37111 Euclid Ave Willoughby, OH 44094
Property profile & analytics
37111 Euclid Ave, Willoughby, OH 44094
- Retail space
- 11,250 SF
- 0.81 lot acres
Property ID
US66-0104748
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.
Location Intelligence
Current Use by Public Records
- Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store
- Pizza Booyah / Restaurant
- What About Bob's Subs / Take-out & Catering
- Exodus Integrity Services, Inc. / Corporate Office
- K & Em Custom Wigs, Hairpieces, Extensions / Hair Salon
Property Details for 37111 Euclid Ave
- Year built
- 1998
- Lot size
- 0.81 lot acres
- Zone code
- L-1
- Property type
- Retail space
- APN
- 27-A-014-B-00-024-0
- APU
- 27A014B000240
Description
This exceptional 11,250 square foot retail/office property presents a rare investment opportunity in Willoughby, Ohio's thriving business district. Located directly across from a newly constructed national grocery store, this meticulously maintained asset offers high visibility and convenient access. The building comprises nine units currently occupied by six established tenants, with a recently signed lease extension from an existing tenant, ensuring consistent cash flow. The majority of leases extend through 2027, providing long-term stability. Significant value-add potential exists due to current rents being below market value, allowing for future rent increases and a transition to triple-net (NNN) leases. Substantial capital improvements have been completed within the last five years, minimizing future maintenance expenses. These include a new roof (2022), new HVAC units (2017-2021), new front supports (2023), and a renovated parking lot (2021). The property sits on a 0.81-acre lot and offers ample parking. This turnkey investment is poised for immediate returns and long-term growth, representing a unique chance to acquire a prime retail asset in a highly desirable location. Don't miss this exceptional opportunity to expand your portfolio with a well-maintained, income-producing property in a rapidly growing market. The property is priced at $2,200,000.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,760,000
- 6.5%
- $1,625,000
- 7%
- $1,505,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,211,000
- AI Estimate
- $874,000
Market price range: $474k - $1.42MMarket price range: $270k - $1.11M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $880,000 Current use
- RESTAURANT
- $1,615,000 Change: +83% Conversion: Easy
- AUTO REPAIR, GARAGE
- $945,000 Change: +7% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $905,000 Change: +3% Conversion: Easy
- MEDICAL BUILDING
- $790,000 Change: -10% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Willoughby
- County
- Lake
- State
- Ohio
- Longitude
- -81.4209
- Latitude
- 41.6293
- 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
$29,678
$111,140
$202,320
$313,460
-
$317,550
$578,070
$895,620
