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Property profile & analytics
OFF-MARKET
Estimated value
$21,475,000
Showrooms
8685 Independence Pkwy, Twinsburg, OH 44087-1971
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-5326608
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2016
Total area
254,828 SF
Lot
15.41 ac (671,129 SF)
APN
64-09589
UPID
US66-5326608
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
$22.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.63M
Blend (final)
Blend
$21.48M
Owner & transaction history
Grand Concourse Davidson Associates · 2 yrs held
Grand Concourse Davidson Associates
since 2024
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$28.4M
+38.3%
Auto repair, garage
$25.3M
+23.5%
Medical building
$23.9M
+16.3%
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 Twinsburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Twinsburg 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
$22,900,000
ML approach
$22,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$20,515,000
Current use
RESTAURANT
$28,380,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$25,345,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$23,865,000
Change: +16% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$23,820,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$18,245,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$21.48M
Range $19.33M – $23.62M · ±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
$84 / 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
$255,801
Tax year 2023
Assessed value
$3,962,880
Assessed 2023
Previous assessed
$3,962,880
+0.0% YoY
Effective rate
6.45%
On assessed value
Assessed land
$808,850
Assessed improvement
$3,154,030
Land market value
$2,311,010
Improvement market value
$9,011,500
Total market value
$11,322,510
Applied tax rate
64.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
2016
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Total area
254,828 SF
Lot
15.41 ac (671,129 SF)
APN
64-09589
UPID
US66-5326608
Jurisdiction
SUMMIT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$20.5M
RESTAURANT
Est. value
$28.4M
AUTO REPAIR, GARAGE
Est. value
$25.3M
MEDICAL BUILDING
Est. value
$23.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$23.8M
OFFICE BUILDING
Est. value
$18.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
2016
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
15.41 ac
Current owner
From public records · entity-resolved
Grand Concourse Davidson Associates
Entity
Free & Clear · 2 yrs held
Mailing address
1430 BROADWAY RM #903, NEW YORK, NY 10018-9208
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
$22,900,000
Grand Concourse Davidson Associates
Omega Paragon Twinsburg LLC
Limited Warranty 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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