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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
13906 Gar Hwy Chardon, OH 44024-9289
Individually Owned
6-yr Hold
Free & Clear
Property ID
US66-6175359
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Year built
1957
Total area
1,563 SF
Lot
0.52 ac (22,651 SF)
APN
15-044390
UPID
US66-6175359
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
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
Ritesh Patel · 6 yrs held
Ritesh Patel
since 2020
Last sale
$110,000
7 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 Chardon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chardon 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
$2,956
Tax year 2023
Assessed value
$43,690
Assessed 2023
Previous assessed
$38,230
+14.3% YoY
Effective rate
6.77%
On assessed value
Assessed land
$11,800
Assessed improvement
$31,890
Land market value
$33,700
Improvement market value
$91,100
Total market value
$124,800
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Year built
1957
Heating
NONE
Stories
1
Total area
1,563 SF
Lot
0.52 ac (22,651 SF)
APN
15-044390
UPID
US66-6175359
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
1957
Heating
NONE
Stories
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Ritesh Patel
Individual
Free & Clear · 6 yrs held
Mailing address
1957 SPRUCE LN, PAINESVILLE, OH 44077-6164
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2020
$350,000
Ritesh Patel
Mahant Swami Hambden LLC
Grant Deed
—
Feb 28, 2020
$110,000
Mahant Swami Hambden LLC
Munson Corners Land LLC
Warranty Deed
$350,000 · Ritesh & Yogesh Patel
Oct 11, 2019
—
Munson Corners Land LLC
—
Deed
related
$100,000 · Willoughby Hills Dev & Distrib
Aug 6, 2014
—
Munson Corners Land LLC
Munson Corners Land Partners L
Quit Claim Deed
—
Aug 18, 2008
$95,000
Munson Corners Land Partners
Chardon Mini Mart INC
Grant Deed
—
May 24, 2005
$5,000
Louis S Frank
Epstein,philip S
Grant Deed
—
Mar 24, 2000
$200,000
Chardon Mini-mart INC
Ashba,kenneth R & Lynn M
Grant Deed
$562,000 · First National Bank Zanesville
—
—
Munson Corners Land LLC
—
Deed Of Trust
related
$100,000 · Willoughby Hills Dev & Distrib
—
—
Chardon Mini-mart INC
—
Deed Of Trust
related
$90,000 · Ullman Oil Corp
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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