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Property profile & analytics
OFF-MARKET
Parking lots & garages
1427 328th St Eastlake, OH 44095-3475
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-2587619
Property summary
AI-generated overview
This exceptional 1,300 square foot retail space, located at 1427 E 328th St in Eastlake, Ohio, presents a fantastic opportunity. Situated on a 0.295-acre lot, this single-story Class B building, constructed in 1965 and renovated in 1985, offers a versatile layout perfect for a variety of retail businesses. The property features a convenient drive-in door measuring 10' x 10', ideal for loading and unloading merchandise. The space includes a shop bathroom, adding to its functionality. The zoning is B-1, allowing for a range of commercial uses. The property is comprised of one building with a total of one suite. The monthly rent is $1,400, gross plus utilities. The property's APN is 34A006B000570, 34A006B000560, and is located in Lake County, Ohio, zip code 44095. This is a single-tenant space within a larger building. This property offers a unique blend of established infrastructure and potential for growth in a thriving Eastlake location. Don't miss this chance to secure a well-positioned retail space in a desirable area.
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1965
Total area
5,005 SF
Lot
0.15 ac (6,525 SF)
Zoning code
G-BUS
APN
34-A-006-B-00-057-0
UPID
US66-2587619
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
East 328th LLC · 3 yrs held
East 328th LLC
since 2022
Last sale
$249,600
5 recorded transactions
Zoning & alternative use
G-BUS · Eastlake, 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 Eastlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eastlake 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
$3,283
Tax year 2023
Assessed value
$39,400
Assessed 2023
Previous assessed
$39,400
+0.0% YoY
Effective rate
8.33%
On assessed value
Assessed land
$5,710
Assessed improvement
$33,690
Land market value
$16,310
Improvement market value
$96,250
Total market value
$112,560
Applied tax rate
34.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Stories
1
Total area
5,005 SF
Lot
0.15 ac (6,525 SF)
Zoning code
G-BUS
APN
34-A-006-B-00-057-0
UPID
US66-2587619
Jurisdiction
LAKE
Zoning & alternative use
G-BUS · Eastlake, OH
Zoning G-BUS · permitted uses
G-BUS · Eastlake, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eastlake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Heating
FORCED AIR
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
East 328th LLC
Entity
Free & Clear · 3 yrs held
Mailing address
8901 TYLER BLVD, MENTOR, OH 44060-2184
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2023
—
East 328th LLC
—
Deed
related
$600,000 · Civista Bank
Sep 8, 2022
$249,600
East 328th LLC
Daniel J Novak
Warranty Deed
—
Aug 14, 2017
$147,500
Daniel J Novak
Gnb LLC
Warranty Deed
—
Aug 1, 2001
—
Gnb LLC
Borac,gerald T & Billie L
Grant Deed
related
—
—
—
Gnb LLC
—
Deed Of Trust
related
$250,000 · Huntington National Bank
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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