Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    504 Washington St Chagrin Falls, OH 44022-4448

    • Turn key restaurants
    • 2,893 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimation
    $570,000
    Last Sale
    Jun 02, 2025
    $626,000
    Location Intelligence
    Property ID
    US66-2168155
    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.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 504 Washington St

    Year built
    1940
    Lot size
    0.58 lot acres
    Property size
    2,893 SF
    Property type
    Turn key restaurants
    APN
    29-089480
    APU
    29089480

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $570,000

    • CAP approach

      CAP return
      Estimation
      6%
      $685,000
      6.5%
      $585,000
      7%
      $620,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $600,000
      Geo Method
      $590,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $640,000
      Retail
      $525,000
      Mixed-Use
      $585,000
      Hospitality
      $495,000
      Educational
      $610,000
      Residential Income
      $580,000
      Energy
      $590,000
      Income-Based Land
      $625,000
      Food Service
      $580,000

    Location Insight

    • Map
    • Local Demand
    City
    Chagrin Falls
    County
    Geauga
    State
    Ohio
    Longitude
    -81.3744
    Latitude
    41.4267
    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
    $8,271
    $38,610
    $59,260
    $97,870
    -
    $110,300
    $169,300
    $279,600

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      Main St

      RESTAURANT • 0.05 Acres
      Main St, Chagrin Falls, OH 44022
      View Details
    • Value Estimation by Request
      12,564 SF

      34300 Chagrin Blvd

      RESTAURANT • 12,564 SF
      34300 Chagrin Blvd, Moreland Hills, OH 44022-1033
      View Details
    • Value Estimation
      $405,000
      6,812 SF

      17 Riv St

      RESTAURANT • 6,812 SF
      17 Riv St, Chagrin Falls, OH 44022-3004
      View Details
    • Value Estimation
      $300,000
      1,796 SF

      506 Washington St

      RESTAURANT • 1,796 SF
      506 Washington St, Chagrin Falls, OH 44022-4448
      View Details
    • Value Estimation
      $290,000
      1,962 SF

      24 Main St

      RESTAURANT • 1,962 SF
      24 Main St, Chagrin Falls, OH 44022-3006
      View Details
    • Value Estimation by Request
      1,134 SF

      95 Main St

      RESTAURANT • 1,134 SF
      95 Main St, Chagrin Falls, OH 44022-3002
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      904 SF

      Chagrin Falls Storefront for Sale

      Prime Retail Space, Owner-User Opportunity
      129 Maple St, Chagrin Falls, OH 44022
      View Details
    • Contact for pricing
      904 SF

      Freestanding Retail Building For Sale

      904 SF building on 0.12 acres, great owner-user opportunity.
      89 Solon Rd, Chagrin Falls, OH 44022
      View Details
    • $85,000
      600 SF

      Chagrin Falls Office/Retail Space

      Office/retail space east of Downtown Chagrin Falls with parking.
      200-285 Park Pl, Chagrin Falls, OH 44022
      View Details
    • Contact for pricing

      Lander Road Land Parcels

      Three parcels with meeting hall and storage shed.
      4799 Lander Rd, Chagrin Falls, OH 44022
      View Details
    • Contact for pricing
      8,604 SF

      Chagrin Falls Office Building

      8,604 SF one-story office building in Chagrin Falls, OH.
      34 West Washington St, Chagrin Falls, OH 44022
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    504 Washington St
    Chagrin Falls, OH 44022-4448
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.