Technical
Financial
Distress signals
Property profile

8531 Washington St Chagrin Falls, OH 44023

OFF-MARKET
Strip malls
Property ID
US66-2570902
17,910 SF 2.01 ac lot Built 1989
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1989
Total area 17,910 SF
Lot 2.01 ac (87,556 SF)
APN 02-283500
UPID US66-2570902

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
  • (Bike/Boat/Book/etc) Store

Location

8531 Washington St Chagrin Falls, OH 44023-5325
Chagrin Falls metro Census 311800 CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.93M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.02M

Owner & transaction history

since 2020
Last sale
$1.9M
1 recorded transaction
2020
$1.9M

Zoning & alternative use

Top alternative use upside
Restaurant $1.9M +319.5%
Commercial (general) $1.9M +310.4%
Office building $1.5M +239.3%

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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