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Property profile & analytics
OFF-MARKET
Outlet malls
13609 Lakewood Hts Blvd Cleveland, OH 44107-6120
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-1516693
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1938
Construction
WOOD
Total area
11,900 SF
Lot
0.62 ac (27,120 SF)
Zoning code
GR
APN
021-06-001
UPID
US66-1516693
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
-
La Plaza Taqueria Restaurant
-
57 Insurance Agency Ohio Insurance Agency
-
Milan LLC Property Management Company
-
La Plaza Supermarket Specialty Food Shop Supermarket
-
Vigo Bank Credit Union
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
Jacona 266 LLC · 6 yrs held
Jacona 266 LLC
since 2019
7 recorded transactions
Zoning & alternative use
GR · Cleveland, OH
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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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
$16,824
Tax year 2023
Assessed value
$168,460
Assessed 2023
Previous assessed
$168,460
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$41,790
Assessed improvement
$126,670
Land market value
$119,400
Improvement market value
$361,900
Total market value
$481,300
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1938
Construction
WOOD
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
11,900 SF
Lot
0.62 ac (27,120 SF)
Zoning code
GR
APN
021-06-001
UPID
US66-1516693
Jurisdiction
CUYAHOGA
Zoning & alternative use
GR · Cleveland, OH
Zoning GR · permitted uses
GR · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1938
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Jacona 266 LLC
Entity
Mailing address
8140 DAVENTREE DR, BRECKSVILLE, OH 44141-1271
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2022
—
Jacona 266 LLC
—
Deed
related
$2,200,000 · Northwest Bank
Aug 24, 2020
—
Jacona 266 LLC
—
Deed
related
$720,000 · Gator Heaven LLC
Nov 26, 2019
—
Jacona 266 LLC
—
Deed
related
$756,000 · Velocity Com'l Cap
Oct 2, 2019
—
Jacona 266 LLC
Ortega Ramiro Living Trust
Warranty Deed
related
—
Mar 17, 2017
—
Ortega,ramiro Living Trust
Ortega,ramiro
Quit Claim Deed
related
—
Oct 22, 2014
$80,000
Ramiro Ortega
Cregar Robert Trust
Quit Claim Deed
related
$210,000 · Cregar Robert W (te)
Dec 6, 2012
$140,000
Cregar Robert Trust
Sheriff Of Cuyahoga County
Trustees Deed
—
Feb 27, 2003
$488,000
Rego Properties INC
8934 Brecksville Rd Realty Co
Grant Deed
—
—
—
Jacona 266 LLC
—
Deed Of Trust
related
$756,000 · Velocity Com'l Cap
—
—
Rego Properties INC
—
Deed Of Trust
related
$90,000 · Rego Sam Trust
—
—
Rego Properties INC
—
Deed Of Trust
related
$660,000 · National City Bank
—
—
Rego Properties INC
—
Deed Of Trust
related
$661,000 · National City Bank
—
—
Jacona 266 LLC
—
Deed Of Trust
related
$720,000 · Gator Heaven LLC
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.
Try Rey
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