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Property profile & analytics
OFF-MARKET
Estimated value
$5,860,000
Community centers
30000 Detroit Rd Westlake, OH 44145
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-2638891
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1993
Construction
TYPE NOT SPECIFIED
Total area
52,748 SF
Lot
25.85 ac (1,125,951 SF)
Zoning code
SC
APN
211-25-002
UPID
US66-2638891
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
$5.86M
Owner & transaction history
Promenade Delaware Member LLC · 20 yrs held
Promenade Delaware Member LLC
since 2006
7 recorded transactions
Zoning & alternative use
SC · Westlake, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Shopping Center District is intended for sufficient size and in highly accessible locations to encourage the development of planned, integrated shopping centers within the community.
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
75.22 ac
Source
Realmo
Top alternative use upside
Restaurant
$8.9M
+66.5%
Office building
$7.6M
+41.3%
Apartment house (5+ units)
$5.8M
+9.1%
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 Westlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westlake 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,345,000
Current use
RESTAURANT
$8,900,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$7,550,000
Change: +41% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,830,000
Change: +9% · Conversion: Difficult
MEDICAL BUILDING
$5,730,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,695,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,370,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$5.86M
Range $5.27M – $6.45M · ±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
$111 / 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
$903,086
Tax year 2023
Assessed value
$13,018,960
Assessed 2023
Previous assessed
$12,797,760
+1.7% YoY
Effective rate
6.94%
On assessed value
Assessed land
$4,298,040
Assessed improvement
$8,720,920
Land market value
$12,280,100
Improvement market value
$24,916,900
Total market value
$37,197,000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1993
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
7
Stories
1
Rooms
9
Bathrooms
2
Total area
52,748 SF
Lot
25.85 ac (1,125,951 SF)
Zoning code
SC
APN
211-25-002
UPID
US66-2638891
Jurisdiction
CUYAHOGA
Zoning & alternative use
SC · Westlake, OHZoning SC · permitted uses
SC · Westlake, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Shopping Center District is intended for sufficient size and in highly accessible locations to encourage the development of planned, integrated shopping centers within the community.
Zone name
Shopping Center
General category
COMMERCIAL
Zone area
75.22 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.3M
RESTAURANT
Est. value
$8.9M
OFFICE BUILDING
Est. value
$7.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$4.7M
COMMERCIAL (GENERAL)
Est. value
$4.4M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1993
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
7
Rooms
9
Bathrooms
2
Lot
25.85 ac
Current owner
From public records · entity-resolved
Promenade Delaware Member LLC
Entity
Mailing address
629 EUCLID AVE STE #1300, CLEVELAND, OH 44114-3003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2017
—
Cleveland Restaurant Operation
—
Deed
related
$520,000 · Citizens Bk
Jul 5, 2016
—
Promenade Delaware LLC
—
Deed
related
$48,000,000 · Miscellaneous Ins Co
May 23, 2006
—
Promenade Delaware Member LLC
Westlake Center Associates
Warranty Deed
$42,450,000 · Prudential Mortgage Capital Co
Sep 19, 2005
—
Cleveland Restaurant Operation
—
Trustees Deed
related
$500,000 · Huntington National Bank
—
—
Promenade De LLC
—
Deed Of Trust
related
$3,330,561 · Us Bank NA Series 2006-c2 (te)
—
—
Promenade Delaware LLC
—
Deed Of Trust
related
$48,000,000 · Miscellaneous Ins Co
—
—
Westlake Center Assoc LP
—
Deed Of Trust
related
$5,500,000 · Lasalle National Bank
—
—
Cleveland Restaurant Operation
—
Deed Of Trust
related
$520,000 · Citizens Bk
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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