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Property profile & analytics
OFF-MARKET
Estimated value
$4,740,000
Medical Office Space
7500 Auburn Rd Concord Township, OH 44077-9602
Individually Owned
17-yr Hold
Free & Clear
Property ID
US66-0741728
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Total area
60,153 SF
Lot
25.28 ac (1,101,023 SF)
APN
08-A-019-0-00-043-0
UPID
US66-0741728
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
Current use
Occupant on record · Public records
-
Joy Ertel, MD Pediatrician Medical Clinic
-
UH Concord Health Center Laboratory Services Medical Laboratory Diagnostic Center
-
UH Concord Health Center Radiology Services Physician Medical Clinic
-
Dr. Teresa R. White, MD Pediatrician Physician
-
Christopher Bohac, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.64M
Blend (final)
Blend
$4.74M
Owner & transaction history
University Hosps Health System · 17 yrs held
University Hosps Health System
since 2009
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.3M
+26.0%
Auto repair, garage
$5.0M
+19.1%
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 Concord Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Concord Township 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
MEDICAL BUILDING
$4,230,000
Current use
OFFICE BUILDING
$5,335,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,045,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,650,000
Change: -14% · Conversion: Easy
WAREHOUSE, STORAGE
$3,405,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$4.74M
Range $4.27M – $5.21M · ±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
$79 / 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
$161,515
Tax year 2023
Assessed value
$2,277,790
Assessed 2023
Previous assessed
$2,277,790
+0.0% YoY
Effective rate
7.09%
On assessed value
Assessed land
$385,510
Assessed improvement
$1,892,280
Land market value
$1,101,470
Improvement market value
$5,406,510
Total market value
$6,507,980
Applied tax rate
8.0000
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
2009
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
60,153 SF
Lot
25.28 ac (1,101,023 SF)
APN
08-A-019-0-00-043-0
UPID
US66-0741728
Jurisdiction
LAKE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.2M
OFFICE BUILDING
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$5.0M
COMMERCIAL (GENERAL)
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$3.4M
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
25.28 ac
Current owner
From public records · entity-resolved
University Hosps Health System
Individual
Free & Clear · 17 yrs held
Mailing address
3605 WARRENSVILLE CTR RD, SHAKER HEIGHTS, OH 44122-5203
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2009
—
University Hosps Health System
Auburn Road Dev Co LLC
Quit Claim Deed
related
—
Nov 22, 2006
$8,980,800
Auburn Road Dev Co LLC
Maxus Energy Corp
Warranty Deed
—
Nov 22, 2006
$7,816,700
Ricerca Biosciences LLC
Auburn Road Dev Co LLC
Deed Of Trust
related
$10,000,000 · General Electric Capital Corp
Feb 25, 2000
—
Sta Realty INC Trustee
Maxus Energy Corp
Quit Claim Deed
related
—
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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