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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
28021 Miles Rd Chagrin Falls, OH 44022-2149
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2253692
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1970
Construction
TYPE NOT SPECIFIED
Total area
555 SF
Lot
0.62 ac (26,964 SF)
Zoning code
U-4
APN
901-09-013
UPID
US66-2253692
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
Ma Gas Properties LLC · 4 yrs held
Ma Gas Properties LLC
since 2022
Last sale
$350,000
7 recorded transactions
Zoning & alternative use
U-4 · Chagrin Falls, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Chagrin Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chagrin Falls 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
$12,182
Tax year 2023
Assessed value
$144,000
Assessed 2023
Previous assessed
$144,000
+0.0% YoY
Effective rate
8.46%
On assessed value
Assessed land
$116,100
Assessed improvement
$27,900
Land market value
$331,700
Improvement market value
$79,700
Total market value
$411,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
CONVENIENCE STORE
Status
Off-Market
Year built
1970
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
555 SF
Lot
0.62 ac (26,964 SF)
Zoning code
U-4
APN
901-09-013
UPID
US66-2253692
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-4 · Chagrin Falls, OH
Zoning U-4 · permitted uses
U-4 · Chagrin Falls, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chagrin Falls. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Ma Gas Properties LLC
Entity
Mailing address
7208 SELWORTHY LN, SOLON, OH 44139-4763
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2023
—
Ma Gas Properties LLC
—
Deed
related
$1,110,000 · The Mint National Bank
Jun 2, 2022
$350,000
Ma Gas Properties LLC
28021 Miles Rd LLC
Warranty Deed
$450,000 · The Mint National Bank
Oct 19, 2012
$430,000
Miles Rd 28021
Kpd Ents LLC
Grant Deed
—
Apr 27, 2010
—
Kpd Ents LLC
Hsand LLC
Grant Deed
related
—
Jun 26, 2008
$490,000
Hsand LLC
Kpd Ents LLC
Grant Deed
$449,000 · Kpd Ents LLC
Aug 14, 2003
—
Kpd Enterprises LLC
Otg 3 LLC
Quit Claim Deed
related
—
—
—
28021 Miles Rd LLC
—
Deed Of Trust
related
$430,000 · Kpd Ens LLC
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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