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Property profile & analytics
OFF-MARKET
Retail space
38572 Lk Shr Blvd Willoughby, OH 44094-7252
Entity Owned
~
Est. High Equity
Property ID
US66-1588564
Property summary
AI-generated overview
Located in the historic district of Willoughby, Ohio, this property offers a commercial opportunity. The site spans 0.1056 acres and includes an 800-square-foot building. The property is zoned for various commercial uses, including retail, dining, and professional services. It features a large parking area and is situated in Willoughby's commercial lakefront area.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1943
Construction
WOOD
Total area
808 SF
Lot
0.11 ac (4,600 SF)
Zoning code
G-B
APN
27-B-057-C-00-052-0
UPID
US66-1588564
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
-
True Quality Construction Construction Company
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
Malise Enterprises LLC
Malise Enterprises LLC
since 2026
Last sale
$164,000
3 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
$1,149
Tax year 2023
Assessed value
$12,990
Assessed 2023
Previous assessed
$12,990
+0.0% YoY
Effective rate
8.85%
On assessed value
Assessed land
$4,830
Assessed improvement
$8,160
Land market value
$13,800
Improvement market value
$23,300
Total market value
$37,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1943
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
808 SF
Lot
0.11 ac (4,600 SF)
Zoning code
G-B
APN
27-B-057-C-00-052-0
UPID
US66-1588564
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
1943
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Malise Enterprises LLC
Entity
Mailing address
4121 ERIE ST, WILLOUGHBY, OH 44094-7806
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2026
$164,000
Malise Enterprises LLC
Shannon Gibson
Warranty Deed
$127,935 · The Huntington National Bank
Jul 31, 2025
$60,000
Shannon Gibson
Bjhess Properties Lakeshore LLC
Warranty Deed
—
Oct 21, 2014
—
Bjhess Properties-vine LLC
Hess,beverly J
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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