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Property profile & analytics
OFF-MARKET
Estimated value
$195,000
Flex space
4261 Hamann Pkwy Willoughby, OH 44094-5623
Entity Owned
Free & Clear
Property ID
US66-3068667
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1976
Total area
12,868 SF
Lot
1.11 ac (48,395 SF)
Zoning code
L-1
APN
27-A-014-A-00-015-0
UPID
US66-3068667
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$556k
Blend (final)
Blend
$195k
Owner & transaction history
Edward Oscar Investments LLC
Edward Oscar Investments LLC
since 2025
Last sale
$850,000
5 recorded transactions
Zoning & alternative use
L-1 · Willoughby, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
1131.02 USE REGULATIONS.
Top alternative use upside
Auto repair, garage
$1.1M
+69.6%
Commercial (general)
$1.0M
+62.5%
Retail stores
$1.0M
+58.5%
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%
$825,000
6.5%
$760,000
7%
$710,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$635,000
Current use
AUTO REPAIR, GARAGE
$1,080,000
Change: +70% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,035,000
Change: +62% · Conversion: Difficult
RETAIL STORES
$1,010,000
Change: +59% · Conversion: Moderate
MEDICAL BUILDING
$905,000
Change: +42% · Conversion: Difficult
OFFICE BUILDING
$765,000
Change: +20% · Conversion: Difficult
WAREHOUSE, STORAGE
$715,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$195k
Range $176k – $215k · ±10% · vs last sale $850k (Jul 1 2025)
Last sale anchor
$850k
Jul 1 2025
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
$15 / 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
$10,411
Tax year 2023
Assessed value
$125,220
Assessed 2023
Previous assessed
$125,220
+0.0% YoY
Effective rate
8.31%
On assessed value
Assessed land
$48,280
Assessed improvement
$76,940
Land market value
$137,940
Improvement market value
$219,840
Total market value
$357,780
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1976
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
12,868 SF
Lot
1.11 ac (48,395 SF)
Zoning code
L-1
APN
27-A-014-A-00-015-0
UPID
US66-3068667
Jurisdiction
LAKE
Zoning & alternative use
L-1 · Willoughby, OHZoning L-1 · permitted uses
L-1 · Willoughby, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
1131.02 USE REGULATIONS.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$905,000
OFFICE BUILDING
Est. value
$765,000
WAREHOUSE, STORAGE
Est. value
$715,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1976
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Edward Oscar Investments LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4261 HAMANN PKWY, WILLOUGHBY, OH 44094-5623
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2026
—
Edward Oscar Investments LLC
—
Deed
related
$995,000 · Eriebank
Oct 1, 2025
$850,000
Edward Oscar Investments LLC
Hamann Properties LLC
Deed
—
Sep 12, 2005
$400,000
Hamann Properties LLC
Metropolitan Savings Service Corp
Limited Warranty Deed
$467,500 · National City Bank
Sep 12, 2005
$380,000
Metropolitan Savings Svc Corp
Sheriff Of Lake County
Trustees Deed
related
—
—
—
Daniel I Rini
—
Deed Of Trust
related
$325,000 · Commerce Exchange Bank
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.
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