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    Property profile & analytics

    7007 Sprague Rd Independence, OH 44131-6569

    • Office buildings
    • 5,320 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US66-2755333
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 7007 Sprague Rd

    Year built
    1942
    Lot size
    0.21 lot acres
    Property size
    5,320 SF
    Zone code
    U-1
    Property type
    Office buildings
    APN
    563-26-006
    APU
    56326006

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6344
    Latitude
    41.3516
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $153
    $2,450
    $0.00
    $2,450
    -
    $7,000
    $0.00
    $7,000

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      712 Nn St

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      150,661 SF

      6000 Lombardo Ctr

      OFFICE BUILDING • 150,661 SF
      6000 Lombardo Ctr, Seven Hills, OH 44131-2579
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      302,734 SF

      5005 Rockside Rd

      OFFICE BUILDING • 302,734 SF
      5005 Rockside Rd, Independence, OH 44131-2194
      View Details
    • Value Estimation
      $1,390,000
      4,320 SF

      5667 Schaaf Rd

      OFFICE BUILDING • 4,320 SF
      5667 Schaaf Rd, Independence, OH 44131-1305
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    • Value Estimation by Request
      9,694 SF

      7300 Pleasant Vly Rd

      OFFICE BUILDING • 9,694 SF
      7300 Pleasant Vly Rd, Independence, OH 44131-5540
      View Details
    • Value Estimation
      $840,000
      1,550 SF

      4906 Van Epps Rd

      OFFICE BUILDING • 1,550 SF
      4906 Van Epps Rd, Brooklyn Heights, OH 44131-1018
      View Details

    Similar Nearby for Sale

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      Development Opportunity Near I-77

      3.2 acres of land suitable for retail or office development.
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    Similar Nearby for Lease

    • Contact for pricing
      19,088 SF

      New Class A Office Building

      Newly constructed Class A office building with modern amenities.
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      Four-Story Office Building Available

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      134,000 SF

      Premier Suburban Office Building

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      Sublease space featuring drive-in bay, loading dock, and office.
      210 Hayes Dr, Brooklyn Heights, OH 44131
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    7007 Sprague Rd
    Independence, OH 44131-6569
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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