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4601 Northfield Rd, North Randall, OH 44128
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Property summary
AI-generated overview
This exceptional retail investment opportunity presents 23,259 square feet of space in the Randall Square Shopping Center, located at 4601 Northfield Rd, North Randall, OH 44128. Situated in Cuyahoga County, this multi-tenant property boasts a prime location in southeast Cleveland, conveniently positioned just north of I-80 and west of I-271, at the intersection of Northfield Road and Emery Road. The center currently has 23,239 square feet of vacant space available, offering significant potential for new tenants. Space is divisible to a minimum of 2,100 square feet, with a maximum contiguous space of 11,224 square feet. The property sits on a substantial 124,194 square foot lot. Strong anchor tenants, including Roses Discount Store, Dollar General, and Planet Fitness, provide excellent synergy and draw significant foot traffic. This presents a unique chance to acquire a well-located retail center with immediate occupancy potential and the benefit of established anchor tenants. The property is classified as retail, with multiple tenancy options. Warehouse space is also available, adding to the versatility of this investment. This property offers a compelling opportunity for investors seeking a high-traffic retail location in a thriving area.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1973
Construction
TYPE NOT SPECIFIED
Total area
92,281 SF
Lot
12.73 ac (554,519 SF)
Zoning code
C-1
APN
771-09-005
UPID
US66-2592709
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Take-out & Catering
-
Clothing Store Leather Goods Store
-
Discount Store (Bike/Boat/Book/etc) Store
-
Discount Store
-
Bank Credit Union
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.66M
Blend (final)
Blend
$845k
Owner & transaction history
since 2004
7 recorded transactions
Zoning & alternative use
C-1 · North Randall, OH
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$845k
Value range
$761k – $930k
±10% around blend
Estimated value / SF
$9 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$761k
blend $845k
$930k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
92,281 SF
Lot area
12.73 ac
Year built
1973
Stories
1
APN
771-09-005
Zoning
C-1
Assessed value
$839,060
Annual tax
$84,976
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$2.66M
Range $2.26M – $5.65M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$845k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 450 sales
$64
-86%
County 478 sales
$66
-86%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $9/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$839k
Move the market yield to see immediate price impact.
Value / SF
$9
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$53k
$1.06M
$755k
$587k
$59k
$1.17M
$839k
$653k
$65k
$1.29M
$923k
$718k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$84,976
Tax year 2023
Assessed value
$839,060
Assessed 2023
Previous assessed
$839,060
+0.0% YoY
Effective rate
10.13%
On assessed value
Assessed land
$640,500
Assessed improvement
$198,560
Land market value
$1,830,000
Improvement market value
$567,300
Total market value
$2,397,300
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1973
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
92,281 SF
Lot
12.73 ac (554,519 SF)
Zoning code
C-1
APN
771-09-005
UPID
US66-2592709
Jurisdiction
CUYAHOGA
Zoning & alternative use
C-1 · North Randall, OHZoning C-1 · permitted uses
C-1 · North Randall, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1973
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Lot
12.73 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C-1
COMMERCIAL
Jurisdiction
North Randall, OH
Recorded code
C-1
Official district
C-1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-1 in North Randall, OH.
What opens after registration
Zoning profile
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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