Entity Owned Property summary
AI-generated overview
This exceptional 23,976-square-foot freestanding retail building is located at 33459 Vine Street in Eastlake, Ohio, directly across from a Walmart Supercenter. The single-story structure, built in 1998, sits on a 0.57-acre lot and boasts ample surface parking with two convenient ingress/egress points. Zoned R-BUS, this property is ideally suited for a variety of retail uses. Vine Street, a major thoroughfare, ensures high visibility and accessibility. The property benefits from a strong demographic profile, with over 120,600 people within a five-mile radius, an average household income of $56,792, and projected annual population growth. This vibrant community offers a thriving consumer base and a robust labor pool. Eastlake-Willowick's attractive location near Lake Erie, coupled with nearby parks like Euclid Beach Park and Wildwood Park, enhances the area's appeal. The property's strategic location and significant size present a compelling opportunity for retail businesses seeking a prominent presence in a growing market. The entire building is currently vacant.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1998
Lot
0.57 ac (24,838 SF)
Zoning code
R-BUS
APN
34-A-007-0-00-057-0
UPID
US66-2353395
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$205k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$205k
Owner & transaction history
since 2016
1 recorded transaction
Zoning & alternative use
R-BUS · Willowick, OH
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$205k
Value range
$185k – $226k
±10% around blend
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$185k
blend $205k
$226k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
Lot area
0.57 ac
Year built
1998
Stories
1
APN
34-A-007-0-00-057-0
Zoning
R-BUS
Assessed value
$43,250
Annual tax
$3,761
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$205k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 23 sales
$78
N/A
County 101 sales
$63
N/A
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
Not available
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$43k
Move the market yield to see immediate price impact.
Value / SF
N/A
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$3k
$55k
$39k
$30k
$3k
$61k
$43k
$34k
$3k
$67k
$48k
$37k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,761
Tax year 2023
Assessed value
$43,250
Assessed 2023
Previous assessed
$43,250
+0.0% YoY
Effective rate
8.70%
On assessed value
Assessed land
$36,950
Assessed improvement
$6,300
Land market value
$105,570
Improvement market value
$18,000
Total market value
$123,570
Applied tax rate
34.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1998
Heating
NONE
Stories
1
Lot
0.57 ac (24,838 SF)
Zoning code
R-BUS
APN
34-A-007-0-00-057-0
UPID
US66-2353395
Jurisdiction
LAKE
Zoning & alternative use
R-BUS · Willowick, OHZoning R-BUS · permitted uses
R-BUS · Willowick, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Stories
1
Lot
0.57 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R-BUS
Jurisdiction
Willowick, OH
Recorded code
R-BUS
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-BUS in Willowick, OH.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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