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Property profile & analytics
OFF-MARKET
Commercial real estate
27234 Chardon Rd Willoughby Hills, OH 44092-2920
Entity Owned
16-yr Hold
Free & Clear
Property ID
US66-2242532
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
1.06 ac (46,174 SF)
Zoning code
M
APN
31-A-008-C-00-050-0
UPID
US66-2242532
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
Willowick Land Group LLC · 16 yrs held
Willowick Land Group LLC
since 2009
1 recorded transaction
Zoning & alternative use
M · Willoughby Hills, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The M District is established to provide, preserve and protect medium density residential areas for multi-family dwellings arranged to provide good building site design and effective open space in areas adequately served by City utilities and streets
Zone name
Multifamily
General category
RESIDENTIAL
Zone area
22.53 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 Willoughby Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Willoughby Hills 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
$531
Tax year 2023
Assessed value
$6,950
Assessed 2023
Previous assessed
$6,950
+0.0% YoY
Effective rate
7.64%
On assessed value
Assessed land
$6,950
Land market value
$19,860
Total market value
$19,860
Applied tax rate
31.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Lot
1.06 ac (46,174 SF)
Zoning code
M
APN
31-A-008-C-00-050-0
UPID
US66-2242532
Jurisdiction
LAKE
Zoning & alternative use
M · Willoughby Hills, OHZoning M · permitted uses
M · Willoughby Hills, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The M District is established to provide, preserve and protect medium density residential areas for multi-family dwellings arranged to provide good building site design and effective open space in areas adequately served by City utilities and streets
Zone name
Multifamily
General category
RESIDENTIAL
Zone area
22.53 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
1.06 ac
Current owner
From public records · entity-resolved
Willowick Land Group LLC
Entity
Free & Clear · 16 yrs held
Mailing address
4945 POINTE PKWY STE A, WARRENSVILLE HEIGHTS, OH 44128-5999
Ownership since
2009
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
Oct 2, 2009
—
Willowick Land Group LLC
Milstein Carl Trust
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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