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Property profile

16511 Detroit Ave Lakewood, OH 44107

OFF-MARKET
Grocery and convenience stores
Property ID
US66-2623285
3,012 SF 0.31 ac lot Built 1985
Entity Owned 5-yr Hold Free & Clear

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1985
Construction TYPE NOT SPECIFIED
Total area 3,012 SF
Lot 0.31 ac (13,500 SF)
Zoning code C3
APN 313-22-009
UPID US66-2623285

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.56M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.68M

Owner & transaction history

since 2020
Last sale
$1.8M
4 recorded transactions
2020
Price N/A
2020
Price N/A
2017
$1.8M
1969
Price N/A

Zoning & alternative use

C3 · Lakewood, OH
Zoning description

TheC3 General Business Districtis established to provide for commercial uses that generally require independent, freestanding buildings, larger parking areas, and may have unique traffic patterns because of such factors…

General category COMMERCIAL

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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