Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Outlet malls
322 High St Cortland, OH 44410-1419
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2620802
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2001
Construction
WOOD FRAME
Total area
7,920 SF
Lot
0.88 ac (38,376 SF)
APN
34-017500
UPID
US66-2620802
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
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$583k
Blend (final)
Blend
$780k
Owner & transaction history
Clean Clothes Enterprises INC · 4 yrs held
Clean Clothes Enterprises INC
since 2022
Last sale
$775,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$730,000
+35.6%
Commercial (general)
$725,000
+34.4%
Medical building
$650,000
+20.5%
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 Cortland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cortland 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
$760,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$540,000
Current use
RESTAURANT
$730,000
Change: +36% · Conversion: Easy
COMMERCIAL (GENERAL)
$725,000
Change: +34% · Conversion: Easy
MEDICAL BUILDING
$650,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$535,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$505,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $775k (Mar 2 2022)
Last sale anchor
$775k
Mar 2 2022
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
$98 / 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
$11,125
Tax year 2023
Assessed value
$170,420
Assessed 2023
Previous assessed
$106,580
+59.9% YoY
Effective rate
6.53%
On assessed value
Assessed land
$40,710
Assessed improvement
$129,710
Land market value
$116,300
Improvement market value
$370,600
Total market value
$486,900
Applied tax rate
34.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2001
Construction
WOOD FRAME
Heating
NONE
Stories
1
Total area
7,920 SF
Lot
0.88 ac (38,376 SF)
APN
34-017500
UPID
US66-2620802
Jurisdiction
TRUMBULL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$540,000
RESTAURANT
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$725,000
MEDICAL BUILDING
Est. value
$650,000
OFFICE BUILDING
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$505,000
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2001
Construction
WOOD FRAME
Heating
NONE
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Clean Clothes Enterprises INC
Entity
Mailing address
10924 SORREL RDG DR, MINT HILL, NC 28227-3635
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
$775,000
Clean Clothes Enterprises INC
Cocca Development Ltd
Limited Warranty Deed
—
Aug 29, 2018
$1,000
Cocca Dev Ltd
Digiacobbe Vincent J L/tr
Grant Deed
—
Jul 15, 2014
—
Cocca Dev Ltd
—
Loan Modification
related
$3,500,000 · Huntington Nat'l Bk
Mar 19, 2012
—
Cocca Dev Ltd
—
Deed Of Trust
related
$2,500,000 · Huntington National Bank
—
—
Cocca Dev Ltd
—
Deed Of Trust
related
$3,670,000 · Ameriserv Financial Bank
—
—
Cocca Dev Ltd
—
Deed Of Trust
related
$250,000 · Sky Bank
—
—
Cocca Dev Ltd
—
Deed Of Trust
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 322 High St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
