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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Retail properties & Spaces
Richmond Rd Richmond Heights, OH 44143
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-0343180
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Lot
8.76 ac (381,438 SF)
Zoning code
B-2
APN
662-28-068
UPID
US66-0343180
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
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$660k
Owner & transaction history
City Of Richmond Heights · 4 yrs held
City Of Richmond Heights
since 2021
Last sale
$700,000
2 recorded transactions
Zoning & alternative use
B-2 · Richmond Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District serve the needs of both convenience and comparison shoppers from a geographical area extending beyond the adjacent residential areas
Zone name
Regional Business
General category
COMMERCIAL
Zone area
67.05 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 Richmond Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond 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
Method
Estimation
Statistic approach
$645,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$660k
Range $594k – $726k · ±10% · vs last sale $700k (Dec 7 2021)
Last sale anchor
$700k
Dec 7 2021
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
—
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
$17,002
Tax year 2023
Assessed value
$168,560
Assessed 2023
Previous assessed
$168,560
+0.0% YoY
Effective rate
10.09%
On assessed value
Assessed land
$168,560
Land market value
$481,600
Total market value
$481,600
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Lot
8.76 ac (381,438 SF)
Zoning code
B-2
APN
662-28-068
UPID
US66-0343180
Jurisdiction
CUYAHOGA
Zoning & alternative use
B-2 · Richmond Heights, OHZoning B-2 · permitted uses
B-2 · Richmond Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District serve the needs of both convenience and comparison shoppers from a geographical area extending beyond the adjacent residential areas
Zone name
Regional Business
General category
COMMERCIAL
Zone area
67.05 ac
Source
Realmo
Building & site characteristics
From public records
Lot
8.76 ac
Current owner
From public records · entity-resolved
City Of Richmond Heights
Entity
Free & Clear · 4 yrs held
Mailing address
21800 BURBANK BLVD, WOODLAND HILLS, CA 91367-6470
Ownership since
2021
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
Dec 7, 2021
—
City Of Richmond Heights
Richmond Heights Town Square Owner
Quit Claim Deed
related
—
Nov 12, 2021
$700,000
Dpm 775 Richmond Wilson Road LLC
Richmond Heights Acquisition Corp
Limited 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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