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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
2240 Columbia Rd Westlake, OH 44145-4101
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-0317656
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1970
Construction
TYPE NOT SPECIFIED
Total area
2,562 SF
Lot
0.34 ac (14,620 SF)
Zoning code
GB
APN
215-25-012
UPID
US66-0317656
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
by Request
Owner & transaction history
Adamra Properties LLC · 4 yrs held
Adamra Properties LLC
since 2022
Last sale
$270,000
6 recorded transactions
Zoning & alternative use
GB · Westlake, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
General Business District is intended to promote areas in which individual businesses which supply convenience and shopping goods and services may locate.
Zone name
General Business
General category
COMMERCIAL
Zone area
264.16 ac
Source
Realmo
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 Westlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westlake 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,903
Tax year 2023
Assessed value
$27,440
Assessed 2023
Previous assessed
$79,600
-65.5% YoY
Effective rate
6.94%
On assessed value
Assessed land
$10,570
Assessed improvement
$16,870
Land market value
$30,200
Improvement market value
$48,200
Total market value
$78,400
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1970
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,562 SF
Lot
0.34 ac (14,620 SF)
Zoning code
GB
APN
215-25-012
UPID
US66-0317656
Jurisdiction
CUYAHOGA
Zoning & alternative use
GB · Westlake, OHZoning GB · permitted uses
GB · Westlake, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
General Business District is intended to promote areas in which individual businesses which supply convenience and shopping goods and services may locate.
Zone name
General Business
General category
COMMERCIAL
Zone area
264.16 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Adamra Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
13019 TRADEWINDS DR, STRONGSVILLE, OH 44136-8044
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2022
$270,000
Adamra Properties LLC
Lgp Realty Holdings LP
Limited Warranty Deed
—
Mar 23, 2022
—
Adanra Properties LLC
Lgp Realty Ridge Westlake LLC
Agreement Of Sale
—
Feb 16, 2022
—
Lgp Realty Holdings LP
Bp Products North America INC
Correction Deed
related
—
May 8, 2014
—
Lgp Realty Holdings LP
—
Loan Modification
related
$450,000,000 · Citizens Bk/pa
Dec 30, 2010
—
25525 Ctr Ridge Westlake LLC
—
Deed Of Trust
related
$250,000,000 · Key Bank NA
Nov 16, 2009
$51,748
25525 Ctr Ridge Westlake LLC
Bp Products N America INC
Grant Deed
$50,668,392 · Key Bank NA
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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