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Property profile & analytics
OFF-MARKET
Commercial land
Ctr Rdg Rd Westlake, OH 44145
Individually Owned
15-yr Hold
Free & Clear
Property ID
US66-3657207
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.11 ac (48,513 SF)
Zoning code
AP
APN
217-16-003
UPID
US66-3657207
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bradcent Ltd · 15 yrs held
Bradcent Ltd
since 2010
1 recorded transaction
Zoning & alternative use
AP · Westlake, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Automobile Parking Districts and their regulations are established in order to promote the general convenience, welfare and prosperity of the community and to promote the most desirable use of land in accordance with a well-considered plan and to stabilize and enhance property values.
Zone name
Automobile Parking
General category
OPEN_SPACE
Zone area
37.16 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 Westlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westlake 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$1,168
Tax year 2023
Assessed value
$16,840
Assessed 2023
Previous assessed
$16,840
+0.0% YoY
Effective rate
6.94%
On assessed value
Assessed land
$16,840
Land market value
$48,100
Total market value
$48,100
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
1.11 ac (48,513 SF)
Zoning code
AP
APN
217-16-003
UPID
US66-3657207
Jurisdiction
CUYAHOGA
Zoning & alternative use
AP · Westlake, OHZoning AP · permitted uses
AP · Westlake, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Automobile Parking Districts and their regulations are established in order to promote the general convenience, welfare and prosperity of the community and to promote the most desirable use of land in accordance with a well-considered plan and to stabilize and enhance property values.
Zone name
Automobile Parking
General category
OPEN_SPACE
Zone area
37.16 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
1.11 ac
Current owner
From public records · entity-resolved
Bradcent Ltd
Individual
Free & Clear · 15 yrs held
Mailing address
31405 HILLIARD BLVD, WESTLAKE, OH 44145-3737
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2010
$532,780
Bradcent Ltd
Wagners Country Corner INC
Warranty 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.
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