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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Automotive properties
28400 Chardon Rd Willoughby Hills, OH 44092-2714
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-2405961
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1970
Construction
WOOD
Total area
19,852 SF
Lot
2.02 ac (87,991 SF)
Zoning code
B
APN
31-A-008-C-00-002-0
UPID
US66-2405961
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
$1.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.54M
Owner & transaction history
Kg Re Investments Willoughby Hills · 2 yrs held
Kg Re Investments Willoughby Hills
since 2023
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
B · Willoughby Hills, 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 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
Method
Estimation
Statistic approach
$1,620,000
ML approach
$1,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,665,000
Current use
OFFICE BUILDING
$1,435,000
Change: -14% · Conversion: Difficult
MEDICAL BUILDING
$1,395,000
Change: -16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,330,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±10% · vs last sale $1.50M (Dec 5 2023)
Last sale anchor
$1.50M
Dec 5 2023
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
$78 / 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
$27,207
Tax year 2023
Assessed value
$341,510
Assessed 2023
Previous assessed
$341,510
+0.0% YoY
Effective rate
7.97%
On assessed value
Assessed land
$80,570
Assessed improvement
$260,940
Land market value
$230,210
Improvement market value
$745,530
Total market value
$975,740
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
19,852 SF
Lot
2.02 ac (87,991 SF)
Zoning code
B
APN
31-A-008-C-00-002-0
UPID
US66-2405961
Jurisdiction
LAKE
Zoning & alternative use
B · Willoughby Hills, OH
Zoning B · permitted uses
B · Willoughby Hills, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Willoughby Hills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
MEDICAL BUILDING
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
1970
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.02 ac
Current owner
From public records · entity-resolved
Kg Re Investments Willoughby Hills
Entity
Mailing address
28400 CHARDON RD, WILLOUGHBY HILLS, OH 44092-2714
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2023
$1,500,000
Kg Re Investments Willoughby Hills
28400 Chardon Road LLC
Limited Warranty Deed
$941,800 · Truist Bank
Jan 18, 2017
—
Dennis H Weisenberg
Weisenberg Elliott F Trust
Quit Claim Deed
—
Mar 21, 2014
—
Weisenberg,elliott F Trust
Weisenberg,elliott
Affidavit Of Death
related
—
Jul 29, 2005
$9,000
City Of Willoughby Hills Ohio
Weisenberg,elliott
Warranty Deed
—
—
—
John J Whittington
—
Deed Of Trust
related
$150,500 · Republic 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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