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Property profile & analytics
OFF-MARKET
Warehouses
7901 Old Rockside Rd Independence, OH 44131-2312
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US66-0081538
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1961
Construction
TYPE NOT SPECIFIED
Total area
17,500 SF
Lot
1.14 ac (49,779 SF)
Zoning code
U-6
APN
561-16-020
UPID
US66-0081538
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Olde Rockside Properties · 22 yrs held
Olde Rockside Properties
since 2003
4 recorded transactions
Zoning & alternative use
U-6 · Independence, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,517
Tax year 2023
Assessed value
$136,050
Assessed 2023
Previous assessed
$136,050
+0.0% YoY
Effective rate
6.26%
On assessed value
Assessed land
$30,800
Assessed improvement
$105,250
Land market value
$88,000
Improvement market value
$300,700
Total market value
$388,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1961
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
NONE
Stories
1
Bathrooms
2
Total area
17,500 SF
Lot
1.14 ac (49,779 SF)
Zoning code
U-6
APN
561-16-020
UPID
US66-0081538
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-6 · Independence, OH
Zoning U-6 · permitted uses
U-6 · Independence, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Independence. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.14 ac
Current owner
From public records · entity-resolved
Olde Rockside Properties
Entity
Mailing address
7901 OLD ROCKSIDE RD, INDEPENDENCE, OH 44131-2312
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
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
Aug 12, 2003
$550,000
Olde Rockside Properties
7901 Old Rockside Ltd
Grant Deed
$440,000 · Key Bank NA
Aug 12, 2003
—
7901 Oid Rockside Ltd
Redmond,homer E & Myron P
Quit Claim Deed
related
—
Sep 24, 1997
—
7901 Old Rockside Limited
Redmond,homer E
Grant Deed
related
—
—
—
Olde Rockside Properties LLC
—
Deed Of Trust
related
$250,000 · Keybank USA
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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