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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Retail space
28149 Chagrin Blvd, Woodmere, OH 44122-4521
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-0455734
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1982
Construction
TYPE NOT SPECIFIED
Total area
6,657 SF
Lot
0.62 ac (26,794 SF)
Zoning code
U-3
APN
891-07-041
UPID
US66-0455734
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
$985k
Comparable Approach
Comparable
$734k
Blend (final)
Blend
$715k
Owner & transaction history
Alson Jewelers INC · 1 yrs held
Alson Jewelers INC
since 2025
3 recorded transactions
Zoning & alternative use
U-3 · Woodmere, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+163.2%
Office building
$730,000
+71.5%
Medical building
$725,000
+69.5%
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 Woodmere submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woodmere 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%
$1,065,000
6.5%
$985,000
7%
$915,000
Alternative Use
Use
Estimation
RESTAURANT
$1,125,000
Change: +163% · Conversion: Easy
OFFICE BUILDING
$730,000
Change: +71% · Conversion: Easy
MEDICAL BUILDING
$725,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$675,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$590,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$550,000
Change: +29% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$495,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$107 / 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
$46,139
Tax year 2023
Assessed value
$590,530
Assessed 2023
Previous assessed
$590,530
+0.0% YoY
Effective rate
7.81%
On assessed value
Assessed land
$234,470
Assessed improvement
$356,060
Land market value
$669,900
Improvement market value
$1,017,300
Total market value
$1,687,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1982
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,657 SF
Lot
0.62 ac (26,794 SF)
Zoning code
U-3
APN
891-07-041
UPID
US66-0455734
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-3 · Woodmere, OH
Zoning U-3 · permitted uses
U-3 · Woodmere, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woodmere. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$730,000
MEDICAL BUILDING
Est. value
$725,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$550,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$495,000
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1982
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Alson Jewelers INC
Entity
Mailing address
28149 CHAGRIN BLVD, BEACHWOOD, OH 44122-4521
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2025
—
Alson Jewelers INC
Gem Realty Ltd
Deed
$1,878,000 · Alloy Development Co INC
—
—
Gem Realty Ltd
—
Deed Of Trust
related
$1,500,000 · National City Bank
—
—
Gem Realty Ltd
—
Deed Of Trust
related
$500,000 · Ohio Commerce Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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