Technical
Financial
Distress signals
Property profile

16101 Chagrin Blvd Shaker Heights, OH 44120

OFF-MARKET
Auto shops
Property ID
US66-2191023
5,700 SF 1.73 ac lot Built 1946
Individually Owned 3-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1946
Construction TYPE NOT SPECIFIED
Total area 5,700 SF
Lot 1.73 ac (75,545 SF)
Zoning code C3
APN 735-16-018
UPID US66-2191023

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash

Location

16101 Chagrin Blvd Shaker Heights, OH 44120-3707
Shaker Heights metro Census 183402 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.09M
CAP Approach CAP
by Request
Comparable Approach Comparable
$971k
Blend (final) Blend
$1.01M

Owner & transaction history

since 2022
Last sale
$1.3M
2 recorded transactions
2022
Price N/A
2022
$1.3M

Zoning & alternative use

C3 · Shaker Heights, OH
Zoning description

District is to provide an environment for a range of business enterprises such as small scale research, distributing and technical uses that do not produce environmental impacts or nuisances or otherwise create nuisances…

General category COMMERCIAL
Top alternative use upside
Restaurant $960,000 +89.6%
Office building $920,000 +81.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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