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Property profile & analytics
OFF-MARKET
Retail space
1238 Lost Nation Rd Willoughby, OH 44094-7325
Entity Owned
Free & Clear
Property ID
US66-0070795
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Construction
WOOD
Total area
3,680 SF
Lot
0.98 ac (42,623 SF)
Zoning code
G-B
APN
27-B-056-J-00-001-0
UPID
US66-0070795
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
-
Brandt's Candies Specialty Food Shop Candy Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Western Reserve Real Estate Holding
Western Reserve Real Estate Holding
since 2026
Last sale
$111,100
5 recorded transactions
Zoning & alternative use
G-B · Willoughby, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intended to provide for commercial services and activities in locations that are adequately served by major streets and other facilities and to encourage the grouping of businesses in shopping centers.
Zone name
General Business District
General category
COMMERCIAL
Zone area
405.96 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 Willoughby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Willoughby 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$13,029
Tax year 2023
Assessed value
$105,870
Assessed 2023
Previous assessed
$105,870
+0.0% YoY
Effective rate
12.31%
On assessed value
Assessed land
$74,600
Assessed improvement
$31,270
Land market value
$213,130
Improvement market value
$89,330
Total market value
$302,460
Applied tax rate
27.0000
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
1948
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,680 SF
Lot
0.98 ac (42,623 SF)
Zoning code
G-B
APN
27-B-056-J-00-001-0
UPID
US66-0070795
Jurisdiction
LAKE
Zoning & alternative use
G-B · Willoughby, OHZoning G-B · permitted uses
G-B · Willoughby, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intended to provide for commercial services and activities in locations that are adequately served by major streets and other facilities and to encourage the grouping of businesses in shopping centers.
Zone name
General Business District
General category
COMMERCIAL
Zone area
405.96 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1948
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Western Reserve Real Estate Holding
Entity
Free & Clear · 0 yrs held
Mailing address
1238 LOST NATION RD, WILLOUGHBY, OH 44094-7325
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2026
$111,100
Western Reserve Real Estate Holding
Bpjp Realty LLC
Warranty Deed
—
Sep 14, 2005
—
Bpjp Realty LLC
Phillips,james L & Barbara A
Quit Claim Deed
related
—
Aug 15, 2005
$345,000
James L Phillips
Theodore D Prindle
Survivorship Deed
$207,593 · Jpmorgan Chase Bank NA
Nov 12, 2003
$187,500
Theodore D Prindle
Cummings,michael J & Gerry L
Grant Deed
$80,000 · Great Lakes Bank
Jan 26, 2000
$160,000
Theodore D Prindle
Cummings,gerry L & Michael J
Grant Deed
$160,000 · Seller
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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