Financial
Distress signals
Property profile

3941 Erie St Willoughby, OH 44094

FOR SALE
Other commercial real estate
Property ID
US66-0654858
1,432 SF 0.08 ac lot
Last sale Jun 2015 · $250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This two-story restaurant building comprises approximately 8,700 square feet and was constructed in 2016. The interior includes a large open-concept kitchen, two full bars, brewery equipment, a private office, and restrooms on both levels, with elevator service. Indoor seating is configured for up to 160 guests, and a rooftop patio provides seating for up to 75 guests and includes a fireplace. The property is located at 3941 Erie Street in Willoughby, Ohio, adjacent to the Chagrin River and

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$658
Tax billed · 2023
Assessed value$8k
Assessed land$8k
Effective rate8.77%

Value estimate

· Sep 2026
$135k
$122k – $149k
NOI build-up
Gross scheduled income$131k
Vacancy & credit loss−$6k
Operating expenses−$31k
NOI · 3.33% cap applied$93k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$80/SF
Submarket average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$30 – $124

Cap rate analysis

How does the asset earn?
3.33%
$93k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-M
JurisdictionLAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office19.6
Pharmacy14.9
HVAC Service13.2

Location

3941 Erie St Willoughby, OH 44094
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
38700 Pelton, Willoughby, OH 44094-7745 $600,000 Jun 2024 5,820 SF
4597 Waldamere, Willoughby, OH 44094-5775 $245,000 May 2023 4,459 SF
37912 3rd, Willoughby, OH 44094-6137 $205,000 Oct 2022 3,960 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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?”
More about this property
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