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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Office buildings
32 Public Sq Willoughby, OH 44094-7854
Individually Owned
4-yr Hold
Free & Clear
Property ID
US66-1655387
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1928
Total area
25,108 SF
Lot
0.28 ac (12,197 SF)
Zoning code
G-B
APN
27-A-029-B-00-031-0
UPID
US66-1655387
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
$430k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$616k
Blend (final)
Blend
$615k
Owner & transaction history
Cre Jv Mixed Five Oh 1 Branch Holdi · 4 yrs held
Cre Jv Mixed Five Oh 1 Branch Holdi
since 2021
3 recorded transactions
Zoning & alternative use
G-B · Willoughby, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intended to provide for commercial services and activities in locations that are adequately served by major streets and other facilities and to encourage the grouping of businesses in shopping centers.
Zone name
General Business District
General category
COMMERCIAL
Zone area
405.96 ac
Source
Realmo
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Willoughby 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
$430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$24 / 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
$16,525
Tax year 2023
Assessed value
$174,540
Assessed 2023
Previous assessed
$174,540
+0.0% YoY
Effective rate
9.47%
On assessed value
Assessed land
$25,610
Assessed improvement
$148,930
Land market value
$73,180
Improvement market value
$425,520
Total market value
$498,700
Applied tax rate
27.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1928
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Total area
25,108 SF
Lot
0.28 ac (12,197 SF)
Zoning code
G-B
APN
27-A-029-B-00-031-0
UPID
US66-1655387
Jurisdiction
LAKE
Zoning & alternative use
G-B · Willoughby, OHZoning G-B · permitted uses
G-B · Willoughby, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intended to provide for commercial services and activities in locations that are adequately served by major streets and other facilities and to encourage the grouping of businesses in shopping centers.
Zone name
General Business District
General category
COMMERCIAL
Zone area
405.96 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1928
Heating
HOT WATER
Cooling
Yes
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Cre Jv Mixed Five Oh 1 Branch Holdi
Individual
Free & Clear · 4 yrs held
Mailing address
6814 EDINBORO PL, CONCORD TOWNSHIP, OH 44077-2366
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2021
—
Cre Jv Mixed Five Oh 1 Branch Holdi
Thomas W Roberts
Affidavit
—
Jul 29, 2016
$510,000
International Medical Education Gro
32 36 Public Square LLC
Limited Warranty Deed
$408,000 · Jpmorgan Chase Bank NA
Jan 22, 2014
$241,000
32-36 Public Square LLC
Willoughby Masonic Temple Co
Warranty Deed
—
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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