Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,190,000
Hotels
Central Pkwy Beachwood, OH 44122
Entity Owned
7-yr Hold
Free & Clear
Property ID
US66-0877480
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Construction
TYPE NOT SPECIFIED
Total area
107,545 SF
Lot
4.2 ac (182,821 SF)
Zoning code
U-9
APN
742-19-013
UPID
US66-0877480
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
$8.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.19M
Owner & transaction history
Beachwood Land III LLC · 7 yrs held
Beachwood Land III LLC
since 2019
6 recorded transactions
Zoning & alternative use
U-9 · Beachwood, 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 Beachwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beachwood 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,990,000
6.5%
$8,300,000
7%
$7,705,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$9,570,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$6.19M
Range $5.57M – $6.81M · ±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
$58 / 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
$275,669
Tax year 2023
Assessed value
$3,438,960
Assessed 2023
Previous assessed
$3,438,960
+0.0% YoY
Effective rate
8.02%
On assessed value
Assessed land
$543,900
Assessed improvement
$2,895,060
Land market value
$1,554,000
Improvement market value
$8,271,600
Total market value
$9,825,600
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
YES
Buildings
2
Stories
6
Units
125
Total area
107,545 SF
Lot
4.2 ac (182,821 SF)
Zoning code
U-9
APN
742-19-013
UPID
US66-0877480
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-9 · Beachwood, OH
Zoning U-9 · permitted uses
U-9 · Beachwood, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Beachwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$9.6M
AUTO REPAIR, GARAGE
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
2008
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
6
Buildings
2
Units
125
Lot
4.2 ac
Current owner
From public records · entity-resolved
Beachwood Land III LLC
Entity
Free & Clear · 7 yrs held
Mailing address
7978 COOPER CRK BLVD #100, UNIVERSITY PARK, FL 34201-2139
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2019
$45,533
Beachwood Land III LLC
Blend-all Hotel Dev INC
Grant Deed
—
Mar 5, 2015
—
Beachwood Land III LLC
Benderson 15-1 Trust
Grant Deed
related
—
Nov 4, 2010
$274,300
Beachwood Land LLC
Benderson 85-1 Trust
Warranty Deed
—
Oct 29, 2010
$102,417
Beachwood Land LLC
Benderson 85-1 Trust
Warranty Deed
—
Oct 29, 2010
$59,085
Blend-all Hotel Dev INC
Benderson 85-1 Trust
Warranty Deed
—
Nov 18, 2005
$1,764,000
Central Hummer East Ltd
Porter Frank H Trust
Grant 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Central Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
