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Property profile & analytics
OFF-MARKET
Estimated value
$7,495,000
Outlet malls
36595 Euclid Ave Willoughby, OH 44094-4449
Entity Owned
6-yr Hold
Free & Clear
Property ID
US66-1569447
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1998
Total area
109,803 SF
Lot
9.77 ac (425,581 SF)
APN
27-A-013-G-01-001-0
UPID
US66-1569447
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.95M
Blend (final)
Blend
$7.50M
Owner & transaction history
Willoughby Commons LLC · 6 yrs held
Willoughby Commons LLC
since 2019
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.2M
+7.0%
Commercial (general)
$8.8M
+2.5%
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 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
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
Blend value · Realmo final
$7.50M
Range $6.75M – $8.24M · ±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
$68 / 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
$168,020
Tax year 2023
Assessed value
$2,058,020
Assessed 2023
Previous assessed
$2,058,020
+0.0% YoY
Effective rate
8.16%
On assessed value
Assessed land
$1,340,640
Assessed improvement
$717,380
Land market value
$3,830,390
Improvement market value
$2,049,670
Total market value
$5,880,060
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1998
Heating
FLOOR/WALL FURNACE
Cooling
CENTRAL
Stories
1
Total area
109,803 SF
Lot
9.77 ac (425,581 SF)
APN
27-A-013-G-01-001-0
UPID
US66-1569447
Jurisdiction
LAKE
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
$8.6M
AUTO REPAIR, GARAGE
Est. value
$9.2M
COMMERCIAL (GENERAL)
Est. value
$8.8M
MEDICAL BUILDING
Est. value
$7.7M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL 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
1998
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Lot
9.77 ac
Current owner
From public records · entity-resolved
Willoughby Commons LLC
Entity
Free & Clear · 6 yrs held
Mailing address
25 RESEARCH DR, WESTBOROUGH, MA 01581-3680
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2019
—
Willoughby Commons LLC
First Interstate Willoughby Ltd
Warranty Deed
—
Dec 3, 2019
—
First Interstate Willoughby Lt
Interstate Willoughby First
Quit Claim Deed
related
—
Oct 4, 2012
—
Interstate Willoughby Lt First
—
Deed Of Trust
related
$27,500,000 · John Hancock Life Insurance 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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