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Property profile & analytics
FOR LEASE
Retail space
5880 Som Center Rd Willoughby, OH 44094
Entity Owned
7-yr Hold
Free & Clear
Property ID
US66-2559124
For Lease
1 / 3
$1,235,000
5880 Som Center Rd, Willoughby, OH 44094
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Total area
10,000 SF
Lot
2 ac (87,120 SF)
Zoning code
R-80
APN
27-A-003-D-00-020-0
UPID
US66-2559124
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.24M
Owner & transaction history
5880 Som Center LLC · 7 yrs held
5880 Som Center LLC
since 2018
6 recorded transactions
Zoning & alternative use
R-80 · Willoughby, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+83.1%
Auto repair, garage
$840,000
+7.0%
Commercial (general)
$805,000
+2.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Willoughby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Willoughby submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,565,000
6.5%
$1,440,000
7%
$1,340,000
Alternative Use
Use
Estimation
RETAIL STORES
$785,000
Current use
RESTAURANT
$1,435,000
Change: +83% · Conversion: Easy
AUTO REPAIR, GARAGE
$840,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$805,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$124 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,047
Tax year 2023
Assessed value
$404,920
Assessed 2023
Previous assessed
$404,920
+0.0% YoY
Effective rate
8.16%
On assessed value
Assessed land
$259,170
Assessed improvement
$145,750
Land market value
$740,480
Improvement market value
$416,430
Total market value
$1,156,910
Applied tax rate
27.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1987
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
10,000 SF
Lot
2 ac (87,120 SF)
Zoning code
R-80
APN
27-A-003-D-00-020-0
UPID
US66-2559124
Jurisdiction
LAKE
Zoning & alternative use
R-80 · Willoughby, OH
Zoning R-80 · permitted uses
R-80 · Willoughby, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Willoughby. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$785,000
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$840,000
COMMERCIAL (GENERAL)
Est. value
$805,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2 ac
Current owner
From public records · entity-resolved
5880 Som Center LLC
Entity
Free & Clear · 7 yrs held
Mailing address
3951 CONVENIENCE CIR NW STE #301, CANTON, OH 44718-2686
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2019
—
5880 Som Center LLC
—
Trustees Deed
related
$2,500,000 · First Cmnwlt Bk
Sep 17, 2018
—
5880 Som Center LLC
Deville Developments LLC
Warranty Deed
—
Apr 17, 2018
$1,350,000
Deville Developments LLC
Fitness Group Investment LLC
Warranty Deed
—
Jan 4, 2013
$400,000
Fitness Group Investment LLC
Bally Total Fitness Of Midwest In
Grant Deed
$800,000 · Thompson Michael W Tr (pt)
Sep 30, 2008
—
Bally Total Fitness Of Midwest In
—
Deed Of Trust
related
$292,000,000 · Morgan Stanley Senior Funding
Oct 31, 2002
—
Scandinavian Health Spa INC
Willoughby Spa LP
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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