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Property profile & analytics
OFF-MARKET
Strip malls
3231 Warrensville Ctr Rd Shaker Heights, OH 44122-3701
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US66-0113515
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1927
Construction
TYPE NOT SPECIFIED
Total area
8,136 SF
Lot
0.6 ac (25,950 SF)
Zoning code
C1
APN
733-34-047
UPID
US66-0113515
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
by Request
Owner & transaction history
Shakerwar Realty LLC · 23 yrs held
Shakerwar Realty LLC
since 2003
5 recorded transactions
Zoning & alternative use
C1 · Shaker Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is to accommodate small scale retail and service activities serving the convenience commercial needs of the surrounding neighborhoods while protecting the immediate neighborhood from adverse effects
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
7.29 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 Shaker Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shaker Heights 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$22,692
Tax year 2023
Assessed value
$161,560
Assessed 2023
Previous assessed
$161,560
+0.0% YoY
Effective rate
14.05%
On assessed value
Assessed land
$72,660
Assessed improvement
$88,900
Land market value
$207,600
Improvement market value
$254,000
Total market value
$461,600
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1927
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
8,136 SF
Lot
0.6 ac (25,950 SF)
Zoning code
C1
APN
733-34-047
UPID
US66-0113515
Jurisdiction
CUYAHOGA
Zoning & alternative use
C1 · Shaker Heights, OHZoning C1 · permitted uses
C1 · Shaker Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District is to accommodate small scale retail and service activities serving the convenience commercial needs of the surrounding neighborhoods while protecting the immediate neighborhood from adverse effects
Zone name
Limited Commercial
General category
COMMERCIAL
Zone area
7.29 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1927
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.6 ac
Current owner
From public records · entity-resolved
Shakerwar Realty LLC
Entity
Mailing address
5903 SOM CTR RD, SOLON, OH 44139-2334
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2003
$435,000
Shakerwar Realty LLC
Key Bank NA
Grant Deed
$400,000 · Republic Bank
May 2, 2001
—
Doris S Eisner
Cleveland Trust Co
Grant Deed
related
—
Mar 5, 2001
—
Sands Trust
Key Bank Trustee
Grant Deed
related
—
—
—
Shakerwar Realty LLC
—
Deed Of Trust
related
$400,000 · First Fed'l S & L Assn Lakewoo
—
—
Shakerwar Realty LLC
—
Deed Of Trust
related
$500,000 · Republic Bank
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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