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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Office buildings
9797 Midwest Ave Garfield Heights, OH 44125-2424
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-1131112
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Construction
TYPE NOT SPECIFIED
Total area
2,100 SF
Lot
1.98 ac (86,122 SF)
Zoning code
U-11B
APN
542-18-026
UPID
US66-1131112
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
$1.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.33M
Owner & transaction history
Linn Station 001 LLC · 5 yrs held
Linn Station 001 LLC
since 2020
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
U-11B · Garfield Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Garfield Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garfield Heights 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
$1,525,000
ML approach
$1,575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10% · vs last sale $1.28M (Jul 20 2020)
Last sale anchor
$1.28M
Jul 20 2020
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
$633 / 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
$51,383
Tax year 2023
Assessed value
$446,250
Assessed 2023
Previous assessed
$406,250
+9.8% YoY
Effective rate
11.51%
On assessed value
Assessed land
$38,080
Assessed improvement
$408,170
Land market value
$108,800
Improvement market value
$1,166,200
Total market value
$1,275,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1964
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
2,100 SF
Lot
1.98 ac (86,122 SF)
Zoning code
U-11B
APN
542-18-026
UPID
US66-1131112
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-11B · Garfield Heights, OH
Zoning U-11B · permitted uses
U-11B · Garfield Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Garfield Heights. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
1.98 ac
Current owner
From public records · entity-resolved
Linn Station 001 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5655 HAWTHORN CT, MASON, OH 45040-5649
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2020
$1,275,000
Linn Station 001 LLC
9797 Midwest LLC
Grant Deed
—
Aug 18, 2017
$1,212,500
9797 Midwest LLC
Barbstan Partners Ltd
Grant Deed
$909,375 · First Fed'l S&l/lakewood
Dec 11, 2006
—
Barbstan Partners Ltd
Franklin,stanley F
Warranty Deed
related
—
Oct 27, 2006
—
Stanley F Franklin
Minnie S Franklin Credit Shelt
Quit Claim Deed
related
—
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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