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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Flex space
38119 Stevens Blvd, Willoughby, OH 44094-6239
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1435501
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1950
Total area
20,243 SF
Lot
1.68 ac (73,050 SF)
Zoning code
G-L
APN
27-B-041-0-00-023-0
UPID
US66-1435501
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
-
Marous | Development Group Construction Company General Contractor
-
Marous Builders Construction Company General Contractor
-
Marous Management Services Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$430k
Blend (final)
Blend
$570k
Owner & transaction history
Mdg Hq LLC · 4 yrs held
Mdg Hq LLC
since 2021
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
G-L · Willoughby, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$510,000
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $700k (Aug 2 2021)
Last sale anchor
$700k
Aug 2 2021
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
$28 / 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
$19,858
Tax year 2023
Assessed value
$245,000
Assessed 2023
Previous assessed
$245,000
+0.0% YoY
Effective rate
8.11%
On assessed value
Assessed land
$36,740
Assessed improvement
$208,260
Land market value
$104,980
Improvement market value
$595,020
Total market value
$700,000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
20,243 SF
Lot
1.68 ac (73,050 SF)
Zoning code
G-L
APN
27-B-041-0-00-023-0
UPID
US66-1435501
Jurisdiction
LAKE
Zoning & alternative use
G-L · Willoughby, OH
Zoning G-L · permitted uses
G-L · 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.
Building & site characteristics
From public records
Year built
1950
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.68 ac
Current owner
From public records · entity-resolved
Mdg Hq LLC
Entity
Mailing address
38119 STEVENS BLVD, WILLOUGHBY, OH 44094-6239
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Nov 6, 2025
—
Mdg Hq LLC
—
Deed
related
$700,000 · Cf Bank
Aug 2, 2021
$700,000
Mdg Hq LLC
Stevens Properties 3 LLC
Warranty Deed
$750,000 · Cf Bank
Aug 2, 2021
—
Mdg Hq LLC
Stevens Properties 3 LLC
Deed
—
Dec 15, 2020
—
Marous Headquarters LLC
Western Reserve Pil Co
Grant Deed
related
—
Dec 9, 2020
—
Stevens Properties 3 LLC
Stevens Properties
Correction Deed
—
Dec 9, 2020
$126,000
Stevens Properties 3 LLC
Molly Snavely
Grant Deed
—
Feb 12, 2020
—
Stevens Properties 3 LLC
Stevens Properties
Quit Claim Deed
related
—
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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