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    Property profile & analytics

    31008 Lk Shr Blvd Willowick, OH 44095-3511

    • Gas stations
    • 1,260 SF
    • 0.67 lot acres
    OFF-MARKET
    Value Estimation
    $255,000
    Location Intelligence
    Property ID
    US66-1222087
    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

    • Gas stations

    Property Details for 31008 Lk Shr Blvd

    Year built
    1958
    Lot size
    0.67 lot acres
    Property size
    1,260 SF
    Zone code
    U-4
    Property type
    Gas stations
    APN
    28-A-044-G-00-002-0
    APU
    28A044G000020

    Description

    This exceptional 1,260 square foot auto shop, located at 31008 Lake Shore Blvd in Willowick, Ohio, presents a compelling investment opportunity. The property, situated on a 0.67-acre lot, boasts a prime location in a Retail District with high visibility. Built in 1958 and renovated in 1985, this single-story Class B building offers a single tenancy. The property benefits from its position on a signalized corner, making it highly accessible to customers. The area enjoys significant traffic volume, with over 20,000 vehicles per day passing on Vine Street and Lake Shore Boulevard. Furthermore, the property is surrounded by numerous national and regional retailers and quick-service restaurants, indicating a strong and established commercial area. The substantial population within a 5-mile radius (over 117,000 residents) provides a large potential customer base. The asking price for this redevelopment opportunity is $400,000. The property's APN is 28A044G000020. This is a rare chance to acquire a well-situated commercial property in a thriving Ohio community. The zoning is specifically designated for retail use.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $225,000

    • CAP approach

      CAP return
      Estimation
      6%
      $335,000
      6.5%
      $340,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $325,000
      Geo Method
      $330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $315,000
      Retail
      $335,000
      Mixed-Use
      $320,000
      Hospitality
      $330,000
      Educational
      $325,000
      Residential Income
      $335,000
      Energy
      $305,000
      Income-Based Land
      $275,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    Willowick
    County
    Lake
    State
    Ohio
    Longitude
    -81.4706
    Latitude
    41.6427
    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
    $4,599
    $35,680
    $13,720
    $49,400
    -
    $101,930
    $39,190
    $141,120

    Comparable in this City

    • Value Estimation by Request
      1,899 SF

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      29000 Lk Shr Blvd, Willowick, OH 44095-4657
      View Details
    • Value Estimation
      $205,000
      1,898 SF

      35100 Vine St

      SERVICE STATION (FULL SERVICE) • 1,898 SF
      35100 Vine St, Willowick, OH 44095
      View Details
    • Value Estimation
      $245,000
      3,040 SF

      31520 Vine St

      SERVICE STATION (FULL SERVICE) • 3,040 SF
      31520 Vine St, Willowick, OH 44095-3560
      View Details
    • Value Estimation by Request
      2,408 SF

      36241 Lk Shr Blvd

      SERVICE STATION (FULL SERVICE) • 2,408 SF
      36241 Lk Shr Blvd, Eastlake, OH 44095-1439
      View Details
    • Value Estimation
      $180,000
      1,577 SF

      35760 Lk Shr Blvd

      SERVICE STATION (FULL SERVICE) • 1,577 SF
      35760 Lk Shr Blvd, Eastlake, OH 44095-1852
      View Details
    • Value Estimation by Request
      1,849 SF

      31428 Vine St

      SERVICE STATION (FULL SERVICE) • 1,849 SF
      31428 Vine St, Willowick, OH 44095-3558
      View Details

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      View Details
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    Willowick, OH 44095-3511
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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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