Property profile

1163 Milan Ave Amherst, OH 44001

OFF-MARKET
Retail space
Property ID
US66-3555305
9,354 SF 1.33 ac lot
Entity Owned 10-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 9,354 SF
Lot 1.33 ac (57,935 SF)
APN 05-00-003-106-025
UPID US66-3555305

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Cinema (Bike/Boat/Book/etc) Store
  • Bank Credit Union
  • Postal Service Courier Service
  • Discount Store

Location

1163 Milan Ave Amherst, OH 44001-1303
Amherst metro Census 50302 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.45M
Comparable Approach Comparable
$1.00M
Blend (final) Blend
$380k

Owner & transaction history

since 2016
5 recorded transactions
2022
Price N/A
2017
Price N/A
2016
$225,000
2003
$128,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.5M +72.8%
Apartment house (5+ units) $1.3M +53.6%
Commercial (general) $965,000 +13.7%

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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