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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Office buildings
700 Resource Dr 50 Brooklyn Heights, OH 44131-1836
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US66-3131082
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
11,200 SF
Lot
1.66 ac (72,366 SF)
Zoning code
LI
APN
531-23-019
UPID
US66-3131082
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
$1.68M
Blend (final)
Blend
$1.33M
Owner & transaction history
Six Point Investments LLC · 14 yrs held
Six Point Investments LLC
since 2011
7 recorded transactions
Zoning & alternative use
LI · Brooklyn Heights, 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 Brooklyn Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brooklyn 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±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
$118 / 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
$18,577
Tax year 2023
Assessed value
$299,600
Assessed 2023
Previous assessed
$299,600
+0.0% YoY
Effective rate
6.20%
On assessed value
Assessed land
$30,520
Assessed improvement
$269,080
Land market value
$87,200
Improvement market value
$768,800
Total market value
$856,000
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
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
11,200 SF
Lot
1.66 ac (72,366 SF)
Zoning code
LI
APN
531-23-019
UPID
US66-3131082
Jurisdiction
CUYAHOGA
Zoning & alternative use
LI · Brooklyn Heights, OH
Zoning LI · permitted uses
LI · Brooklyn Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brooklyn Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Six Point Investments LLC
Entity
Mailing address
PO BOX 28222, CLEVELAND, OH 44128-0222
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2011
$800,000
Six Point Investments LLC
Sun Life Assurance Co Of Canada U
Grant Deed
$150,000 · Key Bank NA
Dec 2, 2010
—
Sun Life Assurance Co Of Canada U
Sl Inv Delre Holdings 2009-1 L
Quit Claim Deed
related
—
Aug 26, 2010
—
Inv Delre Holdings 2009- Sl
Pride One-brooklyn Heights Ltd
Deed In Lieu Of Foreclosure
related
—
Sep 30, 1999
$150,000
Pride One-brooklyn Heights Ltd
Ratner,james A
Grant Deed
$1,000,000 · National City Bank
—
—
Pride One Brooklyn Heights Ltd
—
Deed Of Trust
related
$1,000,000 · National City Bank
—
—
Pride One Brooklyn Heights Ltd
—
Deed Of Trust
related
$1,580,000 · National City Bank
—
—
Six Point Investments LLC
—
Deed Of Trust
related
$680,000 · Keybank Nat'l Assn/edgewood
—
—
Pride One-brooklyn Heights Ltd
—
Deed Of Trust
related
$716,224 · National City Bank
—
—
Pride One-brooklyn Heights Ltd
—
Deed Of Trust
related
$1,940,000 · Sun Life Assurance 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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