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Property profile & analytics
OFF-MARKET
Estimated value
$1,535,000
Commercial land
Boston Rd Broadview Heights, OH 44147
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-4119658
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
15.11 ac (658,387 SF)
Zoning code
C-2
APN
585-23-002
UPID
US66-4119658
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
$1.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.54M
Owner & transaction history
Furb Development LLC · 2 yrs held
Furb Development LLC
since 2023
Last sale
$1.6M
2 recorded transactions
Zoning & alternative use
C-2 · Broadview Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the C-2 General Commercial District is to provide for the need to allow certain commercial uses which either generate relatively high traffic volumes, which require large land areas and/or which may not be permitted elsewhere, in centrally-located areas of the city along major arterial highways, provided they do not interfere with or detract f…
Zone name
Commercial General
General category
COMMERCIAL
Zone area
45.21 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 Broadview Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Broadview 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
$1,445,000
ML approach
$1,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.54M
Range $1.38M – $1.69M · ±10% · vs last sale $1.55M (Aug 16 2023)
Last sale anchor
$1.55M
Aug 16 2023
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
—
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
$35,453
Tax year 2023
Assessed value
$465,500
Assessed 2023
Previous assessed
$465,500
+0.0% YoY
Effective rate
7.62%
On assessed value
Assessed land
$465,500
Land market value
$1,330,000
Total market value
$1,330,000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
15.11 ac (658,387 SF)
Zoning code
C-2
APN
585-23-002
UPID
US66-4119658
Jurisdiction
CUYAHOGA
Zoning & alternative use
C-2 · Broadview Heights, OHZoning C-2 · permitted uses
C-2 · Broadview Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the C-2 General Commercial District is to provide for the need to allow certain commercial uses which either generate relatively high traffic volumes, which require large land areas and/or which may not be permitted elsewhere, in centrally-located areas of the city along major arterial highways, provided they do not interfere with or detract from the citys residential neighborhoods
Zone name
Commercial General
General category
COMMERCIAL
Zone area
45.21 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
15.11 ac
Current owner
From public records · entity-resolved
Furb Development LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4223 CRECKSVILLE RD, RICHFIELD, OH 44286
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2023
$1,550,000
Furb Development LLC
Macintosh Land Company LP
Limited Warranty Deed
—
Jul 26, 2001
$11,585,100
Macintosh Land Co LP
—
Grant 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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