Property profile

Sprague Rd Olmsted Falls, OH 44138

OFF-MARKET
Commercial land
Property ID
US66-3780887
4.7 ac lot
Individually Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 4.7 ac (204,732 SF)
Zoning code C-1
APN 291-02-004
UPID US66-3780887

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Sprague Rd Olmsted Falls, OH 44138
Olmsted Falls metro Census 176200 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$145k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

since 2023
Last sale
$170,000
2 recorded transactions
2023
$170,000
1997
$215,000

Zoning & alternative use

C-1 · Olmsted Falls, OH
Zoning description

To establish the C-1 Convenience Commercial Districts so as to accommodate low intensity commercial uses that are not located at major intersections and that primarily provide convenience goods and personal services to p…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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