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Property profile & analytics
OFF-MARKET
Retail space
4041 Erie St Willoughby, OH 44094-7871
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US66-2344506
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
5,288 SF
Lot
0.3 ac (12,937 SF)
Zoning code
G-B
APN
27-A-030-B-00-003-0
UPID
US66-2344506
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
-
Northcoast Towing Auto Repair Shop
-
Carmens Tailor Shop (Bike/Boat/Book/etc) Store
-
Vitalone's Auto Detailing Car Wash
-
Terry's Towing Auto Repair Shop
-
Vitalone Vincent S Tax Preparation
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
Carmen & Grace Properties LLC · 16 yrs held
Carmen & Grace Properties LLC
since 2009
4 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
$9,910
Tax year 2023
Assessed value
$122,800
Assessed 2023
Previous assessed
$122,800
+0.0% YoY
Effective rate
8.07%
On assessed value
Assessed land
$67,910
Assessed improvement
$54,890
Land market value
$194,040
Improvement market value
$156,820
Total market value
$350,860
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
1900
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
5,288 SF
Lot
0.3 ac (12,937 SF)
Zoning code
G-B
APN
27-A-030-B-00-003-0
UPID
US66-2344506
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
1900
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
Carmen & Grace Properties LLC
Entity
Mailing address
4041 ERIE ST, WILLOUGHBY, OH 44094-7871
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2009
—
Carmen & Grace Properties LLC
Vitalone,grace
Quit Claim Deed
related
—
Nov 15, 1999
$320,000
Carmen Properties
Yakkel,elmer N & Virginia A
Grant Deed
$320,000 · Firstbank NA
—
—
Grace Vitalone
—
Deed Of Trust
related
$221,621 · Us Bank NA
—
—
Grace Vitalone
—
Deed Of Trust
related
$35,000 · Us Bank NA
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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