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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Retail space
103 1st St Hudson, OH 44236-5385
Entity Owned
21-yr Hold
Free & Clear
Property ID
US66-0772930
Property summary
AI-generated overview
This 1,200 square foot restaurant space is located at 103 First Street in the vibrant downtown Hudson, Ohio, zip code 44236. Previously occupied by a Nestle Cookie store, this single-tenant space offers a turnkey opportunity for a new restaurant operator. The property features an existing counter and pickup window, ideal for quick-service or grab-and-go concepts. Situated within a highly successful mixed-use development boasting a 98% occupancy rate, this location benefits from significant foot traffic and a strong established customer base. The property is categorized as a second-generation space, meaning it's ready for immediate occupancy with existing restaurant infrastructure in place. The address is 103 First Street, Hudson, OH 44236. This prime location in the Hudson submarket presents a unique chance to establish a thriving business in a bustling downtown area. The property type is restaurant/retail. The space is ready for immediate occupancy. The high occupancy rate of the development speaks to its success and desirability.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
14,076 SF
Lot
0.68 ac (29,664 SF)
APN
32-03937
UPID
US66-0772930
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
Current use
Occupant on record · Public records
-
StretchLab Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.37M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.34M
Owner & transaction history
Hudson Village Finance Co LLC · 21 yrs held
Hudson Village Finance Co LLC
since 2005
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+89.7%
Auto repair, garage
$1.4M
+69.4%
Commercial (general)
$1.4M
+64.6%
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 Hudson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hudson 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,485,000
6.5%
$1,370,000
7%
$1,275,000
Alternative Use
Use
Estimation
RETAIL STORES
$825,000
Current use
RESTAURANT
$1,570,000
Change: +90% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,400,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,360,000
Change: +65% · Conversion: Easy
MEDICAL BUILDING
$1,320,000
Change: +59% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,315,000
Change: +59% · Conversion: Moderate
OFFICE BUILDING
$1,095,000
Change: +32% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$865,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10%
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
$95 / SF
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
$104,494
Tax year 2023
Assessed value
$1,296,780
Assessed 2023
Previous assessed
$1,296,780
+0.0% YoY
Effective rate
8.06%
On assessed value
Assessed land
$44,690
Assessed improvement
$1,252,090
Land market value
$127,690
Improvement market value
$3,577,390
Total market value
$3,705,080
Applied tax rate
32.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Units
4
Total area
14,076 SF
Lot
0.68 ac (29,664 SF)
APN
32-03937
UPID
US66-0772930
Jurisdiction
SUMMIT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$825,000
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$865,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
4
Lot
0.68 ac
Current owner
From public records · entity-resolved
Hudson Village Finance Co LLC
Entity
Free & Clear · 21 yrs held
Mailing address
12 CLINTON ST, HUDSON, OH 44236-5117
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2005
—
Hudson Village Finance Co LLC
Hudson Village Dev Co Ltd
Quit Claim 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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