4105 Mayfield Rd South Euclid, OH 44121-3005
Property profile & analytics
4105 Mayfield Rd, South Euclid, OH 44121-3005
- Retail space
- 11,660 SF
- 0.79 lot acres
Property ID
US66-0170534
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 4105 Mayfield Rd
- Year built
- 1975
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.79 lot acres
- Zone code
- C-2
- Property type
- Retail space
- APN
- 702-05-020
- APU
- 70205020
Description
This exceptional investment opportunity presents a 11,679-square-foot Advance Auto Parts store located at 4105 Mayfield Rd, South Euclid, OH 44121. The property sits on a 0.8-acre lot and boasts 39 parking spaces, ensuring ample customer convenience. Built in 1941, with renovations in 1985, 1993, and 2002, the building is in excellent condition. The property benefits from a strong location within South Euclid's primary retail and commercial corridor, featuring high visibility along Mayfield Road (26,922 vehicles per day) and proximity to Warrensville Center Road (19,600 vehicles per day). The current lease, a triple-net (NNN) agreement, runs through December 31, 2034, offering a substantial remaining lease term of approximately 10.1 years. The lease includes three 5-year renewal options, each with a 7% rent increase. The current annual net operating income (NOI) is $116,020, resulting in a compelling 6.35% capitalization rate. Advance Auto Parts has occupied this location since 2004, demonstrating a long-term commitment to the site. This location consistently performs well, ranking within the top 9% of Advance Auto Parts stores in Ohio and the top 16% nationwide based on customer visits. The property offers a secure, long-term investment with significant upside potential due to the built-in rent escalations and the tenant's proven track record. The asking price is $1,825,000. This is a rare opportunity to acquire a high-performing, net-leased retail property in a prime location within the Cleveland-Elyria MSA.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,285,000
- AI Estimate
- $921,000
Market price range: $335k - $1.29MMarket price range: $247k - $921k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $745,000 Current use
- MEDICAL BUILDING
- $1,265,000 Change: +70% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,180,000 Change: +58% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,035,000 Change: +39% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $965,000 Change: +29% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $865,000 Change: +15% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- South Euclid
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5326
- Latitude
- 41.521
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$69,332
$71,820
$515,030
$586,850
-
$205,200
$1,471,500
$1,676,700
