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Property profile & analytics
OFF-MARKET
Estimated value
$9,495,000
Outlet malls
1409 Golden Gate Plz Mayfield Heights, OH 44124
Entity Owned
8-yr Hold
Free & Clear
Property ID
US66-3776310
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2003
Construction
TYPE NOT SPECIFIED
Total area
144,516 SF
Lot
16.93 ac (737,628 SF)
Zoning code
U-4
APN
862-11-005
UPID
US66-3776310
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
$11.43M
Blend (final)
Blend
$9.50M
Owner & transaction history
Costco Wholesale Corp · 8 yrs held
Costco Wholesale Corp
since 2017
4 recorded transactions
Zoning & alternative use
U-4 · Mayfield Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to promote Local Retail and Wholesale uses
Zone name
Local Retail And Wholesale
General category
COMMERCIAL
Zone area
152.76 ac
Source
Realmo
Top alternative use upside
Medical building
$15.7M
+69.5%
Neighborhood: shopping center
$14.6M
+58.1%
Auto repair, garage
$12.9M
+38.8%
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 Mayfield Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mayfield Heights 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,260,000
Current use
MEDICAL BUILDING
$15,705,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$14,640,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,860,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,975,000
Change: +29% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$10,695,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$9.50M
Range $8.55M – $10.44M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$66 / SF
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
$597,551
Tax year 2023
Assessed value
$6,610,490
Assessed 2023
Previous assessed
$6,610,490
+0.0% YoY
Effective rate
9.04%
On assessed value
Assessed land
$3,035,170
Assessed improvement
$3,575,320
Land market value
$8,671,900
Improvement market value
$10,215,200
Total market value
$18,887,100
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
2003
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
144,516 SF
Lot
16.93 ac (737,628 SF)
Zoning code
U-4
APN
862-11-005
UPID
US66-3776310
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-4 · Mayfield Heights, OHZoning U-4 · permitted uses
U-4 · Mayfield Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to promote Local Retail and Wholesale uses
Zone name
Local Retail And Wholesale
General category
COMMERCIAL
Zone area
152.76 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.3M
MEDICAL BUILDING
Est. value
$15.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.6M
AUTO REPAIR, GARAGE
Est. value
$12.9M
COMMERCIAL (GENERAL)
Est. value
$12.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.7M
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
16.93 ac
Current owner
From public records · entity-resolved
Costco Wholesale Corp
Entity
Free & Clear · 8 yrs held
Mailing address
999 LK DR, ISSAQUAH, WA 98027-8990
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2017
$25,000,000
Costco Wholesale Corp
Mas Wgg LLC
Grant Deed
—
Dec 5, 2016
—
Mas Wgg LLC
Wgg Dev Ltd
Quit Claim Deed
related
—
Nov 30, 2000
—
Michael A Shemo Trustee
Larry Goldberg Trustee
Quit Claim Deed
related
—
Nov 21, 2000
—
Michael A Shemo Trustee
Goldberg,david & Brenda
Quit Claim Deed
related
—
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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