Technical
Financial
Distress signals
Property profile

38040 3rd St Willoughby, OH 44094

OFF-MARKET
Turn key restaurants
Property ID
US66-2184683
3,134 SF 0.16 ac lot Built 1960
Entity Owned 24-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1960
Construction WOOD
Total area 3,134 SF
Lot 0.16 ac (6,761 SF)
Zoning code G-B
APN 27-A-029-C-00-068-0
UPID US66-2184683

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
  • Restaurant
  • Hardware & Home Improvement Construction Company
  • Bar & Pub
  • Atm
  • Restaurant

Location

38040 3rd St Willoughby, OH 44094-6139
Willoughby metro Census 201400 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2002
1 recorded transaction
2002
Price N/A

Zoning & alternative use

G-B · Willoughby, OH
Zoning description

It is intended to provide for commercial services and activities in locations that are adequately served by major streets and other facilities and to encourage the grouping of businesses in shopping centers.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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