Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Broadway Ave Garfield Heights, OH 44125
    Back to Search
    Property profile & analytics

    Broadway Ave, Garfield Heights, OH 44125

    View on Map
    • Commercial land
    • 0.09 lot acres
    Off-Market
    Last Sale Sep 17, 2021
    $85,000
    Property ID
    US66-4196896
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for Broadway Ave

    Lot size
    0.09 lot acres
    Zone code
    U-4
    Property type
    Commercial land
    APN
    546-06-013
    APU
    54606013

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 17, 2021 $85,000 Kcfr Propertiesllc Mike Michael Warranty Deed —
    Oct 8, 2019 — Carl Bartolone Gino Bartolone Quit Claim Deed · related —
    Sep 14, 2016 $3,924 Gino Bartolone Ocwen Ln Servicing LLC Grant Deed —
    Mar 10, 2016 $4,000 Ocwen Ln Servicing LLC Chief Deputy Sheriff Of Cuyahoga|merryman,michael Trustees Deed · related —
    Mar 22, 2005 $2,000 City Of Garfield Heights Merryman,michael B Warranty Deed · related —
    Jul 12, 2001 $105,000 Michael B Merryman Four Barts Ltd Grant Deed $103k · Real Estate Mortgage INC
    Nov 3, 1999 — Four Barts Ltd Plocharski,joseph & Anna Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Garfield Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5934
    Latitude
    41.4297
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $475
    $3,080
    $0.00
    $3,080
    -
    $8,800
    $0.00
    $8,800

    Comparable in this City

    • Value Estimation by Request
      16.04 Acres

      Transportation Blvd

      VACANT COMMERCIAL LAND
      Transportation Blvd, Garfield Heights, OH 44125
      View Details
    • Value Estimation by Request
      14.13 Acres

      Transportation Blvd

      VACANT COMMERCIAL LAND
      Transportation Blvd, Garfield Heights, OH 44125
      View Details
    • Value Estimation by Request
      6.40 Acres

      Canal Rd

      VACANT COMMERCIAL LAND
      Canal Rd, Valley View, OH 44125
      View Details
    • Value Estimation by Request
      0.38 Acres

      Broadway Ave

      VACANT COMMERCIAL LAND
      Broadway Ave, Garfield Heights, OH 44125
      View Details
    • Value Estimation by Request
      0.09 Acres

      Broadway Ave

      VACANT COMMERCIAL LAND
      Broadway Ave, Garfield Heights, OH 44125
      View Details
    • Value Estimation by Request
      0.30 Acres

      14203 Broadway Ave

      VACANT COMMERCIAL LAND
      14203 Broadway Ave, Garfield Heights, OH 44125-1953
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Garfield Heights Commercial Land Available

      30+ acres of commercially zoned land in Garfield Heights.
      Transportion, Garfield Heights, OH 44125
      View Details
    • Contact for pricing

      Versatile Land Parcel for Sale

      Large, EPA-approved parcel suitable for various commercial and industrial uses.
      5000 Warner Rd, Garfield Heights, OH 44125
      View Details
    • Contact for pricing

      Valley View Commercial Land Available

      Commercial land with easy highway access near Cleveland.
      5686 Heinton Rd, Valley View, OH 44125
      View Details
    • Contact for pricing

      Land For Sale Garfield Heights

      Located at I-77/I-480 in Garfield Heights.
      10500 Antenucci Blvd, Garfield Heights, OH 44125
      View Details
    • Contact for pricing

      Improved Land Parcel For Sale

      High-profile land with central location and economic incentives.
      5520 Cloverleaf Pkwy, Valley View, OH 44125
      View Details
    • Contact for pricing

      Valley View Land for Sale

      Three fully improved land sites near I-77 and I-480.
      3 Westchester Ave, Valley View, OH 44125
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Garfield Heights Business Park Land

      Land available in a redeveloped business park near highways.
      5642 Vista Way, Garfield Heights, OH 44125
      View Details
    • Contact for pricing

      Turney Road Office Suites Available

      Office suites for lease, utilities included, Garfield Heights, OH.
      5706 Turney Rd, Garfield Heights, OH 44125
      View Details
    • Contact for pricing

      Southside Corporate Centre Office Space

      Centrally located office, medical, or lab space for lease.
      5595 Transportation Blvd, Garfield Heights, OH 44125
      View Details
    • Contact for pricing
      15,004 SF

      Office Warehouse Complex For Lease

      Office and warehouse complex with docks and drive-in door.
      7700 Hub Pwky, Valley View, OH 44125
      View Details
    • Contact for pricing
      9,340 SF

      Valley View Flex/Industrial Space

      Flex/Industrial space with high visibility and convenient highway access.
      8001 Sweet Valley Dr, Valley View, OH 44125
      View Details
    • Contact for pricing
      10,647 SF

      Office Space in Highland Park

      Office space for lease in Garfield Heights, Ohio.
      5744 Transportation Way, Garfield Heights, OH 44125
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Broadway Ave
    Garfield Heights, OH 44125
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Broadway Ave, Garfield Heights, OH, 44125
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!