Property profile

38107 2nd St Willoughby, OH 44094

OFF-MARKET
Turn key restaurants
Property ID
US66-6198239
4,488 SF 0.17 ac lot Built 1920
Entity Owned 21-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1920
Total area 4,488 SF
Lot 0.17 ac (7,566 SF)
Zoning code G-B
APN 27-A-029-C-00-040-0
UPID US66-6198239

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
  • Business To Business Service
  • Restaurant

Location

38107 2nd St Willoughby, OH 44094-6106
Willoughby metro Census 201400 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$205k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2005
5 recorded transactions
2005
Price N/A
2005
Price N/A
2005
$176,900
2001
$110,000
1969
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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