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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Strip malls
8389 Mayfield Rd Chesterland, OH 44026-2565
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US66-1365209
Property summary
AI-generated overview
This exceptional 2,400 square foot retail space is situated within the thriving Maywood Centre shopping center in Chesterland, Ohio. Located at 8389 Mayfield Road, this property boasts a prime location, just a quarter-mile west of SR 306 and five miles east of I-271, ensuring high visibility and convenient access for customers. The center itself has a strong history of high occupancy, evidenced by its established tenant base including First National Bank, Colonial Wine & Beverage, Danny Boy's Restaurant, TNT Tanning, Allstate Insurance, and Great Lakes Outdoor Supply. The property sits on a sizable 5.71-acre lot and is housed within a single-story, Class B building constructed in 1985. While the exact number of suites is not specified, this listing represents one available space. The property is zoned C and has the APN 11-010119 within Geauga County. This presents a unique opportunity for a business seeking a well-established location within a successful shopping center. The property's convenient location and strong tenant mix make it an ideal investment for a variety of retail businesses. Further details regarding parking are unavailable at this time. This is a single-building property. Serious inquiries are encouraged.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Total area
35,680 SF
Lot
5.71 ac (248,728 SF)
APN
11-010119
UPID
US66-1365209
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
-
Chesterland News Publishing House Newspaper & Magazine
-
Vino_Type Specialty Food Shop Wine and Liquor Store
-
Jason Durica: Allstate Insurance Insurance Agency
-
Body Sculpting, Inc. Gym & Fitness Center
-
Sunshine Yoga Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$671k
Blend (final)
Blend
$650k
Owner & transaction history
Petronzio Management Co · 27 yrs held
Petronzio Management Co
since 1999
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Chesterland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesterland 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
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$905,000
Current use
INDUSTRIAL (GENERAL)
$785,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$18 / 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
$34,582
Tax year 2023
Assessed value
$620,870
Assessed 2023
Previous assessed
$565,750
+9.7% YoY
Effective rate
5.57%
On assessed value
Assessed land
$185,150
Assessed improvement
$435,720
Land market value
$529,000
Improvement market value
$1,244,900
Total market value
$1,773,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Heating
NONE
Stories
1
Total area
35,680 SF
Lot
5.71 ac (248,728 SF)
APN
11-010119
UPID
US66-1365209
Jurisdiction
GEAUGA
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$905,000
INDUSTRIAL (GENERAL)
Est. value
$785,000
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (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
1985
Heating
NONE
Stories
1
Lot
5.71 ac
Current owner
From public records · entity-resolved
Petronzio Management Co
Entity
Mailing address
8228 MAYFIELD RD, CHESTERLAND, OH 44026-2594
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 1999
—
Petronzio Management Co
Petronzio,leo & Ida
Quit Claim Deed
related
$562,500 · Metropolitan Bank & Trust Co
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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