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Property profile & analytics
OFF-MARKET
Estimated value
$4,455,000
Warehouses
8113 Columbia Rd 8197 Olmsted Falls, OH 44138-2023
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-0145553
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1986
Construction
TYPE NOT SPECIFIED
Total area
42,004 SF
Lot
3.17 ac (138,085 SF)
Zoning code
C-3
APN
281-23-011
UPID
US66-0145553
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
$4.67M
CAP Approach
CAP
$3.83M
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$4.46M
Owner & transaction history
Minnesota Life Insurance Company · 3 yrs held
Minnesota Life Insurance Company
since 2023
Last sale
$4.7M
6 recorded transactions
Zoning & alternative use
C-3 · Olmsted Falls, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.1M
+229.4%
Office building
$6.8M
+215.8%
Apartment house (5+ units)
$4.9M
+126.5%
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 Olmsted Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Olmsted Falls 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
$4,390,000
ML approach
$4,670,000
CAP Approach
CAP Return
Estimation
6%
$4,145,000
6.5%
$3,825,000
7%
$3,555,000
Alternative Use
Use
Estimation
RESTAURANT
$7,085,000
Change: +229% · Conversion: Difficult
OFFICE BUILDING
$6,795,000
Change: +216% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,870,000
Change: +127% · Conversion: Difficult
MEDICAL BUILDING
$4,565,000
Change: +112% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,255,000
Change: +98% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,735,000
Change: +74% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,480,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$4.46M
Range $4.01M – $4.90M · ±10% · vs last sale $4.70M (Jun 22 2023)
Last sale anchor
$4.70M
Jun 22 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
$106 / 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
$139,986
Tax year 2023
Assessed value
$1,564,570
Assessed 2023
Previous assessed
$1,564,570
+0.0% YoY
Effective rate
8.95%
On assessed value
Assessed land
$338,310
Assessed improvement
$1,226,260
Land market value
$966,600
Improvement market value
$3,503,600
Total market value
$4,470,200
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
42,004 SF
Lot
3.17 ac (138,085 SF)
Zoning code
C-3
APN
281-23-011
UPID
US66-0145553
Jurisdiction
CUYAHOGA
Zoning & alternative use
C-3 · Olmsted Falls, OH
Zoning C-3 · permitted uses
C-3 · Olmsted Falls, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Olmsted Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$7.1M
OFFICE BUILDING
Est. value
$6.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.5M
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1986
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
3.17 ac
Current owner
From public records · entity-resolved
Minnesota Life Insurance Company
Entity
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
Jun 22, 2023
—
Minnesota Life Insurance Company
Mill River Condomunium Unit Owners
Ground Lease
related
$3,400,000 · Minnesota Life Insurance Company
Oct 3, 2008
—
Olmsted Falls Acquisition Co L
One Olmsted Falls Co LLC
Quit Claim Deed
related
—
Apr 18, 2008
—
One Olmsted Falls Co LLC
—
Deed Of Trust
related
$6,450,000 · Huntington National Bank
Jun 9, 2006
$4,700,000
One Olmsted Falls Co LLC
Mill River Associates
Grant Deed
$6,440,000 · Integra Bank Pittsburgh
—
—
Mill River Plaza Ltd
—
Loan Modification
related
$3,000,000 · Thrivent Financial For Luthera
—
—
Mill River Plaza Ltd
—
Deed Of Trust
related
$5,225,000 · Thrivent Financial For Luthera
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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