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Property profile & analytics
OFF-MARKET
Estimated value
$2,340,000
Medical Office Space
805 Columbia Rd Westlake, OH 44145-1487
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-0885844
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1989
Construction
TYPE NOT SPECIFIED
Total area
15,870 SF
Lot
2 ac (87,120 SF)
Zoning code
IS
APN
213-08-008
UPID
US66-0885844
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
$2.17M
CAP Approach
CAP
$2.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.34M
Owner & transaction history
Chct Ohio LLC · 2 yrs held
Chct Ohio LLC
since 2023
Last sale
$2.4M
2 recorded transactions
Zoning & alternative use
IS · Westlake, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Interchange Services Districts is intended to promote convenient areas directly related to the freeway interchanges to serve the needs of through and local motorists.
Zone name
Interchange Services
General category
UNKNOWN
Zone area
141.32 ac
Source
Realmo
Top alternative use upside
Restaurant
$2.7M
+55.2%
Office building
$2.3M
+31.7%
Apartment house (5+ units)
$1.8M
+1.7%
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 Westlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westlake 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
$2,265,000
ML approach
$2,170,000
CAP Approach
CAP Return
Estimation
6%
$2,630,000
6.5%
$2,425,000
7%
$2,255,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,725,000
Current use
RESTAURANT
$2,675,000
Change: +55% · Conversion: Difficult
OFFICE BUILDING
$2,270,000
Change: +32% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,755,000
Change: +2% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,610,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,410,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.34M
Range $2.11M – $2.57M · ±10% · vs last sale $2.43M (Sep 1 2023)
Last sale anchor
$2.43M
Sep 1 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
$147 / 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
$32,349
Tax year 2023
Assessed value
$466,340
Assessed 2023
Previous assessed
$466,340
+0.0% YoY
Effective rate
6.94%
On assessed value
Assessed land
$207,340
Assessed improvement
$259,000
Land market value
$592,400
Improvement market value
$740,000
Total market value
$1,332,400
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
1989
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
15,870 SF
Lot
2 ac (87,120 SF)
Zoning code
IS
APN
213-08-008
UPID
US66-0885844
Jurisdiction
CUYAHOGA
Zoning & alternative use
IS · Westlake, OHZoning IS · permitted uses
IS · Westlake, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Interchange Services Districts is intended to promote convenient areas directly related to the freeway interchanges to serve the needs of through and local motorists.
Zone name
Interchange Services
General category
UNKNOWN
Zone area
141.32 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.7M
RESTAURANT
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING Current
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1989
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
Chct Ohio LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3326 ASPEN GRV DR STE #150, FRANKLIN, TN 37067-2870
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
$2,425,000
Chct Ohio LLC
Columbia Westlake LLC
Limited Warranty Deed
—
Feb 9, 2015
$1,000,000
Columbia Westlake LLC
Clinic Medical Solutions INC
Grant Deed
$750,000 · Fifth Third Bk
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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