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Property profile & analytics
FOR LEASE
Strip malls
84 Whittlesey Ave Norwalk, OH 44857
Entity Owned
5-yr Hold
Free & Clear
Property ID
US66-2281420
For Lease
1 / 5
Contact for pricing
84 Whittlesey Ave, Norwalk, OH 44857
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Property summary
AI-generated overview
This exceptional retail property, located at 84 Whittlesey Avenue in Norwalk, Ohio, offers a unique leasing opportunity. The single-story, 61,415 square foot building sits on a 5.83-acre lot in Huron County and is anchored by a Discount Drug Mart. The property boasts high visibility and accessibility, featuring 543 feet of frontage on SR 250 (Whittlesey Avenue), a signalized entrance, and pylon signage. With a daily traffic count of 35,315 vehicles, this location provides unparalleled exposure for businesses. Multiple tenancy options are available, with spaces ranging from a minimum of 1,000 square feet to a maximum contiguous space of 19,000 square feet. Currently, 24,800 square feet of space is available for lease. Specific available spaces include approximately 4,800 square feet in an end-cap unit, approximately 1,775 square feet in an inline unit, and a larger 19,000 square foot end-cap space. This property presents a compelling opportunity for businesses seeking a high-traffic, highly visible location in a thriving community. The zip code is 44857.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Total area
50,527 SF
Lot
5.83 ac (253,911 SF)
APN
33-0210-12-030-0000
UPID
US66-2281420
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
-
Discount Drug Mart, Inc. Grocery & Convenience Store Food Market
-
Discount Drug Mart - Norwalk Deli Food Market Restaurant
-
Discount Drug Mart - Moved! Discount Store
-
Liberty Tax Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.89M
Owner & transaction history
84 Whittlesey LLC · 5 yrs held
84 Whittlesey LLC
since 2020
Last sale
$3.8M
4 recorded transactions
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 Norwalk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwalk 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
$4,030,000
ML approach
$3,915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,090,000
Change: 0% · Conversion: Moderate
RESTAURANT
$5,875,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$5,095,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,920,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$4,770,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$3.89M
Range $3.50M – $4.27M · ±10% · vs last sale $3.80M (Dec 31 2020)
Last sale anchor
$3.80M
Dec 31 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
$77 / 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
$36,599
Tax year 2023
Assessed value
$732,950
Assessed 2023
Previous assessed
$732,950
+0.0% YoY
Effective rate
4.99%
On assessed value
Assessed land
$72,180
Assessed improvement
$660,770
Land market value
$206,220
Improvement market value
$1,887,910
Total market value
$2,094,130
Applied tax rate
33.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2004
Heating
NONE
Stories
1
Total area
50,527 SF
Lot
5.83 ac (253,911 SF)
APN
33-0210-12-030-0000
UPID
US66-2281420
Jurisdiction
HURON
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
OFFICE BUILDING
Est. value
$6.1M
RESTAURANT
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.9M
RETAIL STORES
Est. value
$4.8M
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
2004
Heating
NONE
Stories
1
Lot
5.83 ac
Current owner
From public records · entity-resolved
84 Whittlesey LLC
Entity
Free & Clear · 5 yrs held
Mailing address
211 COMMERCE DR, MEDINA, OH 44256-1331
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2020
$3,800,000
84 Whittlesey LLC
Norwalk Retail LLC
Grant Deed
—
Apr 20, 2020
$3,333,800
Norwalk Retail LLC
84 Whittlesey Ave 10054231 LLC
Grant Deed
—
Dec 5, 2019
$2,050,000
84 Whittlesey Ave 10054231 LLC
Sheriff Of Huron County|jds Properties Norwalk Ltd
Trustees Deed
—
—
—
Jds Properties
—
Deed Of Trust
related
$8,070,000 · Column Fin'l
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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