Technical
Financial
Distress signals
Property profile

40 Washington St Chagrin Falls, OH 44022

OFF-MARKET
Office buildings
Property ID
US66-6282360
6,552 SF 0.16 ac lot Built 2003
Entity Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2003
Construction WOOD
Total area 6,552 SF
Lot 0.16 ac (6,787 SF)
Zoning code RB
APN 932-17-031
UPID US66-6282360

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Department Store
  • Real Estate Agency

Location

40 Washington St Chagrin Falls, OH 44022-3032
Chagrin Falls metro Census 195900 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.16M
Comparable Approach Comparable
$1.55M
Blend (final) Blend
$725k

Owner & transaction history

since 2019
6 recorded transactions
2020
Price N/A
2019
$1.6M
2003
$515,000
2002
$420,000
2000
Price N/A
1969
Price N/A

Zoning & alternative use

RB · Chagrin Falls, OH
Zoning description

To serve the daily shopping needs of community residents, To promote vitality in the local economy by serving the specialty retail shopping needs of the regional population

General category COMMERCIAL
Top alternative use upside
Restaurant $1.2M +18.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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