Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,520,000
Medical Office Space
7165 Pleasant Vly Rd Independence, OH 44131-5541
Entity Owned
10-yr Hold
Free & Clear
Property ID
US66-0052800
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1973
Total area
20,664 SF
Lot
5.42 ac (236,182 SF)
Zoning code
U-5A
APN
564-09-018
UPID
US66-0052800
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
$3.16M
Comparable Approach
Comparable
$2.57M
Blend (final)
Blend
$2.52M
Owner & transaction history
Abk Associates LLC · 10 yrs held
Abk Associates LLC
since 2016
7 recorded transactions
Zoning & alternative use
U-5A · Independence, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote light manufacturing uses
Zone name
Light Manufacturing District
General category
INDUSTRIAL
Zone area
235.54 ac
Source
Realmo
Top alternative use upside
Restaurant
$3.5M
+55.2%
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%
$3,420,000
6.5%
$3,160,000
7%
$2,935,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,245,000
Current use
RESTAURANT
$3,485,000
Change: +55% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,095,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,840,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.52M
Range $2.27M – $2.77M · ±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
$122 / 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
$54,589
Tax year 2023
Assessed value
$871,990
Assessed 2023
Previous assessed
$871,990
+0.0% YoY
Effective rate
6.26%
On assessed value
Assessed land
$342,440
Assessed improvement
$529,550
Land market value
$978,400
Improvement market value
$1,513,000
Total market value
$2,491,400
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
1973
Heating
HEAT PUMP
Cooling
CENTRAL
Buildings
3
Stories
1
Bathrooms
1
Total area
20,664 SF
Lot
5.42 ac (236,182 SF)
Zoning code
U-5A
APN
564-09-018
UPID
US66-0052800
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-5A · Independence, OHZoning U-5A · permitted uses
U-5A · 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 light manufacturing uses
Zone name
Light Manufacturing District
General category
INDUSTRIAL
Zone area
235.54 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.2M
RESTAURANT
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING Current
RESTAURANT
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
1973
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Bathrooms
1
Lot
5.42 ac
Current owner
From public records · entity-resolved
Abk Associates LLC
Entity
Free & Clear · 10 yrs held
Mailing address
7165 E PLEASANT VLY RD, INDEPENDENCE, OH 44131-5541
Ownership since
2016
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
Mar 30, 2016
—
Abk Associates LLC
Cleveland Pcs Realty LLC
Grant Deed
related
—
Mar 20, 2015
$1,037,100
Abk Associates LLC
Cleveland Pcs Realty LLC
Grant Deed
$2,000,000 · Kowalski Diana M Trust (pt)
Feb 3, 2015
—
City Of Independence Ohio
Cleveland Pcs Realty LLC
Grant Deed
related
—
Nov 22, 2011
—
Gtp Acquisition Ptrs II LLC
—
Deed Of Trust
related
$430,000,000 · Bank Of Ny Mellon (te)
Dec 15, 2005
—
Cleveland Pcs Realty LLC
—
Deed Of Trust
related
$150,000,000 · Us Bank NA
Jul 16, 2004
$2,200,000
Cleveland Pcs Realty LLC
Cleveland Pcs LLC
Grant Deed
related
—
Dec 13, 2000
$2,000,000
Cleveland Pcs LLC
Consolidated Natural Gas Svc
Grant Deed
—
—
—
Abk Associates LLC
—
Deed Of Trust
related
$1,000,000 · Kowalski Bruce J Trust (pt)
—
—
Abk Associates LLC
—
Deed Of Trust
related
$1,750,000 · Consumers Nat'l Bk
—
—
Cleveland Pcs Realty LLC
—
Deed Of Trust
related
$25,000,000 · Capitalsource Finance LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7165 Pleasant Vly Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
