
$1.9M
+69.4%
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 Berea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berea 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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,135,000
Current use
COMMERCIAL (GENERAL)
$2,410,000
Change: +112% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,345,000
Change: +107% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,925,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±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
$56 / 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
$174,768
Tax year 2023
Assessed value
$1,874,640
Assessed 2023
Previous assessed
$1,874,640
+0.0% YoY
Effective rate
9.32%
On assessed value
Assessed land
$288,750
Assessed improvement
$1,585,890
Land market value
$825,000
Improvement market value
$4,531,100
Total market value
$5,356,100
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
1989
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Buildings
5
Stories
1
Total area
25,784 SF
Lot
12.5 ac (544,500 SF)
Zoning code
LI
APN
362-03-015
UPID
US66-0055374
Jurisdiction
CUYAHOGA
Zoning & alternative use
LI · Berea, OH
Zoning LI · permitted uses
LI · Berea, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Berea. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1989
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Lot
12.5 ac
Current owner
From public records · entity-resolved
680 North LLC
Entity
Free & Clear · 21 yrs held
Mailing address
60 BROAD ST STE #3503, NEW YORK, NY 10004-2353
Ownership since
2005
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
Sep 9, 2024
—
680 North LLC
—
Deed
related
$3,500,000 · S & T Bank
Apr 21, 2005
$5,000,000
680 North LLC
Ws Berea Realty LLC
Grant Deed
—
Aug 13, 2003
$941,700
Ws Berea Realty LLC
R R Donnelley Ohio LLC
Grant Deed
$7,064,750 · Transamerica Commercial Real E
Nov 30, 1999
$430,000
R R Donnelley & Sons Co
Penton Media INC
Grant Deed
—
—
—
680 North LLC
—
Deed Of Trust
related
$3,750,000 · Genworth Life & Annuity Ins 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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