Back to Search
Property profile & analytics
FOR SALE
Retail space
37931 Vine St Willoughby, OH 44094
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US66-6223635
For Sale
1 / 50
$919,900
37931 Vine St, Willoughby, OH 44094
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Construction
WOOD
Total area
7,200 SF
Lot
0.45 ac (19,550 SF)
Zoning code
C-M
APN
27-B-036-0-00-020-0
UPID
US66-6223635
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
-
Cot Cocoon Industrial Manufacturer Production Facility
-
Schultz Upholstery Furniture & Home Goods
-
Mayday Apparel Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$589k
Blend (final)
Blend
$580k
Owner & transaction history
Alnick LLC · 10 yrs held
Alnick LLC
since 2015
6 recorded transactions
Zoning & alternative use
C-M · Willoughby, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$605,000
+7.0%
Commercial (general)
$580,000
+2.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$565,000
Current use
AUTO REPAIR, GARAGE
$605,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$580,000
Change: +3% · Conversion: Easy
MEDICAL BUILDING
$505,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±10%
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
$81 / 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
$12,265
Tax year 2023
Assessed value
$152,400
Assessed 2023
Previous assessed
$152,400
+0.0% YoY
Effective rate
8.05%
On assessed value
Assessed land
$41,060
Assessed improvement
$111,340
Land market value
$117,300
Improvement market value
$318,120
Total market value
$435,420
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1981
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
2
Stories
1
Total area
7,200 SF
Lot
0.45 ac (19,550 SF)
Zoning code
C-M
APN
27-B-036-0-00-020-0
UPID
US66-6223635
Jurisdiction
LAKE
Zoning & alternative use
C-M · Willoughby, OH
Zoning C-M · permitted uses
C-M · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$565,000
AUTO REPAIR, GARAGE
Est. value
$605,000
COMMERCIAL (GENERAL)
Est. value
$580,000
MEDICAL BUILDING
Est. value
$505,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1981
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
1
Buildings
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Alnick LLC
Entity
Mailing address
2246 SUNSET DR, WICKLIFFE, OH 44092-2027
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2016
—
Alnick LLC
—
Deed
related
$160,000 · Growth Cap
Dec 30, 2015
$380,000
Alnick LLC
Wood By Design LLC
Warranty Deed
$190,000 · The Huntington National Bank
Jun 21, 2002
$324,000
Wood By Design LLC
A J L Ltd
Grant Deed
$243,000 · Firstar Bank
—
—
Alnick LLC
—
Deed Of Trust
related
$160,000 · Growth Cap
—
—
Wood By Design LLC
—
Deed Of Trust
related
$44,660 · Pdga LLC
—
—
Wood By Desing LLC
—
Deed Of Trust
related
$327,000 · Geauga Savings Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
