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Property profile & analytics
OFF-MARKET
Estimated value
$3,270,000
Strip malls
20040 Van Aken Blvd 20200 Shaker Heights, OH 44122-3621
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-1846575
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1945
Total area
29,719 SF
Lot
3.49 ac (151,876 SF)
Zoning code
CM
APN
736-09-001
UPID
US66-1846575
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.27M
Owner & transaction history
Shaker Plaza I Ltd · 5 yrs held
Shaker Plaza I Ltd
since 2021
7 recorded transactions
Zoning & alternative use
CM · Shaker Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is to encourage a compact mix of retail, service, office, housing and public activities to coexist in a manner that reflects human scale and emphasizes pedestrian orientation, taking advantage of the convenience provided by multi-modal transportation options and the vitality that mixed uses can bring to a community
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
103.24 ac
Source
Realmo
Top alternative use upside
Restaurant
$5.0M
+66.5%
Office building
$3.3M
+8.5%
Medical building
$3.2M
+7.3%
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 Shaker Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shaker Heights 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
NEIGHBORHOOD: SHOPPING CENTER
$3,010,000
Current use
RESTAURANT
$5,015,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$3,265,000
Change: +9% · Conversion: Moderate
MEDICAL BUILDING
$3,230,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,645,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,465,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$3.27M
Range $2.94M – $3.60M · ±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
$110 / 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
$349,419
Tax year 2023
Assessed value
$2,520,010
Assessed 2023
Previous assessed
$2,520,010
+0.0% YoY
Effective rate
13.87%
On assessed value
Assessed land
$637,880
Assessed improvement
$1,882,130
Land market value
$1,822,500
Improvement market value
$5,377,500
Total market value
$7,200,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1945
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
8
Total area
29,719 SF
Lot
3.49 ac (151,876 SF)
Zoning code
CM
APN
736-09-001
UPID
US66-1846575
Jurisdiction
CUYAHOGA
Zoning & alternative use
CM · Shaker Heights, OHZoning CM · permitted uses
CM · Shaker Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District is to encourage a compact mix of retail, service, office, housing and public activities to coexist in a manner that reflects human scale and emphasizes pedestrian orientation, taking advantage of the convenience provided by multi-modal transportation options and the vitality that mixed uses can bring to a community
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
103.24 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.0M
RESTAURANT
Est. value
$5.0M
OFFICE BUILDING
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (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
1945
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
8
Lot
3.49 ac
Current owner
From public records · entity-resolved
Shaker Plaza I Ltd
Individual
Mailing address
20200 VAN AKEN BLVD, SHAKER HEIGHTS, OH 44122-3623
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2022
—
Shaker Plaza I Ltd
—
Deed
related
$7,500,000 · Premier Bank
Jan 4, 2021
—
Shaker Plaza I Ltd
Shaker Plaza Dev LLC
Quit Claim Deed
related
—
Apr 10, 2018
$3,528,329
Parmatown Realty I Ltd
Shaker Plaza Dev LLC
Grant Deed
related
$8,500,000 · Home Svgs Bk
Jul 24, 2017
—
Brookgate Realty I Ltd
Shaker Plaza Dev LLC
Grant Deed
related
—
Feb 2, 2017
—
Shaker Plaza Dev LLC
—
Grant Deed
related
$8,500,000 · Home Svgs Bk
Apr 15, 2016
$8,200,000
Shaker Plaza Dev LLC
Shaker Plaza Ltd
Grant Deed
related
—
May 12, 2015
—
City Of Shaker Heights Ohio
Shaker Plaza Ltd
Quit Claim Deed
related
—
—
—
Shaker Plaza Ltd
—
Deed Of Trust
related
$4,568,000 · Charter One Bank
—
—
Shaker Plaza Ltd
—
Deed Of Trust
related
$7,800,000 · Thrivent Financial For Luthera
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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