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    Property profile & analytics

    30500 Lk Shr Blvd Willowick, OH 44095-3600

    • Outlet malls
    • 11,108 SF
    • 1.11 lot acres
    OFF-MARKET
    Value Estimation
    $940,000
    Last Sale
    Mar 31, 2025
    $1,050,000
    Location Intelligence
    Property ID
    US66-2631846
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Outlet malls

    Property Details for 30500 Lk Shr Blvd

    Year built
    1997
    Lot size
    1.11 lot acres
    Property size
    11,108 SF
    Zone code
    UB3
    Property type
    Outlet malls
    APN
    28-A-043-O-00-018-0
    APU
    28A043O000180

    Description

    This exceptional 11,362-square-foot retail property, located at 30500 Lakeshore Boulevard in Willowick, Ohio, presents a unique investment opportunity. Currently vacant, the entire space is available for sale or lease. The building is classified as a single-tenant drugstore and sits on a sizable 1.23-acre lot (APN: 28A043O000180). Its prime location in Lake County offers excellent visibility and accessibility for potential tenants. The property's substantial size provides ample space for a variety of retail uses, making it an attractive prospect for businesses seeking a prominent presence in the Willowick market. The address is 30500 Lakeshore Blvd, Willowick, OH 44095. Given its size and location, this property is well-suited for a variety of retail concepts. The entire building is currently available, offering a blank canvas for a new tenant to establish a strong retail presence. The 1.23-acre lot provides ample parking and potential for future expansion. This is a rare opportunity to acquire a significant retail space in a desirable location. Serious inquiries are encouraged. The property is located at latitude 41.6396923 and longitude -81.4731755.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $875,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,020,000
      6.5%
      $1,050,000
      7%
      $1,025,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,145,000
      Geo Method
      $1,110,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,260,000
      Retail
      $1,195,000
      Mixed-Use
      $1,070,000
      Hospitality
      $985,000
      Educational
      $1,095,000
      Residential Income
      $1,190,000
      Energy
      $1,230,000
      Income-Based Land
      $945,000
      Food Service
      $1,150,000

    Location Insight

    • Map
    • Local Demand
    City
    Willowick
    County
    Lake
    State
    Ohio
    Longitude
    -81.4733
    Latitude
    41.6396
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $31,717
    $137,980
    $214,890
    $352,870
    -
    $394,230
    $613,980
    $1,008,210

    Comparable in this City

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      14,736 SF

      35279 Plz Dr

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      6,000 SF

      34480 Vine St

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      34480 Vine St, Willowick, OH 44095-5114
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    • Value Estimation by Request
      159,188 SF

      33752 Vine St

      WHOLESALE OUTLET, DISCOUNT STORE • 159,188 SF
      33752 Vine St, Willowick, OH 44095-5100
      View Details
    • Value Estimation
      $1,755,000
      14,848 SF

      35400 Vine St

      SHOPPING CENTER, STRIP CENTER • 14,848 SF
      35400 Vine St, Willowick, OH 44095-3168
      View Details

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    Willowick, OH 44095-3600
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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