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Property profile & analytics
OFF-MARKET
Strip malls
12550 Chillicothe Rd Chesterland, OH 44026-2560
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-0424007
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1930
Total area
24,041 SF
Lot
4.67 ac (203,425 SF)
APN
11-223300
UPID
US66-0424007
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
-
The Church of the Angels Church
-
United Gymnastics School Gym & Fitness Center
-
Jazzercise Gym & Fitness Center
-
Western Reserve Catering Take-out & Catering Catering Service
-
Wah Sun Restaurant
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
Reo Investments LLC · 4 yrs held
Reo Investments LLC
since 2022
Last sale
$400,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Chesterland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesterland 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
$9,485
Tax year 2023
Assessed value
$171,010
Assessed 2023
Previous assessed
$84,000
+103.6% YoY
Effective rate
5.55%
On assessed value
Assessed land
$73,780
Assessed improvement
$97,230
Land market value
$210,800
Improvement market value
$277,800
Total market value
$488,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1930
Heating
NONE
Stories
2
Total area
24,041 SF
Lot
4.67 ac (203,425 SF)
APN
11-223300
UPID
US66-0424007
Jurisdiction
GEAUGA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
2
Lot
4.67 ac
Current owner
From public records · entity-resolved
Reo Investments LLC
Entity
Mailing address
8248 KIRKWOOD DR, CHESTERLAND, OH 44026
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2022
—
Reo Investments LLC
—
Deed
related
$356,000 · Civista Bank
May 27, 2022
$400,000
Reo Investments LLC
Losa Investments Ltd
Warranty Deed
—
Aug 12, 2019
$240,000
Losa Investments Ltd
Lorant Properties LLC
Warranty Deed
$192,000 · First National Bank Of Pennsylvania
May 11, 2016
—
Lorant Properties LLC
Pilla,antonio & Loretta
Warranty Deed
—
Apr 12, 2001
$700,000
Antonio Pilla
Bbb Properties
Grant Deed
$525,000 · Park View Fsb
—
—
Antonio Pilla
—
Deed Of Trust
related
$75,000 · Park View Fsb
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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