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Property profile & analytics
OFF-MARKET
Estimated value
$9,325,000
Hotels
3663 Park E Dr Beachwood, OH 44122-4315
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-2047571
Property summary
AI-generated overview
This exceptional retail property, located at 3663 Park E Dr in Beachwood, Ohio (zip code 44122), offers a total of 937,601 square feet of leasable space. Situated on a generous 10-acre lot in Cuyahoga County, this multi-tenant building presents a unique opportunity for businesses seeking flexible space options. The property is currently 100% vacant, providing a blank canvas for a diverse range of retail concepts. Units are available in sizes ranging from a minimum of 310 square feet to a maximum contiguous space of 137,250 square feet, catering to a wide spectrum of tenant needs and business scales. The property's prime location in Beachwood offers excellent visibility and accessibility, ensuring high foot traffic and strong potential for business growth. This is an unparalleled opportunity to establish a presence in a thriving retail market. The property is categorized as retail and is ready for immediate occupancy. Contact us today to learn more about leasing opportunities and explore the possibilities this expansive retail center offers.
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1977
Construction
TYPE NOT SPECIFIED
Total area
41,686 SF
Lot
9.98 ac (434,870 SF)
Zoning code
U-9
APN
742-29-017
UPID
US66-2047571
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
$9.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.35M
Blend (final)
Blend
$9.33M
Owner & transaction history
3663 Park East My Place LLC · 4 yrs held
3663 Park East My Place LLC
since 2021
Last sale
$12.4M
7 recorded transactions
Zoning & alternative use
U-9 · Beachwood, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.0M
+54.1%
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 Beachwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beachwood 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
$11,375,000
ML approach
$9,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$7,030,000
Change: +54% · Conversion: Difficult
Blend value · Realmo final
$9.33M
Range $8.39M – $10.26M · ±10% · vs last sale $12.38M (Nov 15 2021)
Last sale anchor
$12.38M
Nov 15 2021
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
$224 / 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
$355,319
Tax year 2023
Assessed value
$4,334,400
Assessed 2023
Previous assessed
$4,234,620
+2.4% YoY
Effective rate
8.20%
On assessed value
Assessed land
$1,293,740
Assessed improvement
$3,040,660
Land market value
$3,696,400
Improvement market value
$8,687,600
Total market value
$12,384,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1977
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
403
Bathrooms
403
Total area
41,686 SF
Lot
9.98 ac (434,870 SF)
Zoning code
U-9
APN
742-29-017
UPID
US66-2047571
Jurisdiction
CUYAHOGA
Zoning & alternative use
U-9 · Beachwood, OH
Zoning U-9 · permitted uses
U-9 · Beachwood, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Beachwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$7.0M
RESTAURANT
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
1977
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
403
Bathrooms
403
Lot
9.98 ac
Current owner
From public records · entity-resolved
3663 Park East My Place LLC
Entity
Mailing address
2019 CTR ST, CLEVELAND, OH 44113-2368
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
—
3663 Park East My Place LLC
—
Deed
related
$10,750,000 · Peoples Bank
Nov 15, 2021
$12,384,000
3663 Park East My Place LLC
Comm 2014 Ccre20 Beachwood Hotel Ll
Limited Warranty Deed
$10,326,086 · Fund Investment 138 LLC
Jan 14, 2021
—
Comm 2014 Ccre20 Beachwood Hot
Cleveland Beachwood Hospitalit
Warranty Deed
related
—
Sep 19, 2014
—
Cleveland Beachwood Hospitalit
—
Grant Deed
related
$28,500,000 · Cantor Com'l R/e Lndg
Nov 9, 2007
—
Doubletree Dtwc LLC
Doubletree Corp
Quit Claim Deed
related
—
Nov 9, 2007
$14,900,000
Cleveland Beachwood Hospitalit
Doubletree Dtwc LLC
Deed Of Trust
related
$19,200,000 · Manufacturers Traders & Trust
Nov 5, 2001
—
Doubletree Corp
Red Lion Hotels INC
Grant Deed
related
—
Sep 18, 2000
—
Dtm Burlingame INC
Boykin Hotel Properties LP
Grant Deed
related
—
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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