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Property profile & analytics
OFF-MARKET
Estimated value
$1,685,000
Specialty properties
8599 Alexandra Dr North Royalton, OH 44133-1036
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-1934045
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2002
Construction
WOOD
Total area
9,600 SF
Lot
2.84 ac (123,710 SF)
Zoning code
PUD
APN
481-03-055
UPID
US66-1934045
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
$1.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.69M
Owner & transaction history
United Alexandra Real Estate LLC · 3 yrs held
United Alexandra Real Estate LLC
since 2022
Last sale
$2.1M
3 recorded transactions
Zoning & alternative use
PUD · North Royalton, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+136.3%
Office building
$1.6M
+126.6%
Medical building
$1.0M
+52.2%
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
$1,570,000
ML approach
$1,755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,620,000
Change: +136% · Conversion: Difficult
OFFICE BUILDING
$1,555,000
Change: +127% · Conversion: Difficult
MEDICAL BUILDING
$1,045,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$1.69M
Range $1.52M – $1.85M · ±10% · vs last sale $2.05M (Aug 23 2022)
Last sale anchor
$2.05M
Aug 23 2022
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
$176 / 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
$52,215
Tax year 2023
Assessed value
$717,500
Assessed 2023
Previous assessed
$1,384,500
-48.2% YoY
Effective rate
7.28%
On assessed value
Assessed land
$194,460
Assessed improvement
$523,040
Land market value
$555,600
Improvement market value
$1,494,400
Total market value
$2,050,000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2002
Construction
WOOD
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
32
Total area
9,600 SF
Lot
2.84 ac (123,710 SF)
Zoning code
PUD
APN
481-03-055
UPID
US66-1934045
Jurisdiction
CUYAHOGA
Zoning & alternative use
PUD · North Royalton, OH
Zoning PUD · permitted uses
PUD · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.0M
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
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
2002
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
32
Lot
2.84 ac
Current owner
From public records · entity-resolved
United Alexandra Real Estate LLC
Entity
Free & Clear · 3 yrs held
Mailing address
8599 ALEXANDRA DR, NORTH ROYALTON, OH 44133-1036
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Aug 23, 2022
$2,050,000
United Alexandra Real Estate LLC
Grecian Garden Apartments LLC
Warranty Deed
—
Jun 13, 2014
—
Grecian Garden Apartments LLC
Athenian Community Center Ltd
Quit Claim Deed
related
$2,300,000 · First Fed'l S&l/lakewood
Sep 12, 2002
$170,200
Bonita Corcoran
Athenian Community Ltd
Grant Deed
—
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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