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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Community centers
16765 Chillicothe Rd Chagrin Falls, OH 44023-4519
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2109453
Property summary
AI-generated overview
This exceptional retail opportunity is located in the vibrant Market Square in Chagrin Falls, Ohio. The property, situated at 16765 Chillicothe Rd, zip code 44023, offers a prime location within a bustling commercial center. The space itself totals 1,800 square feet and is part of a larger complex featuring two buildings, each one story high. Built in 1994 and renovated in 2006, the property is classified as Class B and sits on a substantial 6.723-acre lot. The zoning is designated as CB. The property's convenient location places it directly adjacent to established anchor tenants, Ace Hardware and Aladdin's, ensuring high visibility and foot traffic. This presents a unique chance to establish or expand a retail business in a thriving community. The property includes multiple suites, and this particular space is ready for immediate occupancy. The property's APN numbers are 02-334800, 02-092475, 02-295300, and 02-420036, located in Geauga County. This is an excellent opportunity for businesses seeking a well-established location with high visibility and strong neighboring businesses. Contact us today to learn more about this exceptional retail space.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1994
Total area
30,579 SF
Lot
2 ac (87,120 SF)
APN
02-334800
UPID
US66-2109453
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
$760k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$880k
Owner & transaction history
Bainbridge Associates Ltd · 8 yrs held
Bainbridge Associates Ltd
since 2018
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+37.3%
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 Chagrin Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chagrin Falls 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
$760,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$775,000
Current use
RETAIL STORES
$1,060,000
Change: +37% · Conversion: Easy
WAREHOUSE, STORAGE
$750,000
Change: -3% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$690,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$29 / 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
$70,245
Tax year 2023
Assessed value
$929,010
Assessed 2023
Previous assessed
$856,840
+8.4% YoY
Effective rate
7.56%
On assessed value
Assessed land
$67,200
Assessed improvement
$861,810
Land market value
$192,000
Improvement market value
$2,462,300
Total market value
$2,654,300
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1994
Heating
NONE
Buildings
2
Stories
1
Total area
30,579 SF
Lot
2 ac (87,120 SF)
APN
02-334800
UPID
US66-2109453
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$775,000
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$750,000
INDUSTRIAL (GENERAL)
Est. value
$690,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1994
Heating
NONE
Stories
1
Buildings
2
Lot
2 ac
Current owner
From public records · entity-resolved
Bainbridge Associates Ltd
Entity
Mailing address
4543 N RDG RD, PERRY, OH 44081-9738
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2018
—
Bainbridge Associates Ltd
—
Deed
related
$4,500,000 · The Cortland Savings & Banking Co
—
—
Brianbridge Associates Ltd
—
Deed Of Trust
related
$250,000 · Park View Fsb
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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