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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Office buildings
8040 Corporate Cir 8050 North Royalton, OH 44133-1282
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-0400797
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Construction
TYPE NOT SPECIFIED
Total area
4,110 SF
Lot
0.13 ac (5,549 SF)
Zoning code
OB
APN
482-01-303
UPID
US66-0400797
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
$780k
CAP Approach
CAP
$920k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$830k
Owner & transaction history
Medicare Made Simple Properties LLC · 2 yrs held
Medicare Made Simple Properties LLC
since 2023
Last sale
$772,500
6 recorded transactions
Zoning & alternative use
OB · North Royalton, 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 North Royalton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Royalton 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
$910,000
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
$995,000
6.5%
$920,000
7%
$850,000
Blend value · Realmo final
$830k
Range $747k – $913k · ±10% · vs last sale $773k (Oct 2 2023)
Last sale anchor
$773k
Oct 2 2023
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
$202 / 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
$6,877
Tax year 2023
Assessed value
$94,500
Assessed 2023
Previous assessed
$94,500
+0.0% YoY
Effective rate
7.28%
On assessed value
Assessed land
$7,770
Assessed improvement
$86,730
Land market value
$22,200
Improvement market value
$247,800
Total market value
$270,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1991
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
4,110 SF
Lot
0.13 ac (5,549 SF)
Zoning code
OB
APN
482-01-303
UPID
US66-0400797
Jurisdiction
CUYAHOGA
Zoning & alternative use
OB · North Royalton, OH
Zoning OB · permitted uses
OB · North Royalton, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Royalton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Medicare Made Simple Properties LLC
Entity
Mailing address
8050 CORPORATE CIR STE #2, NORTH ROYALTON, OH 44133-1281
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2024
—
Medicare Made Simple Properties LLC
—
Deed
related
$100,000 · Rayl Insurance LLC
Oct 2, 2023
$772,500
Medicare Made Simple Properties LLC
Ccc Properties
Warranty Deed
$665,000 · Key Bank NA
Apr 28, 1997
—
Ccc Properties LLC
Ccc Properties
Quit Claim Deed
related
—
—
—
Ccc Properties LLC
—
Deed Of Trust
related
$191,769 · Park View Fsb
—
—
Ccc Properties LLC
—
Deed Of Trust
related
$300,000 · Park View Fsb
—
—
Ccc Properties LLC
—
Deed Of Trust
related
$210,000 · Park View Fsb
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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