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Property profile & analytics
OFF-MARKET
Estimated value
$10,300,000
Medical Office Space
6803 Mayfield Rd Mayfield Heights, OH 44124-2271
Individually Owned
3-yr Hold
Free & Clear
Property ID
US66-2090199
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1974
Total area
71,850 SF
Lot
11.64 ac (507,097 SF)
Zoning code
U-8
APN
862-29-019
UPID
US66-2090199
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
$10.48M
Comparable Approach
Comparable
$11.85M
Blend (final)
Blend
$10.30M
Owner & transaction history
Cleveland Clinic Health System East · 3 yrs held
Cleveland Clinic Health System East
since 2023
2 recorded transactions
Zoning & alternative use
U-8 · Mayfield Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.1M
+55.2%
Office building
$11.6M
+48.8%
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 Mayfield Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mayfield 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%
$11,345,000
6.5%
$10,475,000
7%
$9,725,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,805,000
Current use
RESTAURANT
$12,120,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$11,620,000
Change: +49% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,280,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,390,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$10.30M
Range $9.27M – $11.33M · ±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
$143 / 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
$744,438
Tax year 2023
Assessed value
$8,235,440
Assessed 2023
Previous assessed
$8,235,440
+0.0% YoY
Effective rate
9.04%
On assessed value
Assessed land
$2,746,700
Assessed improvement
$5,488,740
Land market value
$7,847,700
Improvement market value
$15,682,100
Total market value
$23,529,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1974
Heating
HOT WATER
Cooling
AC.PACKAGE
Buildings
6
Stories
5
Total area
71,850 SF
Lot
11.64 ac (507,097 SF)
Zoning code
U-8
APN
862-29-019
UPID
US66-2090199
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-8 · Mayfield Heights, OH
Zoning U-8 · permitted uses
U-8 · Mayfield Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mayfield Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$7.8M
RESTAURANT
Est. value
$12.1M
OFFICE BUILDING
Est. value
$11.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$6.4M
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1974
Heating
HOT WATER
Cooling
Yes
Stories
5
Buildings
6
Lot
11.64 ac
Current owner
From public records · entity-resolved
Cleveland Clinic Health System East
Individual
Free & Clear · 3 yrs held
Mailing address
1950 RICHMOND RD, LYNDHURST, OH 44124-3719
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2023
—
Cleveland Clinic Health System East
Cleveland Clinic Health System East
Correction Deed
related
—
Oct 19, 2021
—
Cleveland Clinic Health System East
Cleveland Clinic Health Systems Eas
Intrafamily Transfer
related
—
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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