4401 Mayfield Rd South Euclid, OH 44121-3670
Property profile & analytics
4401 Mayfield Rd, South Euclid, OH 44121-3670
- Grocery and convenience stores
- 71,444 SF
- 6.70 lot acres
Property ID
US66-1812549
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 4401 Mayfield Rd
- Year built
- 1985
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 6.70 lot acres
- Zone code
- C-1
- Property type
- Grocery and convenience stores
- APN
- 703-03-061
- APU
- 70303061
Description
This exceptional investment opportunity features a 75,000 square foot Giant Eagle grocery store in South Euclid, Ohio, situated on a 7-acre lot with 370 feet of frontage. The property boasts a strong, 10-year Absolute NNN lease with a corporate guarantee from Giant Eagle, Inc., a leading grocer in Northeast Ohio with $11 billion in annual revenue. Rent bumps are included every five years, ensuring consistent income growth. The location benefits from high visibility and accessibility, ample parking, and a high-traffic count of 26,922 vehicles per day. The surrounding area has a dense population of 117,851 people within a 3-mile radius. Further enhancing the property's value are the on-site state liquor agency and drive-thru pharmacy, both operated by Giant Eagle. The property offers excellent visibility and accessibility, with a signalized intersection and full-movement curb cuts. This is a rare opportunity to acquire a core, Class A retail investment with a long-term lease and significant upside potential. The property is currently 100% occupied, with a lease commencement date of May 7, 1994, and an expiration date of May 31, 2034. Two lease options are available. The property is offered for sale by owner. This is a turnkey investment with a 5.10% cap rate. The single-building property is located at 4401 Mayfield Rd, South Euclid, OH 44121.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,576,000
- AI Estimate
- $5,372,000
Market price range: $2.06M - $7.88MMarket price range: $1.51M - $5.64M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $4,580,000 Current use
- MEDICAL BUILDING
- $7,765,000 Change: +70% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $7,235,000 Change: +58% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $6,355,000 Change: +39% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $5,920,000 Change: +29% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $5,285,000 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
- -81.5215
- Latitude
- 41.5214
- 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
$310,937
$786,560
$1,406,440
$2,193,000
-
$2,247,300
$4,018,400
$6,265,700
