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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Outlet malls
8055 State St Garrettsville, OH 44231-1022
Individually Owned
6-yr Hold
Free & Clear
Property ID
US66-2047475
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1958
Total area
7,920 SF
Lot
0.58 ac (25,265 SF)
APN
19-015-00-00-087
UPID
US66-2047475
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$765k
Blend (final)
Blend
$725k
Owner & transaction history
Sky Plaza Ltd · 6 yrs held
Sky Plaza Ltd
since 2020
Last sale
$727,500
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$610,000
+8.4%
Apartment house (5+ units)
$600,000
+7.0%
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 Garrettsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garrettsville 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
$755,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
$520,000
6.5%
$480,000
7%
$445,000
Alternative Use
Use
Estimation
RETAIL STORES
$565,000
Current use
AUTO REPAIR, GARAGE
$610,000
Change: +8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$600,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$560,000
Change: -1% · Conversion: Easy
WAREHOUSE, STORAGE
$500,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $728k (May 6 2020)
Last sale anchor
$728k
May 6 2020
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
$92 / 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
$7,187
Tax year 2023
Assessed value
$146,480
Assessed 2023
Previous assessed
$146,480
+0.0% YoY
Effective rate
4.91%
On assessed value
Assessed land
$35,390
Assessed improvement
$111,090
Land market value
$101,100
Improvement market value
$317,400
Total market value
$418,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1958
Heating
NONE
Cooling
YES
Stories
1
Rooms
79
Bathrooms
1
Total area
7,920 SF
Lot
0.58 ac (25,265 SF)
APN
19-015-00-00-087
UPID
US66-2047475
Jurisdiction
PORTAGE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$565,000
AUTO REPAIR, GARAGE
Est. value
$610,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$560,000
WAREHOUSE, STORAGE
Est. value
$500,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1958
Heating
NONE
Cooling
Yes
Stories
1
Rooms
79
Bathrooms
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Sky Plaza Ltd
Individual
Free & Clear · 6 yrs held
Mailing address
9379 SLAGLE RD, GARRETTSVILLE, OH 44231-9747
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2020
$727,500
Sky Plaza Ltd
B & J Realty LLC
Grant Deed
—
Sep 15, 1997
$400,000
B & J Realty LLC
Rite Aid Of Ohio
Grant Deed
$400,000 · Huntington National Bank
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.
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