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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Turn key restaurants
23575 Detroit Rd Westlake, OH 44145-1639
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-0662695
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1962
Construction
TYPE NOT SPECIFIED
Total area
9,277 SF
Lot
1.72 ac (74,836 SF)
Zoning code
GB
APN
214-06-001
UPID
US66-0662695
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
$1.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$831k
Blend (final)
Blend
$1.22M
Owner & transaction history
Clauge Re LLC · 1 yrs held
Clauge Re LLC
since 2025
Last sale
$1.2M
5 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
Method
Estimation
Statistic approach
$1,230,000
ML approach
$1,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,565,000
Current use
OFFICE BUILDING
$1,330,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10% · vs last sale $1.20M (Jan 31 2025)
Last sale anchor
$1.20M
Jan 31 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
$131 / 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
$19,591
Tax year 2023
Assessed value
$275,630
Assessed 2023
Previous assessed
$275,630
+0.0% YoY
Effective rate
7.11%
On assessed value
Assessed land
$157,150
Assessed improvement
$118,480
Land market value
$449,000
Improvement market value
$338,500
Total market value
$787,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1962
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
9,277 SF
Lot
1.72 ac (74,836 SF)
Zoning code
GB
APN
214-06-001
UPID
US66-0662695
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.3M
RESTAURANT Current
OFFICE BUILDING
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
1962
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
Clauge Re LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 460369, HOUSTON, TX 77056-8369
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2025
$1,200,000
Clauge Re LLC
Usrp Funding 2001 A LP LLC
Special Warranty Deed
—
Sep 10, 2013
—
Usrp Funding 2001-a LP
Cnl Apf Ptrs
Quit Claim Deed
related
—
Feb 6, 2001
$773,300
Usrp Funding 2001-a LP
Us Restaurant Properties Opera
Grant Deed
related
$175,000,000 · Wells Fargo Bank Minnesota Tte
Aug 17, 1998
$1,050,000
Us Restaurant Properties Opera
Buca INC
Grant Deed
$25,000,000 · Usrp LLC
Jul 7, 1998
$1,050,000
Buca INC
Anagnostor,pametrios P
Grant 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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