Back to Search
Property profile & analytics
OFF-MARKET
Turn key restaurants
38228 Glenn Ave Willoughby, OH 44094-7808
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US66-6253038
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1899
Total area
3,585 SF
Lot
0.14 ac (6,125 SF)
Zoning code
G-B
APN
27-A-030-A-00-011-0
UPID
US66-6253038
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
-
1899 Pub Bar & Pub
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
38228 Glenn Ltd · 15 yrs held
38228 Glenn Ltd
since 2010
7 recorded transactions
Zoning & alternative use
G-B · 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
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
$6,712
Tax year 2023
Assessed value
$84,270
Assessed 2023
Previous assessed
$84,270
+0.0% YoY
Effective rate
7.96%
On assessed value
Assessed land
$12,860
Assessed improvement
$71,410
Land market value
$36,750
Improvement market value
$204,030
Total market value
$240,780
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1899
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
3,585 SF
Lot
0.14 ac (6,125 SF)
Zoning code
G-B
APN
27-A-030-A-00-011-0
UPID
US66-6253038
Jurisdiction
LAKE
Zoning & alternative use
G-B · Willoughby, OH
Zoning G-B · permitted uses
G-B · 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
1899
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
38228 Glenn Ltd
Individual
Mailing address
3901 SUPERIOR AVE E, CLEVELAND, OH 44114-4129
Ownership since
2010
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
Feb 27, 2017
—
38228 Glenn Ltd
—
Deed
related
$400,000 · Westfield Bank Fsb
Nov 5, 2010
$316,000
38228 Glenn Ltd
Danford,mark J
Warranty Deed
$205,400 · Lorain National Bank
Apr 25, 2005
$200,000
Mark J Danford
Austin Block LLC
Warranty Deed
$163,303 · Lorain National Bank
May 21, 2004
—
Conway,neil J Tr
Austin Block LLC
Quit Claim Deed
related
—
May 21, 2004
$510,000
Maxwell Building LLC
Austin Block LLC
Warranty Deed
$440,000 · Lorain National Bank
Apr 23, 1999
—
Austine Block LLC
Danford,john M
Quit Claim Deed
related
$300,000 · Firstmerit Mortgage Corp
—
—
Austin Block LLC
—
Deed Of Trust
related
$14,000 · Firstar 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?”
You own 38228 Glenn Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
