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Property profile & analytics
OFF-MARKET
Estimated value
$3,565,000
Medical Office Space
36100 Euclid Ave Willoughby, OH 44094-4456
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US66-1171099
Property summary
AI-generated overview
This exceptional Willoughby, Ohio office property, located at 36100 Euclid Avenue, offers a unique blend of coworking and medical office spaces. The single, four-story building, constructed in 1979, boasts a total of 46,531 square feet, with 5,173 square feet currently available for lease. The property is zoned for retail business use and is conveniently situated in Lake County, Ohio, zip code 44094. Multiple tenancy options are available, catering to diverse business needs. Individual suites range from a minimum of 674 square feet to a maximum contiguous space of 2,500 square feet, providing flexibility for various business sizes and configurations. The property's prime location and adaptable spaces make it an ideal choice for a range of businesses, from startups seeking collaborative coworking environments to established medical practices requiring dedicated office space. The property features convenient access and ample parking (details not provided). This is a rare opportunity to secure high-quality office space in a thriving Willoughby community. The property's APN numbers are 27A0150000110, 27A0150000120, and 27A0150000130. Inquire today to learn more about leasing opportunities.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Total area
46,531 SF
Lot
1.72 ac (74,923 SF)
Zoning code
L-B
APN
27-A-015-0-00-011-0
UPID
US66-1171099
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
Current use
Occupant on record · Public records
-
Lake Health Physician Group Bariatric Surgery Medical Clinic Hospital
-
Dr. Aviv Ben-Meir M.D. Physician
-
Dr. Lisa A. Davis, MD Physician Medical Clinic
-
Cudnik Daniel B MD Physician Medical Clinic
-
Consultants In Gastroenterology, Inc Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.35M
Blend (final)
Blend
$3.57M
Owner & transaction history
Mp Enterprises · 18 yrs held
Mp Enterprises
since 2007
1 recorded transaction
Zoning & alternative use
L-B · Willoughby, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
1131.02 USE REGULATIONS.
Top alternative use upside
Auto repair, garage
$3.9M
+19.1%
Commercial (general)
$3.7M
+14.1%
Retail stores
$3.6M
+11.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,275,000
Current use
AUTO REPAIR, GARAGE
$3,900,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,735,000
Change: +14% · Conversion: Easy
RETAIL STORES
$3,645,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$2,765,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$3.57M
Range $3.21M – $3.92M · ±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
$77 / 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
$104,285
Tax year 2023
Assessed value
$1,306,540
Assessed 2023
Previous assessed
$1,306,540
+0.0% YoY
Effective rate
7.98%
On assessed value
Assessed land
$236,010
Assessed improvement
$1,070,530
Land market value
$674,310
Improvement market value
$3,058,660
Total market value
$3,732,970
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
46,531 SF
Lot
1.72 ac (74,923 SF)
Zoning code
L-B
APN
27-A-015-0-00-011-0
UPID
US66-1171099
Jurisdiction
LAKE
Zoning & alternative use
L-B · Willoughby, OHZoning L-B · permitted uses
L-B · Willoughby, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
1131.02 USE REGULATIONS.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.7M
RETAIL STORES
Est. value
$3.6M
OFFICE BUILDING
Est. value
$2.8M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
1979
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
Mp Enterprises
Entity
Mailing address
1360 E 9TH ST STE #300, CLEVELAND, OH 44114-1730
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2007
—
Mp Enterprises
Mp Enterprises
Quit Claim Deed
related
$4,500,000 · Sun Life Assurance Co
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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