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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Warehouses
38296 Western Pkwy Willoughby, OH 44094-7590
Entity Owned
~
Est. High Equity
Property ID
US66-0638626
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Total area
11,240 SF
Lot
1.09 ac (47,480 SF)
Zoning code
L-1
APN
27-B-053-B-00-034-0
UPID
US66-0638626
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
-
TDC Systems Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$697k
Blend (final)
Blend
$790k
Owner & transaction history
38296 Western Pkwy LLC
38296 Western Pkwy LLC
since 2025
Last sale
$830,000
6 recorded transactions
Zoning & alternative use
L-1 · Willoughby, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$940,000
+51.2%
Commercial (general)
$905,000
+44.9%
Retail stores
$880,000
+41.3%
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%
$875,000
6.5%
$810,000
7%
$750,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$625,000
Current use
AUTO REPAIR, GARAGE
$940,000
Change: +51% · Conversion: Easy
COMMERCIAL (GENERAL)
$905,000
Change: +45% · Conversion: Difficult
RETAIL STORES
$880,000
Change: +41% · Conversion: Moderate
MEDICAL BUILDING
$790,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$670,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$555,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $830k (Jul 2 2025)
Last sale anchor
$830k
Jul 2 2025
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
$70 / 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
$13,354
Tax year 2023
Assessed value
$163,250
Assessed 2023
Previous assessed
$163,250
+0.0% YoY
Effective rate
8.18%
On assessed value
Assessed land
$31,860
Assessed improvement
$131,390
Land market value
$91,040
Improvement market value
$375,390
Total market value
$466,430
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
11,240 SF
Lot
1.09 ac (47,480 SF)
Zoning code
L-1
APN
27-B-053-B-00-034-0
UPID
US66-0638626
Jurisdiction
LAKE
Zoning & alternative use
L-1 · Willoughby, OH
Zoning L-1 · permitted uses
L-1 · 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
WAREHOUSE, STORAGE Current
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$940,000
COMMERCIAL (GENERAL)
Est. value
$905,000
RETAIL STORES
Est. value
$880,000
MEDICAL BUILDING
Est. value
$790,000
OFFICE BUILDING
Est. value
$670,000
INDUSTRIAL (GENERAL)
Est. value
$555,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
38296 Western Pkwy LLC
Entity
Mailing address
38296 WESTERN PKWY, WILLOUGHBY, OH 44094-7590
Ownership since
2025
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
Oct 2, 2025
$830,000
38296 Western Pkwy LLC
Voyage Capital Properties III LLC
Deed
$415,000 · Jpmorgan Chase Bank NA
May 2, 2022
—
Voyage Capital Properties III LLC
Trust Manufactruring LLC
Quit Claim Deed
related
$1,030,953 · Premier Bank
Apr 20, 2020
$500,000
Trust Manufacturing LLC
T Kalar Ents LLC
Warranty Deed
$3,604,000 · First Fed'l Bk/the Midwest
Apr 28, 2009
$486,000
T Kalar Enterprises LLC
Terri L Richter
Warranty Deed
$206,550 · National City Bank
Dec 29, 2004
—
Terri L Richter
Beloat,patty J
Quit Claim Deed
related
—
—
—
T Kalar Ents LLC
—
Deed Of Trust
related
$206,500 · Growth Capital Corp
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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