Entity Owned 
For Sale
1 / 15
$1,700,000
37111 Euclid Ave, Willoughby, OH 44094
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Property summary
AI-generated overview
This retail/office property is located in the business district of Willoughby, Ohio, directly across the street from a newly constructed national grocery. The building contains nine units within 11,000+ square feet of gross area and has a tenant-occupied configuration with six units in use. Over the past five years, several capital improvements have been made, including a roof replacement in 2022, HVAC unit replacements during 2017–2021, new front supports in 2023, and parking lot work in 2021. The site is configured to support multiple use types, including retail, office, specialty use, and NNN property structures.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
11,250 SF
Lot
0.81 ac (35,284 SF)
Zoning code
L-1
APN
27-A-014-B-00-024-0
UPID
US66-0104748
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mobile Phone Store Electronics & Wireless Store
-
Restaurant
-
Take-out & Catering
-
Corporate Office
-
Hair Salon
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.63M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$260k
Owner & transaction history
since 2007
4 recorded transactions
Zoning & alternative use
L-1 · Willoughby, OH
Top alternative use upside
Restaurant
$1.6M
+83.1%
Auto repair, garage
$945,000
+7.0%
Commercial (general)
$905,000
+2.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 8 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$260k
Value range
$234k – $286k
±10% around blend
Estimated value / SF
$23 / SF
Confidence
High
8 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
80
Income certainty
100
$234k
blend $260k
$286k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,250 SF
Lot area
0.81 ac
Year built
1998
Stories
1
APN
27-A-014-B-00-024-0
Zoning
L-1
Assessed value
$313,460
Annual tax
$29,678
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.63M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.76M
@ 6.5% CAP return
$1.63M
@ 7% CAP return
$1.51M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$29,678
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$877k
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
13.3 mi away · 12,463 SF
14.9 mi away · 11,774 SF
15.2 mi away · 7,984 SF
17.3 mi away · 13,930 SF
21.5 mi away · 11,240 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$260k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 23 sales
$78
-71%
County 101 sales
$63
-63%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $23/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+83%
vs current-use indication
Auto Repair, Garage
Commercial (general)
Retail Stores · current use
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Selected market yield
8.38%
Selected cap rate for this retail space
Derived from the Willoughby market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.38%
9.0%
NOI (est.)
$142k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.70M
Move the market yield to see immediate price impact.
Value / SF
$151
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.88%8.38%8.88%
$128k
$1.63M
$1.53M
$1.44M
$142k
$1.81M
$1.70M
$1.60M
$157k
$1.99M
$1.87M
$1.77M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$108k
12.6 mi · Nov 2025 · $10/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$29,678
Tax year 2023
Assessed value
$313,460
Assessed 2023
Previous assessed
$313,460
+0.0% YoY
Effective rate
9.47%
On assessed value
Assessed land
$111,140
Assessed improvement
$202,320
Land market value
$317,550
Improvement market value
$578,070
Total market value
$895,620
Applied tax rate
27.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1998
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
11,250 SF
Lot
0.81 ac (35,284 SF)
Zoning code
L-1
APN
27-A-014-B-00-024-0
UPID
US66-0104748
Jurisdiction
LAKE
Zoning & alternative use
L-1 · Willoughby, OHZoning L-1 · permitted uses
L-1 · Willoughby, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.81 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
L-1
Jurisdiction
Willoughby, OH
Recorded code
L-1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for L-1 in Willoughby, OH.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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