Back to Search
Property profile & analytics
OFF-MARKET
Commercial land
Howe Rd Strongsville, OH 44136
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US66-3924837
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
2.7 ac (117,612 SF)
Zoning code
PDA-2
APN
396-24-010
UPID
US66-3924837
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
Polo Club Apartments LLC · 22 yrs held
Polo Club Apartments LLC
since 2004
6 recorded transactions
Zoning & alternative use
PDA-2 · Strongsville, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the zone provide to encourage the most skillful planning of parts of the community in accordance with the objectives of the Comprehensive Plan, to provide for the utilization of planning criteria in the arrangements of buildings related to common open space, and to utilize topography and other site features
Zone name
Planned Development Area
General category
PLANNED_DEVELOPMENT
Zone area
470.74 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
$6,474
Tax year 2023
Assessed value
$79,240
Assessed 2023
Previous assessed
$79,240
+0.0% YoY
Effective rate
8.17%
On assessed value
Assessed land
$79,240
Land market value
$226,400
Total market value
$226,400
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
2.7 ac (117,612 SF)
Zoning code
PDA-2
APN
396-24-010
UPID
US66-3924837
Jurisdiction
CUYAHOGA
Zoning & alternative use
PDA-2 · Strongsville, OHZoning PDA-2 · permitted uses
PDA-2 · Strongsville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the zone provide to encourage the most skillful planning of parts of the community in accordance with the objectives of the Comprehensive Plan, to provide for the utilization of planning criteria in the arrangements of buildings related to common open space, and to utilize topography and other site features
Zone name
Planned Development Area
General category
PLANNED_DEVELOPMENT
Zone area
470.74 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
2.7 ac
Current owner
From public records · entity-resolved
Polo Club Apartments LLC
Entity
Mailing address
4645 RICHMOND RD STE #101, CLEVELAND, OH 44128-5901
Ownership since
2004
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
Feb 17, 2017
—
Polo Club Apartments LLC
—
Grant Deed
related
$20,280,000 · Bellwether Ent R/e Cap
Dec 19, 2012
—
Polo Club Apartments LLC
—
Deed Of Trust
related
$20,280,000 · Bellwether Ent R/e Cap LLC
Apr 5, 2004
$235,000
Polo Club Apartments LLC
Strongsville Associates LP
Grant Deed
—
Mar 19, 2001
$113,900
Amber Stopar
Strongsville Associates LP
Grant Deed
—
—
—
Daniel J Kutchel
—
Deed Of Trust
related
$11,800 · National City Bank
—
—
Niederst Polo Club Apartments
—
Deed Of Trust
related
$2,000,000 · Luxemburg Capital LLC
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 Howe Rd?
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.
