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    Property profile & analytics

    8308 Hillside Rd Independence, OH 44131

    • Parking lots & garages
    • 1,086 SF
    • 2.97 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 07, 2023
    Location Intelligence
    Property ID
    US66-1385815
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 8308 Hillside Rd

    Year built
    1955
    Lot size
    2.97 lot acres
    Property size
    1,086 SF
    Zone code
    U-1
    Property type
    Parking lots & garages
    APN
    564-07-008
    APU
    56407008

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6268
    Latitude
    41.3675
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,103
    $18,550
    $1,930
    $20,480
    -
    $53,000
    $5,500
    $58,500

    Comparable in this City

    • Value Estimation
      $130,000
      3,635 SF

      8311 Hillside Rd

      RESIDENTIAL PARKING GARAGE • 3,635 SF
      8311 Hillside Rd, Independence, OH 44131-5416
      View Details
    • Value Estimation by Request
      1.42 Acres

      Chestnut Rd

      RESIDENTIAL PARKING GARAGE • 1.42 Acres
      Chestnut Rd, Seven Hills, OH 44131
      View Details
    • Value Estimation by Request
      1,833 SF

      6581 2nd St

      RESIDENTIAL PARKING GARAGE • 1,833 SF
      6581 2nd St, Independence, OH 44131
      View Details
    • Value Estimation
      $260,000
      0.75 Acres

      Aster Dr

      RESIDENTIAL PARKING GARAGE • 0.75 Acres
      Aster Dr, Independence, OH 44131
      View Details
    • Value Estimation by Request
      0.19 Acres

      6405 Elmarge Dr

      RESIDENTIAL PARKING GARAGE • 0.19 Acres
      6405 Elmarge Dr, Independence, OH 44131-4917
      View Details
    • Value Estimation by Request
      0.16 Acres

      6701 Daisy Ave

      RESIDENTIAL PARKING GARAGE • 0.16 Acres
      6701 Daisy Ave, Independence, OH 44131-3356
      View Details

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      3.31 acre vacant lot to build your dream home.
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      Development Opportunity Near I-77

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    Similar Nearby for Lease

    • Contact for pricing
      2,800 SF

      Retail Space on Rockside Road

      Retail spaces available in Independence, Ohio near Rockside Road.
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    • $10 SF/Yr
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      10,725 SF Medical Office Available; Strong Co-Tenancy
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      Retail space available on Brookpark Road near Ridge Road.
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      Town & Country Retail Spaces

      Brooklyn Heights retail spaces available
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      Meijer In-Store Retail Space

      Seven Hills, OH Retail Opportunity
      7701 Broadview Rd, Seven Hills, OH 44131
      View Details
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    8308 Hillside Rd
    Independence, OH 44131
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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