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Property profile & analytics
OFF-MARKET
Estimated value
$12,560,000
Outlet malls
1868 Warrensville Ctr Rd South Euclid, OH 44121-2686
Trust Owned
14-yr Hold
Free & Clear
Property ID
US66-1399876
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2013
Construction
TYPE NOT SPECIFIED
Total area
183,165 SF
Lot
18.93 ac (824,517 SF)
Zoning code
C-2
APN
704-27-001
UPID
US66-1399876
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.49M
Blend (final)
Blend
$12.56M
Owner & transaction history
Wal-mart R/e Busn Trust · 14 yrs held
Wal-mart R/e Busn Trust
since 2012
2 recorded transactions
Zoning & alternative use
C-2 · South Euclid, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$19.9M
+69.5%
Neighborhood: shopping center
$18.6M
+58.1%
Auto repair, garage
$16.3M
+38.8%
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 South Euclid submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Euclid 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$11,740,000
Current use
MEDICAL BUILDING
$19,905,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$18,555,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$16,295,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,180,000
Change: +29% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$13,550,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$12.56M
Range $11.30M – $13.82M · ±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
$69 / 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
$620,541
Tax year 2023
Assessed value
$4,165,010
Assessed 2023
Previous assessed
$4,165,010
+0.0% YoY
Effective rate
14.90%
On assessed value
Assessed land
$1,731,490
Assessed improvement
$2,433,520
Land market value
$4,947,100
Improvement market value
$6,952,900
Total market value
$11,900,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2013
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
183,165 SF
Lot
18.93 ac (824,517 SF)
Zoning code
C-2
APN
704-27-001
UPID
US66-1399876
Jurisdiction
CUYAHOGA
Zoning & alternative use
C-2 · South Euclid, OH
Zoning C-2 · permitted uses
C-2 · South Euclid, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Euclid. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$11.7M
MEDICAL BUILDING
Est. value
$19.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.6M
AUTO REPAIR, GARAGE
Est. value
$16.3M
COMMERCIAL (GENERAL)
Est. value
$15.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.6M
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2013
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
18.93 ac
Current owner
From public records · entity-resolved
Wal-mart R/e Busn Trust
Trust
Free & Clear · 14 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2012
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
Mar 22, 2012
$5,060,000
Wal-mart R/e Busn Trust
Fise LLC
Grant Deed
—
Dec 29, 2010
$1,800,000
Fise LLC
Oakwood Club
Warranty Deed
—
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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