Property profile

5051 Som Ctr Rd Willoughby, OH 44094

OFF-MARKET
Parking lots & garages
Property ID
US66-0054290
4,221 SF 1.23 ac lot Built 2006
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 2006
Construction WOOD
Total area 4,221 SF
Lot 1.23 ac (53,492 SF)
Zoning code G-B
APN 27-A-007-0-00-013-0
UPID US66-0054290

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
  • Restaurant

Location

5051 Som Ctr Rd Willoughby, OH 44094-4201
Willoughby metro Census 201300 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2006
Price N/A
2004
$600,000
2002
Price N/A
1999
Price N/A
1999
$332,500
1969
Price N/A

Zoning & alternative use

G-B · Willoughby, OH
Zoning description

It is intended to provide for commercial services and activities in locations that are adequately served by major streets and other facilities and to encourage the grouping of businesses in shopping centers.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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