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    Property profile & analytics

    Chagrin Blvd Beachwood, OH 44122

    • Garden apartment buildings
    • 0.04 lot acres
    OFF-MARKET
    Last Sale
    Sep 01, 2023
    Value Estimations
    $230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3522745
    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.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for Chagrin Blvd

    Lot size
    0.04 lot acres
    Zone code
    U-3
    Property type
    Garden apartment buildings
    APN
    742-14-033
    APU
    74214033

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $230,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Beachwood
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5155
    Latitude
    41.465
    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
    $298
    $3,610
    $0.00
    $3,610
    -
    $10,300
    $0.00
    $10,300

    Comparable in this City

    • Value Estimation by Request
      1,243 SF

      19901 Van Aken Blvd, Unit 11

      GARDEN APT, COURT APT (5+ UNITS) • 1,243 SF
      19901 Van Aken Blvd, Shaker Heights, OH 44122-3626
      View Details
    • Value Estimation
      $260,000
      0.89 Acres

      4095 Warrensville Ctr Rd

      GARDEN APT, COURT APT (5+ UNITS) • 0.89 Acres
      4095 Warrensville Ctr Rd, Highland Hills, OH 44122-7047
      View Details
    • Value Estimation
      $195,000
      0.24 Acres

      20550 University Blvd

      GARDEN APT, COURT APT (5+ UNITS) • 0.24 Acres
      20550 University Blvd, Shaker Heights, OH 44122-1952
      View Details
    • Value Estimation
      $190,000
      0.37 Acres

      27629 Chagrin Blvd

      GARDEN APT, COURT APT (5+ UNITS) • 0.37 Acres
      27629 Chagrin Blvd, Woodmere, OH 44122-4477
      View Details
    • Value Estimation
      $270,000
      1,092 SF

      19901 Van Aken Blvd, Unit 6

      GARDEN APT, COURT APT (5+ UNITS) • 1,092 SF
      19901 Van Aken Blvd, Shaker Heights, OH 44122-3630
      View Details
    • Value Estimation
      $190,000
      0.17 Acres

      3536 Tolland Rd

      APARTMENT HOUSE (5+ UNITS) • 0.17 Acres
      3536 Tolland Rd, Shaker Heights, OH 44122-5174
      View Details

    Similar Nearby for Sale

    • $86,000
      1,594 SF

      Spacious 3-Bedroom Ranch Condo

      Rare 3-bedroom condo with modern updates and included in-unit laundry.
      19015 Van Aken Blvd, Shaker Heights, OH 44122
      View Details
    • $239,900
      3,870 SF

      Shaker Heights Multifamily Opportunity

      Three-story duplex with six bedrooms and sunporches in Shaker Heights.
      18416 Winslow Rd, Shaker Heights, OH 44122
      View Details
    • New
      $339,900
      0.13 Acres

      Shaker Heights Triplex Opportunity

      Cash flowing Shaker Heights triplex, perfect for owner occupant.
      3557 Lynnfield Rd, Shaker Heights, OH 44122
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    • $239,900
      3,870 SF

      Shaker Heights Three-Story Duplex

      Classic Shaker Heights duplex with six bedrooms and sunporches.
      18416 Winslow Rd, Shaker Heights, OH 44122
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    • Contact for pricing
      31.00 Acres

      Chagrin Highlands Development Site

      31-Acre Mixed-Use Land in Highland Hills, OH
      0 Millcreek Blvd, Highland Hills, OH 44122
      View Details
    • $2,000,000
      20,695 SF

      Beachwood Freestanding Office Building

      20,000 SF office building convertible to other uses.
      23905 Mercantile Rd, Beachwood, OH 44122
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      3,200 SF

      Flex Space in Commerce Park

      Flex space available for lease in Beachwood's Mercantile Park.
      23632 Mercantile Rd | Beachwood, Beachwood, OH 44122
      View Details
    • $27 SF/Yr
      1,628 SF

      Office Space Near Shopping Centers

      Office spaces available near Chagrin Blvd and shopping centers.
      26949 Chagrin Blvd, Beachwood, OH 44122
      View Details
    • $20 SF/Yr
      1,752 SF

      Beachwood Office Space For Rent

      Office space for rent with easy highway access.
      23240 Chagrin Blvd, Beachwood, OH 44122
      View Details
    • $14 SF/Yr
      12,000 SF

      Office Building on Chagrin Boulevard

      Office space for rent near restaurants and shopping.
      23980 N Chagrin Blvd | Beachwood, Beachwood, OH 44122
      View Details
    • $16 SF/Yr
      24,844 SF

      Beachwood Office Space For Rent

      Office space for lease in Beachwood's Commerce Park district.
      23625 Commerce Park, Beachwood, OH 44122
      View Details
    • $15 SF/Yr
      24,000 SF

      Beachwood Flex Space For Rent

      Flex space in Beachwood, Ohio, with excellent highway access.
      23350 Mercantile Rd, Beachwood, OH 44122
      View Details
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    Chagrin Blvd
    Beachwood, OH 44122
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    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
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