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Property profile & analytics
OFF-MARKET
Estimated value
$9,485,000
Warehouses
8199 Pearl Rd Strongsville, OH 44136-1633
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1761064
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
TYPE NOT SPECIFIED
Total area
115,576 SF
Lot
21.2 ac (923,563 SF)
Zoning code
GB
APN
395-08-003
UPID
US66-1761064
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
$8.87M
Comparable Approach
Comparable
$9.92M
Blend (final)
Blend
$9.49M
Owner & transaction history
Nnn Strongsville Oh Owner LP · 8 yrs held
Nnn Strongsville Oh Owner LP
since 2018
3 recorded transactions
Zoning & alternative use
GB · Strongsville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.6M
+112.2%
Neighborhood: shopping center
$11.7M
+97.8%
Auto repair, garage
$10.3M
+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 Strongsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Strongsville 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%
$9,610,000
6.5%
$8,870,000
7%
$8,235,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,920,000
Current use
MEDICAL BUILDING
$12,560,000
Change: +112% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,710,000
Change: +98% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,285,000
Change: +74% · Conversion: Easy
COMMERCIAL (GENERAL)
$9,580,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,550,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$9.49M
Range $8.54M – $10.43M · ±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
$82 / 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
$261,950
Tax year 2023
Assessed value
$3,206,010
Assessed 2023
Previous assessed
$3,206,010
+0.0% YoY
Effective rate
8.17%
On assessed value
Assessed land
$1,422,300
Assessed improvement
$1,783,710
Land market value
$4,063,700
Improvement market value
$5,096,300
Total market value
$9,160,000
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
1995
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Rooms
6
Bathrooms
1
Total area
115,576 SF
Lot
21.2 ac (923,563 SF)
Zoning code
GB
APN
395-08-003
UPID
US66-1761064
Jurisdiction
CUYAHOGA
Zoning & alternative use
GB · Strongsville, OH
Zoning GB · permitted uses
GB · Strongsville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Strongsville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$12.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.7M
AUTO REPAIR, GARAGE
Est. value
$10.3M
COMMERCIAL (GENERAL)
Est. value
$9.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.6M
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
1995
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
6
Bathrooms
1
Lot
21.2 ac
Current owner
From public records · entity-resolved
Nnn Strongsville Oh Owner LP
Entity
Mailing address
5973 AVENIDA ENCINAS STE #301, CARLSBAD, CA 92008-4479
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Jun 26, 2018
$15,329,300
Nnn Strongsville Oh Owner LP
Hd Strongsville Portfolio LP
Grant Deed
related
$158,449,500 · Athene USA Corporation
Sep 25, 2003
$146,715
Strongsville Portfolio Hd
Tropicana Palms Ltd
Grant Deed
—
—
—
Strongville Portfolio LP Hd
—
Deed Of Trust
related
$37,600,000 · Jackson National Life Ins Co
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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