Technical
Financial
Distress signals
Property profile

4070 Erie St Willoughby, OH 44094

OFF-MARKET
Office buildings
Property ID
US66-1520468
4,500 SF 0.15 ac lot Built 1916
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1916
Total area 4,500 SF
Lot 0.15 ac (6,617 SF)
Zoning code G-B
APN 27-A-029-C-00-032-0
UPID US66-1520468

Cap rate & NOI

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

Location

4070 Erie St Willoughby, OH 44094
Willoughby metro Census 201400 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
by Request
Comparable Approach Comparable
$489k
Blend (final) Blend
$245k

Owner & transaction history

since 2017
4 recorded transactions
2017
$435,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

G-B · Willoughby, OH
Zoning description

It is intended to provide for commercial services and activities in locations that are adequately served by major streets and other facilities and to encourage the grouping of businesses in shopping centers.

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $375,000 +41.0%
Commercial (general) $360,000 +35.0%
Retail stores $355,000 +31.8%

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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