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Property profile & analytics
OFF-MARKET
Office buildings
37903 Euclid Ave Willoughby, OH 44094-5978
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-1454759
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1857
Construction
WOOD
Total area
4,430 SF
Lot
0.66 ac (28,880 SF)
Zoning code
LR-B
APN
27-A-023-K-00-042-0
UPID
US66-1454759
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
-
Blackbird Digital Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Adatasol, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Gerome's Kitchen and Bath Interior Design Home Decor Store
-
Willoughby Workspaces at The Charlton Abbott Coworking & Hybrid Office
-
Angel Guard Insurance Insurance Agency
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
Way Real Estate Services LLC · 5 yrs held
Way Real Estate Services LLC
since 2020
Last sale
$250,000
7 recorded transactions
Zoning & alternative use
LR-B · Willoughby, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intended to provide for the residential areas along Euclid Avenue near downtown that are undergoing change, in order to ensure that future non residential development is compatible with the existing character of the area.
Zone name
Limited Residential Business District
General category
COMMERCIAL
Zone area
33.02 ac
Source
Realmo
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
$6,226
Tax year 2023
Assessed value
$76,440
Assessed 2023
Previous assessed
$76,440
+0.0% YoY
Effective rate
8.14%
On assessed value
Assessed land
$35,380
Assessed improvement
$41,060
Land market value
$101,080
Improvement market value
$117,310
Total market value
$218,390
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1857
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
4,430 SF
Lot
0.66 ac (28,880 SF)
Zoning code
LR-B
APN
27-A-023-K-00-042-0
UPID
US66-1454759
Jurisdiction
LAKE
Zoning & alternative use
LR-B · Willoughby, OHZoning LR-B · permitted uses
LR-B · Willoughby, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intended to provide for the residential areas along Euclid Avenue near downtown that are undergoing change, in order to ensure that future non residential development is compatible with the existing character of the area.
Zone name
Limited Residential Business District
General category
COMMERCIAL
Zone area
33.02 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1857
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Way Real Estate Services LLC
Entity
Mailing address
37903 EUCLID AVE, WILLOUGHBY, OH 44094-5978
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2022
—
The Way Real Estate Services LLC
—
Deed
related
$435,886 · First National Bank Of Pennsylvania
Oct 16, 2020
$250,000
Way Real Estate Services LLC
Donald E Burke
Warranty Deed
—
Feb 7, 2018
—
Donald Burke
—
Deed
related
$200,000 · Private Individual
Feb 3, 2017
—
Donald E Burke
Burke,donald E & Sharon H
Quit Claim Deed
related
—
—
—
Donald E Burke
—
Deed Of Trust
related
$100,000 · J P Morgan Chase Bank
—
—
Donald E Burke
—
Deed Of Trust
related
$199,063 · Bank One NA
—
—
Donald Burke
—
Deed Of Trust
related
$200,000 · Private Individual
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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