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Property profile & analytics
OFF-MARKET
Estimated value
$7,405,000
Automotive properties
24690 Sperry Dr Westlake, OH 44145-1531
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1060811
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2014
Construction
TYPE NOT SPECIFIED
Total area
34,727 SF
Lot
4 ac (174,240 SF)
Zoning code
IS
APN
214-01-026
UPID
US66-1060811
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
$7.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.65M
Blend (final)
Blend
$7.41M
Owner & transaction history
Kg Re Investments Westlake LLC · 4 yrs held
Kg Re Investments Westlake LLC
since 2022
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
IS · Westlake, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Interchange Services Districts is intended to promote convenient areas directly related to the freeway interchanges to serve the needs of through and local motorists.
Zone name
Interchange Services
General category
UNKNOWN
Zone area
141.32 ac
Source
Realmo
Top alternative use upside
Restaurant
$5.9M
+89.6%
Office building
$5.0M
+60.9%
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
$6,895,000
ML approach
$7,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,860,000
Change: +90% · Conversion: Difficult
OFFICE BUILDING
$4,970,000
Change: +61% · Conversion: Difficult
Blend value · Realmo final
$7.41M
Range $6.66M – $8.15M · ±10% · vs last sale $9.00M (Apr 13 2022)
Last sale anchor
$9.00M
Apr 13 2022
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
$213 / 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
$156,878
Tax year 2023
Assessed value
$2,261,560
Assessed 2023
Previous assessed
$2,261,560
+0.0% YoY
Effective rate
6.94%
On assessed value
Assessed land
$670,810
Assessed improvement
$1,590,750
Land market value
$1,916,600
Improvement market value
$4,545,000
Total market value
$6,461,600
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2014
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
34,727 SF
Lot
4 ac (174,240 SF)
Zoning code
IS
APN
214-01-026
UPID
US66-1060811
Jurisdiction
CUYAHOGA
Zoning & alternative use
IS · Westlake, OHZoning IS · permitted uses
IS · Westlake, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Interchange Services Districts is intended to promote convenient areas directly related to the freeway interchanges to serve the needs of through and local motorists.
Zone name
Interchange Services
General category
UNKNOWN
Zone area
141.32 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.0M
RESTAURANT
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
2014
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
4 ac
Current owner
From public records · entity-resolved
Kg Re Investments Westlake LLC
Entity
Mailing address
161 W GARFIELD RD, AURORA, OH 44202-8846
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2022
$9,000,000
Kg Re Investments Westlake LLC
Ganley Real Estate Co
Limited Warranty Deed
$861,800,000 · Truist Bank
Sep 7, 2016
—
Ganley Real Estate Co
—
Deed
related
$45,525,192 · Bank Of America
Sep 12, 2012
$1,735,000
Ganley Real Estate Co
Sperry West LLC
Grant Deed
$6,000,000 · Comerica Bank
May 12, 2010
$1,435,000
Sperry West LLC
Clerac LLC
Deed Of Trust
related
$1,150,000 · Lorain National Bank
—
—
Ganley Real Estate Co
—
Deed Of Trust
related
$4,684,565 · Bank Of America
—
—
Ganley Real Estate Co
—
Deed Of Trust
related
$7,400,000 · Bank Of America
—
—
Ganley Real Estate Co
—
Loan Modification
related
—
—
—
Ganley Real Estate Co
—
Loan Modification
related
$44,425,192 · Bank Of America
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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