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    Property profile & analytics

    7728 Commerce Park Oval Independence, OH 44131-2306

    • Manufacturing properties
    • 32,870 SF
    • 1.74 lot acres
    OFF-MARKET
    Value Estimation
    $590,000
    Location Intelligence
    Property ID
    US66-1318991
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 7728 Commerce Park Oval

    Year built
    1969
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.74 lot acres
    Property size
    32,870 SF
    Zone code
    U-6
    Property type
    Manufacturing properties
    APN
    561-16-010
    APU
    56116010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $590,000

    • CAP approach

      CAP return
      Estimation
      6%
      $665,000
      6.5%
      $635,000
      7%
      $575,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $660,000
      Geo Method
      $590,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $565,000
      Retail
      $650,000
      Mixed-Use
      $635,000
      Hospitality
      $720,000
      Educational
      $630,000
      Residential Income
      $555,000
      Energy
      $595,000
      Income-Based Land
      $690,000
      Food Service
      $650,000

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6331
    Latitude
    41.3961
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $26,650
    $47,010
    $378,700
    $425,710
    -
    $134,300
    $1,082,000
    $1,216,300

    Comparable in this City

    • Value Estimation
      $1,830,000
      1.14 Acres

      Spg Rd

      MANUFACTURING (LIGHT) • 1.14 Acres
      Spg Rd, Brooklyn Heights, OH 44131
      View Details
    • Value Estimation
      $3,445,000
      0.61 Acres

      4700 Spg Rd

      MANUFACTURING (LIGHT) • 0.61 Acres
      4700 Spg Rd, Brooklyn Heights, OH 44131-1027
      View Details
    • Value Estimation
      $1,135,000
      3.03 Acres

      8901 Pleasant Vly Rd

      MANUFACTURING (LIGHT) • 3.03 Acres
      8901 Pleasant Vly Rd, Independence, OH 44131-5508
      View Details
    • Value Estimation
      $335,000
      16,760 SF

      4701 Spg Rd

      MANUFACTURING (LIGHT) • 16,760 SF
      4701 Spg Rd, Brooklyn Heights, OH 44131-1025
      View Details
    • Value Estimation
      $615,000
      31,216 SF

      4689 Spg Rd

      MANUFACTURING (LIGHT) • 31,216 SF
      4689 Spg Rd, Brooklyn Heights, OH 44131-1021
      View Details
    • Value Estimation by Request
      23,692 SF

      4545 Spg Rd

      MANUFACTURING (LIGHT) • 23,692 SF
      4545 Spg Rd, Brooklyn Heights, OH 44131-1023
      View Details

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    7728 Commerce Park Oval
    Independence, OH 44131-2306
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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