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Property profile & analytics
OFF-MARKET
Flex space
37105 Code Ave, Willoughby, OH 44094-6337
Entity Owned
13-yr Hold
Free & Clear
Property ID
US66-1291344
Property summary
AI-generated overview
This exceptional Willoughby, Ohio warehouse property at 37105 Code Ave offers 5,700 square feet of versatile space, ideal for multiple tenants. Currently, 5,360 square feet is immediately available, divisible into units as small as 2,510 square feet, with a maximum contiguous space of 5,360 square feet. Located in Lake County, Ohio, with a convenient 44094 zip code, this property sits on a half-acre lot, providing ample outdoor space. The warehouse boasts a desirable 14-foot ceiling height, facilitating efficient storage and operations. One drive-in door ensures easy loading and unloading of goods. The property is classified as both Office and Industrial, making it suitable for a variety of businesses. This prime location offers excellent access to transportation routes and is ready for immediate occupancy. The building's flexible layout allows for customization to meet specific tenant needs. Inquire today to secure your space in this highly sought-after warehouse.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1960
Total area
12,676 SF
Lot
0.61 ac (26,750 SF)
Zoning code
G-1
APN
27-B-033-G-00-003-0
UPID
US66-1291344
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
-
Job Shop Industrial LLC Industrial Manufacturer
-
Manico Inc Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Manico Properties LLC · 13 yrs held
Manico Properties LLC
since 2013
2 recorded transactions
Zoning & alternative use
G-1 · Willoughby, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$21,438
Tax year 2023
Assessed value
$107,740
Assessed 2023
Previous assessed
$107,740
+0.0% YoY
Effective rate
19.90%
On assessed value
Assessed land
$18,730
Assessed improvement
$89,010
Land market value
$53,500
Improvement market value
$254,310
Total market value
$307,810
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1960
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
12,676 SF
Lot
0.61 ac (26,750 SF)
Zoning code
G-1
APN
27-B-033-G-00-003-0
UPID
US66-1291344
Jurisdiction
LAKE
Zoning & alternative use
G-1 · Willoughby, OH
Zoning G-1 · permitted uses
G-1 · Willoughby, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Willoughby. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Manico Properties LLC
Entity
Free & Clear · 13 yrs held
Mailing address
37105 CODE AVE, WILLOUGHBY, OH 44094-6337
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2013
—
Manico Properties LLC
Manta,nicholas P
Warranty Deed
—
Feb 28, 2005
—
Nicholas P Manta
Moviel,therese M
Quit Claim 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.
Try Rey
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