4660 Northfield Rd North Randall, OH 44128-4522
Property profile & analytics
4660 Northfield Rd North Randall, OH 44128-4522
- Drive through restaurants
- 2,128 SF
- 0.93 lot acres
Property ID
US66-2677280
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 4660 Northfield Rd
- Year built
- 2019
- Lot size
- 0.93 lot acres
- Property size
- 2,128 SF
- Zone code
- C-1
- Property type
- Drive through restaurants
- APN
- 771-08-015
- APU
- 77108015
Description
This exceptional investment opportunity presents a single-tenant, Net Leased Taco Bell property located at 4660 Northfield Rd, North Randall, OH 44128, within the Cleveland MSA. The property boasts a substantial 2,128 square foot building constructed in 2019 on a 0.98-acre lot, featuring a drive-thru. The current lease, a Ground Lease with a 25-year initial term commencing September 9, 2019, and expiring September 8, 2044, has approximately 19.8 years remaining. The lease includes six five-year renewal options and attractive 10% rent bumps every five years. The current Net Operating Income (NOI) is $82,500, yielding a 5.25% cap rate on the asking price of $1,571,428. This Class A property benefits from a strong location, situated near a large Amazon Fulfillment Center employing over 2,000 people and Jack Thistledown Casino, attracting over 1,300,000 annual visitors. The surrounding area features a dense population of over 214,000 within a five-mile radius and includes numerous national retailers. The property's APN is 771-08-015. This is a 1031 exchange eligible property, offering significant long-term passive income potential with minimal landlord responsibilities. The property is categorized as a QSR/Fast Food establishment.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,395,000
- ML approach
- $1,405,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- North Randall
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.5259
- Latitude
- 41.4303
- 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
$54,056
$155,540
$378,210
$533,750
-
$444,400
$1,080,600
$1,525,000
