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Property profile & analytics
OFF-MARKET
Estimated value
$4,420,000
Warehouses
8006 Katherine Blvd Brecksville, OH 44141-4202
Entity Owned
12-yr Hold
Free & Clear
Property ID
US66-4516925
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2014
Construction
TYPE NOT SPECIFIED
Total area
59,656 SF
Lot
26.29 ac (1,144,975 SF)
Zoning code
O-L
APN
604-14-019
UPID
US66-4516925
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
$4.58M
Comparable Approach
Comparable
$4.72M
Blend (final)
Blend
$4.42M
Owner & transaction history
Hemingway Dev LLC · 12 yrs held
Hemingway Dev LLC
since 2013
3 recorded transactions
Zoning & alternative use
O-L · Brecksville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.5M
+112.2%
Neighborhood: shopping center
$6.0M
+97.8%
Auto repair, garage
$5.3M
+73.7%
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 Brecksville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brecksville 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%
$4,960,000
6.5%
$4,580,000
7%
$4,250,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,055,000
Current use
MEDICAL BUILDING
$6,480,000
Change: +112% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,045,000
Change: +98% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,310,000
Change: +74% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,945,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,415,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$4.42M
Range $3.98M – $4.86M · ±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
$74 / 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
$186,492
Tax year 2023
Assessed value
$2,275,010
Assessed 2023
Previous assessed
$2,275,010
+0.0% YoY
Effective rate
8.20%
On assessed value
Assessed land
$476,390
Assessed improvement
$1,798,620
Land market value
$1,361,100
Improvement market value
$5,138,900
Total market value
$6,500,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2014
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
59,656 SF
Lot
26.29 ac (1,144,975 SF)
Zoning code
O-L
APN
604-14-019
UPID
US66-4516925
Jurisdiction
CUYAHOGA
Zoning & alternative use
O-L · Brecksville, OH
Zoning O-L · permitted uses
O-L · Brecksville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brecksville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$6.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2014
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
26.29 ac
Current owner
From public records · entity-resolved
Hemingway Dev LLC
Entity
Free & Clear · 12 yrs held
Mailing address
8000 KATHERINE BLVD, BRECKSVILLE, OH 44141-4202
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2013
$840,350
Hemingway Dev LLC
Weaver Farms Dev LLC
Grant Deed
—
Nov 26, 2013
—
City Of Brecksville
Weaver Farms Dev LLC
Warranty Deed
related
—
—
—
Reiner LLC
—
Deed Of Trust
related
$3,880,000 · Charter One
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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