Technical
Financial
Distress signals
Property profile

28560 Miles Rd Solon, OH 44139

OFF-MARKET
Retail space
Property ID
US66-1139925
24,292 SF 16.39 ac lot Built 1900
Entity Owned 17-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction WOOD
Total area 24,292 SF
Lot 16.39 ac (714,062 SF)
Zoning code C-3
APN 951-04-013
UPID US66-1139925

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop Farmer's Market

Location

28560 Miles Rd Solon, OH 44139-1141
Solon metro Census 184104 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.59M
Comparable Approach Comparable
$2.68M
Blend (final) Blend
$2.83M

Owner & transaction history

since 2009
5 recorded transactions
2011
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-3 · Solon, OH
Zoning description

The “C-3” (Commercial) Zoning District has been established to provide for the rational development and redevelopment of specific areas within the City of Solon. The “C-3” district is intended to permit a wide range of c…

General category COMMERCIAL
Top alternative use upside
Restaurant $4.1M +163.2%
Office building $3.5M +125.3%
Medical building $2.6M +69.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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