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    Property profile & analytics

    Som Ctr Rd Solon, OH 44139

    • Banks
    • 2,066 SF
    • 0.64 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-4351242
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Banks

    Property Details for Som Ctr Rd

    Year built
    1978
    Lot size
    0.64 lot acres
    Property size
    2,066 SF
    Zone code
    C-6
    Property type
    Banks
    APN
    952-21-057
    APU
    95221057

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $243,000
      Market price range: $131k - $261k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Solon
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.4372
    Latitude
    41.3901
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,551
    $116,240
    $87,400
    $203,640
    -
    $332,100
    $249,700
    $581,800

    Comparable in this City

    • Value Estimation
      $310,000
      2,638 SF

      33400 Solon Rd

      FINANCIAL BUILDING • 2,638 SF
      33400 Solon Rd, Solon, OH 44139
      View Details
    • Value Estimation
      $455,000
      2,916 SF

      33175 Aurora Rd

      FINANCIAL BUILDING • 2,916 SF
      33175 Aurora Rd, Solon, OH 44139-3613
      View Details
    • Value Estimation
      $395,000
      3,257 SF

      34180 Aurora Rd

      FINANCIAL BUILDING • 3,257 SF
      34180 Aurora Rd, Solon, OH 44139-3801
      View Details
    • Value Estimation
      $260,000
      6,000 SF

      6150 Enterprise Pkwy

      FINANCIAL BUILDING • 6,000 SF
      6150 Enterprise Pkwy, Solon, OH 44139-2755
      View Details
    • Value Estimation
      $410,000
      3,444 SF

      6395 Som Ctr Rd

      FINANCIAL BUILDING • 3,444 SF
      6395 Som Ctr Rd, Solon, OH 44139-2914
      View Details
    • Value Estimation
      $455,000
      2,788 SF

      6445 Som Ctr Rd

      FINANCIAL BUILDING • 2,788 SF
      6445 Som Ctr Rd, Solon, OH 44139-4213
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,497 SF

      Retail Property in Uptown Solon

      Retail property surrounded by complementary retailers and high-traffic roadways.
      6130-6134 Kruse Dr, Solon, OH 44139
      View Details
    • Contact for pricing
      10,894 SF

      Retail Property in Solon, Ohio

      Retail property with 10,894 square feet of space.
      32800 Solon Rd, Solon, OH 44139
      View Details
    • $1,499,000
      10,560 SF

      Solon Office Complex: 10,560 SF

      Fully occupied, multi-tenant office building
      30670 Bainbridge Rd, Solon, OH 44139
      View Details
    • $440,000
      1.02 Acres

      Secluded Acreage in Solon, Ohio

      Private, wooded 1+ acre lots in award-winning Orange School District.
      4 Neptune Oval, Solon, OH 44139
      View Details
    • New
      $32,000
      0.91 Acres

      Residential Lot Backing Golf Course

      Large, level, wooded lot with golf course views in Solon.
      3-31 Willow St, Solon, OH 44139
      View Details
    • $10,000,000
      8.56 Acres

      Glenwillow, OH Industrial Property

      8.56 Acres, $10M+ Offers
      7000 Cochran Rd, Glenwillow, OH 44139
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      95,817 SF

      Solon Square Retail Opportunity

      High-traffic Solon retail spaces available.
      33315 Aurora Rd, Solon, OH 44139
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Solon

      Retail space with high visibility in Solon's retail market.
      6440 Som Center Rd, Solon, OH 44139
      View Details
    • Contact for pricing
      18,105 SF

      Solon Mixed-Use Building for Lease

      Prime Solon location suitable for medical, professional offices, and retail.
      33790 Bainbridge Rd, Solon, OH 44139
      View Details
    • $10 SF/Yr
      181,734 SF

      Uptown Solon Retail Spaces Available

      Prime Solon retail, restaurant & shop space.
      6025 Kruse Dr, Solon, OH 44139
      View Details
    • Contact for pricing
      5,663 SF

      Solon Retail Space: Kruse Commons

      Prime Solon retail space, highly visible location.
      6130 Kruse Dr, Solon, OH 44139
      View Details
    • Contact for pricing
      6,444 SF

      Turnkey Restaurant Space Available

      Fully equipped 6,444 SF restaurant near US Route 422.
      6200 Enterprise Pkwy, Solon, OH 44139
      View Details
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    Som Ctr Rd
    Solon, OH 44139
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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