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Property profile & analytics
OFF-MARKET
Estimated value
$215,000
Flex space
1810 Joseph Lloyd Pkwy Willoughby, OH 44094-8042
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-1880857
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1989
Construction
WOOD
Total area
10,276 SF
Lot
1.4 ac (60,984 SF)
Zoning code
L-1
APN
27-B-053-B-00-021-0
UPID
US66-1880857
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
Current use
Occupant on record · Public records
-
IDentiphoto Company, Ltd. Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$610k
Comparable Approach
Comparable
$723k
Blend (final)
Blend
$215k
Owner & transaction history
Identification Acquisition LLC · 1 yrs held
Identification Acquisition LLC
since 2025
Last sale
$700,000
3 recorded transactions
Zoning & alternative use
L-1 · Willoughby, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
1131.02 USE REGULATIONS.
Top alternative use upside
Auto repair, garage
$860,000
+69.6%
Commercial (general)
$825,000
+62.5%
Retail stores
$805,000
+58.5%
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 Willoughby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Willoughby 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%
$660,000
6.5%
$610,000
7%
$565,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$510,000
Current use
AUTO REPAIR, GARAGE
$860,000
Change: +70% · Conversion: Easy
COMMERCIAL (GENERAL)
$825,000
Change: +62% · Conversion: Difficult
RETAIL STORES
$805,000
Change: +59% · Conversion: Moderate
MEDICAL BUILDING
$725,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$610,000
Change: +20% · Conversion: Difficult
WAREHOUSE, STORAGE
$570,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$215k
Range $194k – $237k · ±10% · vs last sale $700k (Feb 7 2025)
Last sale anchor
$700k
Feb 7 2025
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
$21 / 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
$13,153
Tax year 2023
Assessed value
$162,820
Assessed 2023
Previous assessed
$162,820
+0.0% YoY
Effective rate
8.08%
On assessed value
Assessed land
$36,590
Assessed improvement
$126,230
Land market value
$104,540
Improvement market value
$360,660
Total market value
$465,200
Applied tax rate
27.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
10,276 SF
Lot
1.4 ac (60,984 SF)
Zoning code
L-1
APN
27-B-053-B-00-021-0
UPID
US66-1880857
Jurisdiction
LAKE
Zoning & alternative use
L-1 · Willoughby, OHZoning L-1 · permitted uses
L-1 · Willoughby, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
1131.02 USE REGULATIONS.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$510,000
AUTO REPAIR, GARAGE
Est. value
$860,000
COMMERCIAL (GENERAL)
Est. value
$825,000
RETAIL STORES
Est. value
$805,000
MEDICAL BUILDING
Est. value
$725,000
OFFICE BUILDING
Est. value
$610,000
WAREHOUSE, STORAGE
Est. value
$570,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1989
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Identification Acquisition LLC
Entity
Mailing address
1810 JOSEPH LLOYD PKWY, WILLOUGHBY, OH 44094-8042
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2025
$700,000
Identification Acquisition LLC
Sbt Enterprises LLC
Deed
$2,800,000 · First Financial Bank
—
—
Sbt Ents LLC
—
Deed Of Trust
related
$245,000 · Dollar Bank Fsb
—
—
Sbt Enterprises LLC
—
Deed Of Trust
related
$185,000 · Charter One Bank 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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