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Property profile & analytics
OFF-MARKET
Commercial land
Falling Water Rd Strongsville, OH 44136
Individually Owned
21-yr Hold
~
Est. High Equity
Property ID
US66-0874660
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
5.27 ac (229,353 SF)
Zoning code
SC
APN
396-14-015
UPID
US66-0874660
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
Falling Waters Strongsville · 21 yrs held
Falling Waters Strongsville
since 2005
6 recorded transactions
Zoning & alternative use
SC · Strongsville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Buildings and land shall be used and buildings shall be designed, erected, altered, moved or maintained in whole or in part in Shopping Center Districts
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
208.91 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 Strongsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Strongsville 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
$15,154
Tax year 2023
Assessed value
$185,470
Assessed 2023
Previous assessed
$185,470
+0.0% YoY
Effective rate
8.17%
On assessed value
Assessed land
$185,470
Land market value
$529,900
Total market value
$529,900
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
5.27 ac (229,353 SF)
Zoning code
SC
APN
396-14-015
UPID
US66-0874660
Jurisdiction
CUYAHOGA
Zoning & alternative use
SC · Strongsville, OHZoning SC · permitted uses
SC · Strongsville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Buildings and land shall be used and buildings shall be designed, erected, altered, moved or maintained in whole or in part in Shopping Center Districts
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
208.91 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
5.27 ac
Current owner
From public records · entity-resolved
Falling Waters Strongsville
Individual
Mailing address
PO BOX 33572, NORTH ROYALTON, OH 44133-0572
Ownership since
2005
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
May 23, 2019
—
Jajas Properties LLC
—
Deed
related
$847,000 · Growth Cap
May 23, 2005
—
Falling Waters Strongsville
Strongsville Falling Waters
Quit Claim Deed
related
—
—
—
Jajas Properties LLC
—
Deed Of Trust
related
$847,000 · Growth Cap
—
—
Falling Waters Strongsville II
—
Deed Of Trust
related
$500,000 · Firstmerit Bank NA
—
—
Falling Waters I Strongsville
—
Deed Of Trust
related
$500,000 · Firstmerit Bank NA
—
—
Falling Waters Strongsville
—
Deed Of Trust
related
$2,040,000 · Column Financial INC
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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