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Property profile & analytics
OFF-MARKET
Retail space
8611 Rdg Rd 8715 North Royalton, OH 44133-1858
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US66-6196077
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1955
Construction
TYPE NOT SPECIFIED
Total area
6,779 SF
Lot
0.48 ac (20,728 SF)
Zoning code
LB
APN
489-01-014
UPID
US66-6196077
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Reserve One Properties LLC · 20 yrs held
Reserve One Properties LLC
since 2006
3 recorded transactions
Zoning & alternative use
LB · North Royalton, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide Local Business Districts to serve the needs for convenience goods in proximity to the immediate neighborhood which do not attract large volumes of traffic
Zone name
Local Business
General category
COMMERCIAL
Zone area
185.00 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,095
Tax year 2023
Assessed value
$152,460
Assessed 2023
Previous assessed
$152,460
+0.0% YoY
Effective rate
7.28%
On assessed value
Assessed land
$36,260
Assessed improvement
$116,200
Land market value
$103,600
Improvement market value
$332,000
Total market value
$435,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1955
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
7
Bathrooms
3
Total area
6,779 SF
Lot
0.48 ac (20,728 SF)
Zoning code
LB
APN
489-01-014
UPID
US66-6196077
Jurisdiction
CUYAHOGA
Zoning & alternative use
LB · North Royalton, OHZoning LB · permitted uses
LB · North Royalton, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide Local Business Districts to serve the needs for convenience goods in proximity to the immediate neighborhood which do not attract large volumes of traffic
Zone name
Local Business
General category
COMMERCIAL
Zone area
185.00 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1955
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
3
Lot
0.48 ac
Current owner
From public records · entity-resolved
Reserve One Properties LLC
Entity
Mailing address
10691 SHERWOOD TRL, NORTH ROYALTON, OH 44133-1979
Ownership since
2006
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 12, 2006
$480,000
Reserve One Properties LLC
Blue Jay Of Ohio LLC
Warranty Deed
$240,000 · Blue Jay Of Ohio LLC
May 28, 2003
—
Bluejay Ohio LLC
Loder,tr
Grant Deed
related
—
—
—
Reserve One Properties LLC
—
Deed Of Trust
related
$250,000 · First Nat'l Bk/pa
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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