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Property profile & analytics
FOR LEASE
Specialty properties
734 Alpha Dr Highland Heights, OH 44143
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-6237712
For Lease
$10 SF/Yr
734 Alpha Dr, Highland Heights, OH 44143
View Listing →
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1965
Construction
TYPE NOT SPECIFIED
Total area
1,692 SF
Lot
5.02 ac (218,628 SF)
Zoning code
P-C-M
APN
822-23-024
UPID
US66-6237712
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
$7.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.59M
Owner & transaction history
Nci Cleveland Nva LLC · 4 yrs held
Nci Cleveland Nva LLC
since 2022
Last sale
$11.0M
7 recorded transactions
Zoning & alternative use
P-C-M · Highland Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to accommodate park commercial manufacturing
Zone name
Park Commercial Manufacturing
General category
INDUSTRIAL
Zone area
657.23 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 Highland Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland 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
$8,425,000
ML approach
$7,940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.59M
Range $8.63M – $10.55M · ±10% · vs last sale $11.00M (May 16 2022)
Last sale anchor
$11.00M
May 16 2022
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
$5,668 / 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
$162,017
Tax year 2023
Assessed value
$1,919,760
Assessed 2023
Previous assessed
$668,400
+187.2% YoY
Effective rate
8.44%
On assessed value
Assessed land
$148,090
Assessed improvement
$1,771,670
Land market value
$423,100
Improvement market value
$5,061,900
Total market value
$5,485,000
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
For Lease
Year built
1965
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
1,692 SF
Lot
5.02 ac (218,628 SF)
Zoning code
P-C-M
APN
822-23-024
UPID
US66-6237712
Jurisdiction
CUYAHOGA
Zoning & alternative use
P-C-M · Highland Heights, OHZoning P-C-M · permitted uses
P-C-M · Highland Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to accommodate park commercial manufacturing
Zone name
Park Commercial Manufacturing
General category
INDUSTRIAL
Zone area
657.23 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1965
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
5.02 ac
Current owner
From public records · entity-resolved
Nci Cleveland Nva LLC
Entity
Mailing address
734 ALPHA DR, HIGHLAND HTS, OH 44143-2138
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2022
$11,000,000
Nci Cleveland Nva LLC
Alphatron LLC
Limited Warranty Deed
$8,500,000 · Midland States Bank
Oct 26, 2020
—
Alphatron LLC
Fourpenn Alpha LLC
Quit Claim Deed
related
$100,000 · Keybank USA
Feb 11, 2019
—
Fourpenn Alpha LLC
Wi-fi Alpha LLC
Grant Deed
related
—
Jan 18, 2013
—
Wi-fi Alpha LLC
—
Deed Of Trust
related
$3,075,000 · First Commonwealth Bank
Sep 11, 2007
$4,500,000
Wi-fi Alpha LLC
Maple Street Ltd
Grant Deed
$3,750,000 · Us Bank NA
Nov 3, 2003
$1,000,000
Maple Street Ltd
Fedex Ground Package System In
Grant Deed
—
—
—
Maple Street Ltd
—
Deed Of Trust
related
$1,250,000 · Huntington National Bank
—
—
Maple Street Ltd
—
Deed Of Trust
related
$350,000 · Huntington National Bank
—
—
Maple Street Ltd
—
Deed Of Trust
related
$2,450,000 · Huntington National Bank
—
—
Wi-fi Alpha LLC
—
Deed Of Trust
related
$250,000 · Us Bank NA
—
—
Wi-fi Alpha LLC
—
Deed Of Trust
related
$4,000,000 · Us Bank NA
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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