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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Office buildings
7007 Sprague Rd Independence, OH 44131-6569
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-2755333
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1942
Total area
5,320 SF
Lot
0.21 ac (9,148 SF)
Zoning code
U-1
APN
563-26-006
UPID
US66-2755333
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
$540k
Blend (final)
Blend
$555k
Owner & transaction history
Haihua Li · 6 yrs held
Haihua Li
since 2019
7 recorded transactions
Zoning & alternative use
U-1 · Independence, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote single-family dwelling house uses
Zone name
Single Family Dwelling House District
General category
RESIDENTIAL
Zone area
3,263.17 ac
Source
Realmo
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 Independence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Independence 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
$555k
Range $500k – $611k · ±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
$104 / 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
$153
Tax year 2023
Assessed value
$2,450
Assessed 2023
Previous assessed
$2,450
+0.0% YoY
Effective rate
6.24%
On assessed value
Assessed land
$2,450
Land market value
$7,000
Total market value
$7,000
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
1942
Heating
FORCED AIR
Cooling
CENTRAL
Bathrooms
1
Total area
5,320 SF
Lot
0.21 ac (9,148 SF)
Zoning code
U-1
APN
563-26-006
UPID
US66-2755333
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-1 · Independence, OHZoning U-1 · permitted uses
U-1 · Independence, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to promote single-family dwelling house uses
Zone name
Single Family Dwelling House District
General category
RESIDENTIAL
Zone area
3,263.17 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1942
Heating
FORCED AIR
Cooling
Yes
Bathrooms
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Haihua Li
Individual
Mailing address
6350 RUTH DR, SEVEN HILLS, OH 44131-3171
Ownership since
2019
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
Aug 6, 2019
—
Liongate LLC
—
Deed
related
$100,000 · Willoughby Hills Dev & Distrib
Aug 1, 2019
$6,183
Haihua Li
Sheriff Of Cuyahoga County|liongate LLC
Trustees Deed
—
Dec 12, 2006
$15,000
Sposit Donal J & Carol A Trust
7007 Sprague Road LLC
Warranty Deed
—
Dec 30, 2003
—
7007 Sprague Road LLC
Boyle,denise & Tom
Grant Deed
$339,120 · National City Bank
Nov 2, 2001
$427,000
Denise Boyle
Holdash,william C
Trustees Deed
—
—
—
7007 Sprague Road LLC
—
Deed Of Trust
related
$144,809 · National City Bank
—
—
Liongate LLC
—
Deed Of Trust
related
$100,000 · Willoughby Hills Dev & Distrib
—
—
Tom Boyle
—
Deed Of Trust
related
$250,166 · National City Bank
—
—
Denise Boyle
—
Deed Of Trust
related
$350,000 · Huntington National Bank
—
—
Edward P Orzech
—
Deed Of Trust
related
$134,000 · Precision Funding Corp
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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