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Property profile & analytics
OFF-MARKET
Estimated value
$2,110,000
Commercial land
Franklin Park Blvd, Solon, OH 44139
Entity Owned
11-yr Hold
Free & Clear
Property ID
US66-4135585
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1968
Total area
13,550 SF
Lot
22.88 ac (996,652 SF)
Zoning code
C-3
APN
952-26-018
UPID
US66-4135585
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
$1.76M
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$2.11M
Owner & transaction history
Jay Realty LLC · 11 yrs held
Jay Realty LLC
since 2014
5 recorded transactions
Zoning & alternative use
C-3 · Solon, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+103.6%
Office building
$2.0M
+74.3%
Medical building
$1.5M
+31.1%
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 Solon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Solon 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%
$1,905,000
6.5%
$1,760,000
7%
$1,635,000
Alternative Use
Use
Estimation
RESTAURANT
$2,285,000
Change: +104% · Conversion: Difficult
OFFICE BUILDING
$1,955,000
Change: +74% · Conversion: Easy
MEDICAL BUILDING
$1,470,000
Change: +31% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,375,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$2.11M
Range $1.90M – $2.32M · ±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
$156 / 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
$82,420
Tax year 2023
Assessed value
$904,750
Assessed 2023
Previous assessed
$904,750
+0.0% YoY
Effective rate
9.11%
On assessed value
Assessed land
$904,750
Land market value
$2,585,000
Total market value
$2,585,000
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
Year built
1968
Heating
NONE
Stories
1
Bathrooms
1
Total area
13,550 SF
Lot
22.88 ac (996,652 SF)
Zoning code
C-3
APN
952-26-018
UPID
US66-4135585
Jurisdiction
CUYAHOGA
Zoning & alternative use
C-3 · Solon, OH
Zoning C-3 · permitted uses
C-3 · Solon, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Solon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1968
Heating
NONE
Stories
1
Bathrooms
1
Lot
22.88 ac
Current owner
From public records · entity-resolved
Jay Realty LLC
Entity
Free & Clear · 11 yrs held
Mailing address
18800 ROCKSIDE RD, BEDFORD, OH 44146-2054
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2026
—
Jay Realty LLC
—
Deed
related
$600,000 · Key Bank NA
Dec 4, 2014
$2,350,000
Jay Realty LLC
University Hospitals Health Sy
Grant Deed
—
Dec 31, 2003
—
University Hospitals Health
Marie Properties LLC
Grant Deed
related
—
Dec 5, 2001
$4,750,000
Marie Properties Diversified
Anripar Investment Group Ltd
Grant Deed
—
Dec 5, 2001
—
Anripar Investment Group Ltd
Franklin Park Ltd
Grant Deed
related
—
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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