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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Strip malls
7060 Columbia Rd 7096 Olmsted Twp, OH 44138-1528
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-1227275
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1952
Construction
TYPE NOT SPECIFIED
Total area
21,898 SF
Lot
4.43 ac (193,049 SF)
Zoning code
RB
APN
262-14-050
UPID
US66-1227275
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
$2.00M
Blend (final)
Blend
$1.83M
Owner & transaction history
Columbia Park Owner LLC · 5 yrs held
Columbia Park Owner LLC
since 2020
6 recorded transactions
Zoning & alternative use
RB · Olmsted Twp, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.5M
+14.5%
Medical building
$2.4M
+7.3%
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 Olmsted Twp submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Olmsted Twp 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
NEIGHBORHOOD: SHOPPING CENTER
$2,220,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,540,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$2,380,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,950,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,815,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±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
$83 / 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
$52,728
Tax year 2023
Assessed value
$530,150
Assessed 2023
Previous assessed
$530,150
+0.0% YoY
Effective rate
9.95%
On assessed value
Assessed land
$337,820
Assessed improvement
$192,330
Land market value
$965,200
Improvement market value
$549,500
Total market value
$1,514,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1952
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
21,898 SF
Lot
4.43 ac (193,049 SF)
Zoning code
RB
APN
262-14-050
UPID
US66-1227275
Jurisdiction
CUYAHOGA
Zoning & alternative use
RB · Olmsted Twp, OH
Zoning RB · permitted uses
RB · Olmsted Twp, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Olmsted Twp. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1952
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
4.43 ac
Current owner
From public records · entity-resolved
Columbia Park Owner LLC
Entity
Free & Clear · 5 yrs held
Mailing address
303 W MADISON ST, CHICAGO, IL 60606-3309
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2026
—
Columbia Park Owner LLC
—
Deed
related
$55,892,000 · Capitalonena
Oct 22, 2020
$29,942,000
Columbia Park Owner LLC
Columbia Park East Mhp LLC
Quit Claim Deed
related
—
Sep 22, 2017
—
Columbia Park East Mhp LLC
Columbia Park East Mhp Gd Ll
Quit Claim Deed
related
—
Aug 7, 2017
$12,022,100
Columbia Park East Mhp LLC
Columbia Far West LLC
Warranty Deed
related
—
May 3, 2017
—
Columbia Park East Mhp LLC
Columbia Park East Mhp Gd Ll
Quit Claim Deed
related
—
May 3, 2007
—
Columbia Park East Mhp LLC
Columbia Mhc East LLC
Quit Claim Deed
related
$55,000,000 · General Electric Capital 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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