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Property profile & analytics
OFF-MARKET Estimated value $545,000
Strip malls

27315 Detroit Rd 27331 Westlake, OH 44145-5920

17,792 SF 1.61 ac lot Built 1970
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US66-1228781
Property summary
AI-generated overview

This exceptional 1,350-square-foot retail space is available for lease at 27315 Detroit Rd, Westlake, OH 44145. Located in a single-story building, this unit is part of a multi-tenant property with a strong tenant mix. The space is immediately available and offers excellent visibility due to its location near the intersection of Detroit Road (RT 254) and Dover Center Road, within a five-minute drive of Crocker Park. The property boasts a prime location with impressive demographics, including a median household income exceeding $90,000 and a population of over $62,500 within a three-mile radius. This area is well-served by major retailers such as Ace Hardware, Discount Drug Mart, and Marc's Grocery Store. The property's existing tenants include well-established businesses like Sherwin-Williams Paint Store, Papa John's Pizza, and Mr. Hero, creating a vibrant and successful retail environment. The property's APN is 212-22-022. This is a fantastic opportunity for a business seeking high visibility and a strong customer base in a thriving Westlake community. The space is easily accessible and offers ample parking. Contact us today to learn more about this exceptional retail leasing opportunity.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1970
Construction TYPE NOT SPECIFIED
Total area 17,792 SF
Lot 1.61 ac (70,249 SF)
Zoning code GB
APN 212-22-022
UPID US66-1228781
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
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$545k
Owner & transaction history
Landspan Corp
Landspan Corp
1 recorded transaction
1969
Price N/A
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
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