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Property profile & analytics
OFF-MARKET
Commercial land
Lee Rd Maple Heights, OH 44137
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US66-3996904
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.61 ac (26,397 SF)
Zoning code
NC
APN
786-04-099
UPID
US66-3996904
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
Makdessi Properties INC · 19 yrs held
Makdessi Properties INC
since 2006
2 recorded transactions
Zoning & alternative use
NC · Maple Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the purpose of the NC Neighborhood Commercial District to permit and encourage the retention and establishment of small convenience goods and personal services located in close proximity to the residential areas which it is intended to serve. The location of the NC District and the nature of the limited commercial activity should be developed to avoid…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
125.81 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 Maple Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Maple Heights 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
$3,718
Tax year 2023
Assessed value
$30,490
Assessed 2023
Previous assessed
$30,490
+0.0% YoY
Effective rate
12.19%
On assessed value
Assessed land
$30,490
Land market value
$87,100
Total market value
$87,100
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
0.61 ac (26,397 SF)
Zoning code
NC
APN
786-04-099
UPID
US66-3996904
Jurisdiction
CUYAHOGA
Zoning & alternative use
NC · Maple Heights, OHZoning NC · permitted uses
NC · Maple Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the purpose of the NC Neighborhood Commercial District to permit and encourage the retention and establishment of small convenience goods and personal services located in close proximity to the residential areas which it is intended to serve. The location of the NC District and the nature of the limited commercial activity should be developed to avoid undue traffic congestion for the surrounding residential neighborhood areas.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
125.81 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.61 ac
Current owner
From public records · entity-resolved
Makdessi Properties INC
Entity
Mailing address
5820 LEE RD S, MAPLE HEIGHTS, OH 44137-4211
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2006
$560,000
Makdessi Properties INC
Cipriani Property Co Ltd
Warranty Deed
$448,000 · Silver Hill Financial LLC
Aug 29, 2001
—
Cipriani Property Co Ltd
Cipriani Property Co
Quit Claim Deed
related
$250,000 · Charter One Bank Fsb
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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