Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Retail space
4091 Erie St Willoughby, OH 44094-7804
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-1871004
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1899
Construction
WOOD
Total area
9,808 SF
Lot
1.72 ac (74,923 SF)
Zoning code
G-B
APN
27-A-030-A-00-002-0
UPID
US66-1871004
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
-
BMA Media Group Advertising Agency Marketing & Advertising
-
The Well - Willoughby Area House Of Prayer Church Mosque
-
Mvec Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.21M
Owner & transaction history
Willoughby Stations 1 LLC · 2 yrs held
Willoughby Stations 1 LLC
since 2023
7 recorded transactions
Zoning & alternative use
G-B · Willoughby, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+83.1%
Auto repair, garage
$820,000
+7.0%
Commercial (general)
$790,000
+2.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,535,000
6.5%
$1,415,000
7%
$1,315,000
Alternative Use
Use
Estimation
RETAIL STORES
$770,000
Current use
RESTAURANT
$1,405,000
Change: +83% · Conversion: Easy
AUTO REPAIR, GARAGE
$820,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$790,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$123 / SF
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
$35,214
Tax year 2023
Assessed value
$435,420
Assessed 2023
Previous assessed
$435,420
+0.0% YoY
Effective rate
8.09%
On assessed value
Assessed land
$235,730
Assessed improvement
$199,690
Land market value
$673,510
Improvement market value
$570,530
Total market value
$1,244,040
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
1899
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
9,808 SF
Lot
1.72 ac (74,923 SF)
Zoning code
G-B
APN
27-A-030-A-00-002-0
UPID
US66-1871004
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$770,000
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$820,000
COMMERCIAL (GENERAL)
Est. value
$790,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1899
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
1.72 ac
Current owner
From public records · entity-resolved
Willoughby Stations 1 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4067 ERIE ST, WILLOUGHBY, OH 44094-7865
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2023
—
Willoughby Stations 1 LLC
David Scott Forker
Quit Claim Deed
related
—
Sep 18, 2023
—
Cynthia Forker
4067 Erie Street LLC
Quitclaim Deed
related
—
Feb 13, 2018
—
David S Forker
Forker Properties LLC
Quit Claim Deed
related
—
Dec 14, 2017
—
David S Forker
4067 Erie Street LLC
Warranty Deed
related
—
Aug 6, 2014
—
Forker Properties LLC
Forker,john J & Margaret G
Quit Claim Deed
related
—
Dec 24, 2013
—
John L Forker
Forker,margaret G
Quit Claim Deed
related
—
Nov 19, 2013
—
John L Forker
Forker,john L & Margaret G
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.
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?”
You own 4091 Erie St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
