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Property profile & analytics
OFF-MARKET
Estimated value
$5,345,000
Grocery and convenience stores
26324 Detroit Rd Westlake, OH 44145
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-2657951
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2019
Total area
45,988 SF
Lot
6.78 ac (295,402 SF)
Zoning code
PO
APN
213-05-057
UPID
US66-2657951
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
$6.80M
Comparable Approach
Comparable
$4.45M
Blend (final)
Blend
$5.35M
Owner & transaction history
Detroit Canterbury LLC · 1 yrs held
Detroit Canterbury LLC
since 2024
1 recorded transaction
Zoning & alternative use
PO · Westlake, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Planned Office District is established to achieve, among others is to provide, in appropriate locations, areas for office development, both local and regional and to provide areas of sufficient size and locations for a combination of office use and accessory commercial and retail use.
Zone name
Planned Office
General category
COMMERCIAL
Zone area
42.86 ac
Source
Realmo
Top alternative use upside
Restaurant
$7.8M
+163.2%
Office building
$6.6M
+123.3%
Apartment house (5+ units)
$5.1M
+72.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,365,000
6.5%
$6,795,000
7%
$6,310,000
Alternative Use
Use
Estimation
RESTAURANT
$7,755,000
Change: +163% · Conversion: Easy
OFFICE BUILDING
$6,585,000
Change: +123% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,080,000
Change: +72% · Conversion: Difficult
MEDICAL BUILDING
$4,995,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,660,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,090,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,810,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$5.35M
Range $4.81M – $5.88M · ±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
$116 / 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
$169,949
Tax year 2023
Assessed value
$2,450,000
Assessed 2023
Previous assessed
$2,405,340
+1.9% YoY
Effective rate
6.94%
On assessed value
Assessed land
$616,980
Assessed improvement
$1,833,020
Land market value
$1,762,800
Improvement market value
$5,237,200
Total market value
$7,000,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2019
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
45,988 SF
Lot
6.78 ac (295,402 SF)
Zoning code
PO
APN
213-05-057
UPID
US66-2657951
Jurisdiction
CUYAHOGA
Zoning & alternative use
PO · Westlake, OHZoning PO · permitted uses
PO · Westlake, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Planned Office District is established to achieve, among others is to provide, in appropriate locations, areas for office development, both local and regional and to provide areas of sufficient size and locations for a combination of office use and accessory commercial and retail use.
Zone name
Planned Office
General category
COMMERCIAL
Zone area
42.86 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$7.8M
OFFICE BUILDING
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.8M
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
6.78 ac
Current owner
From public records · entity-resolved
Detroit Canterbury LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3951 CONVENIENCE CIR NW STE #301, CANTON, OH 44718-2686
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2024
—
Detroit Canterbury LLC
Detroit And Canterbury LLC
Deed
related
—
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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