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    Property profile & analytics

    36595 Euclid Ave Willoughby, OH 44094-4449

    • Outlet malls
    • 109,803 SF
    • 9.77 lot acres
    OFF-MARKET
    Value Estimations
    $7,495,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1569447
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • BJ's Wholesale Club / Big Box & Wholesale Store / Grocery & Convenience Store
    • BJ's Bakery / Bakery / Specialty Food Shop
    • BJ's Tire Center / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • AT&T Store / Telecommunications Service
    • BJ's Gas Station / Gas Station

    Property Details for 36595 Euclid Ave

    Year built
    1998
    Lot size
    9.77 lot acres
    Property size
    109,803 SF
    Property type
    Outlet malls
    APN
    27-A-013-G-01-001-0
    APU
    27A013G010010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,954,000
      Market price range: $4.63M - $13.9M
      AI Estimate
      $5,742,000
      Market price range: $2.63M - $10.9M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $8,605,000
      Current use
      AUTO REPAIR, GARAGE
      $9,205,000
      Change: +7% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $8,820,000
      Change: +3% Conversion: Easy
      MEDICAL BUILDING
      $7,725,000
      Change: -10% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Willoughby
    County
    Lake
    State
    Ohio
    Longitude
    -81.4259
    Latitude
    41.6304
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $168,020
    $1,340,640
    $717,380
    $2,058,020
    -
    $3,830,390
    $2,049,670
    $5,880,060

    Comparable in this City

    • Value Estimation
      $1,390,000
      11,269 SF

      6005 Som Ctr Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 11,269 SF
      6005 Som Ctr Rd, Willoughby, OH 44094-9646
      View Details
    • Value Estimation
      $1,635,000
      13,757 SF

      34835 Rdg Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 13,757 SF
      34835 Rdg Rd, Willoughby, OH 44094-4133
      View Details
    • Value Estimation
      $1,320,000
      92,160 SF

      34911 Euclid Ave, Unit 35275

      REGIONAL SHOPPING CENTER, MALL • 92,160 SF
      34911 Euclid Ave, Willoughby, OH 44094-4505
      View Details
    • Value Estimation by Request
      11,435 SF

      36315 Euclid Ave

      REGIONAL SHOPPING CENTER, MALL • 11,435 SF
      36315 Euclid Ave, Willoughby, OH 44094-4414
      View Details
    • Value Estimation by Request
      18,070 SF

      4821 Robinhood Dr, Unit 4927

      SHOPPING CENTER, STRIP CENTER • 18,070 SF
      4821 Robinhood Dr, Willoughby, OH 44094-4422
      View Details
    • Value Estimation by Request
      1,370 SF

      9177 Chillicothe Rd, Unit 9209

      SHOPPING CENTER, STRIP CENTER • 1,370 SF
      9177 Chillicothe Rd, Willoughby, OH 44094-9263
      View Details

    Similar Nearby for Sale

    • $1,800,000
      11,000 SF

      Willoughby Retail/Office Investment Opportunity

      Meticulously maintained retail/office asset in Willoughby's business district.
      37111 Euclid Ave, Willoughby, OH 44094
      View Details
    • $2,800,000
      1.56 Acres

      Downtown Willoughby Investment Opportunity

      Modern two-story building in historic downtown Willoughby, suitable for various ventures.
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      View Details
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      52,272 SF

      Willoughby Mixed-Use Development Opportunity

      Prime 54,000 SF Mixed-Use Property in Willoughby, OH
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    • $695,000
      1,760 SF

      Kirtland Flex Space & Rental House

      Prime Kirtland location, 3.3 acres, great income potential.
      10612 Chillicothe Rd, Kirtland, OH 44094
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    • $105,000
      446 SF

      Willoughby Retail Space - Turnkey Ready

      Prime Downtown Willoughby location, fully equipped salon.
      38091 Euclid Ave, Willoughby, OH 44094
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    • $2,200,000
      11,250 SF

      Willoughby Retail Center - High ROI

      Nine-unit retail building, strong tenant base.
      37111 Euclid Ave, Willoughby, OH 44094
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,211 SF

      Retail Space in Willoughby Commons

      Retail spaces available in high-traffic Willoughby Commons shopping center.
      36395 Euclid Ave, Willoughby, OH 44094
      View Details
    • Contact for pricing
      2,080 SF

      Willoughby Retail Space for Lease

      Retail spaces available in Willoughby's central trade area.
      4821-4927 Robinhood Dr, Willoughby, OH 44094
      View Details
    • Contact for pricing
      4,550 SF

      Willoughby Retail Space For Lease

      Retail spaces available in Willoughby's central trade area.
      Robinhood Dr, Willoughby, OH 44094
      View Details
    • Contact for pricing
      38,750 SF

      Willoughby Retail Center Opportunity

      Prime Willoughby retail space available.
      35101 Euclid Ave, Willoughby, OH 44094
      View Details
    • Contact for pricing
      10,000 SF

      Retail Plaza Space Available

      Retail spaces available in plaza near major retailers.
      36245-36301 Euclid Ave, Willoughby, OH 44094
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space Near Heinen's Foods

      Retail spaces available in established Willoughby shopping center.
      5900 Som Center Rd, Willoughby, OH 44094
      View Details
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    Willoughby, OH 44094-4449
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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