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Property profile & analytics
OFF-MARKET
Estimated value
$3,495,000
Office buildings
909 Canterbury Rd Westlake, OH 44145-7211
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-2499094
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
TYPE NOT SPECIFIED
Total area
53,960 SF
Lot
6.41 ac (279,350 SF)
Zoning code
EI
APN
213-07-040
UPID
US66-2499094
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
$3.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.83M
Blend (final)
Blend
$3.50M
Owner & transaction history
Westlake 909 LLC · 5 yrs held
Westlake 909 LLC
since 2021
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
EI · Westlake, OH
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 Westlake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westlake 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
$3,315,000
ML approach
$3,555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.50M
Range $3.15M – $3.84M · ±10% · vs last sale $2.43M (Feb 18 2021)
Last sale anchor
$2.43M
Feb 18 2021
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
$65 / 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
$58,997
Tax year 2023
Assessed value
$850,510
Assessed 2023
Previous assessed
$850,510
+0.0% YoY
Effective rate
6.94%
On assessed value
Assessed land
$154,670
Assessed improvement
$695,840
Land market value
$441,900
Improvement market value
$1,988,100
Total market value
$2,430,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Stories
1
Total area
53,960 SF
Lot
6.41 ac (279,350 SF)
Zoning code
EI
APN
213-07-040
UPID
US66-2499094
Jurisdiction
CUYAHOGA
Zoning & alternative use
EI · Westlake, OH
Zoning EI · permitted uses
EI · Westlake, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westlake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Lot
6.41 ac
Current owner
From public records · entity-resolved
Westlake 909 LLC
Entity
Mailing address
24400 SPERRY DR FL #2, WESTLAKE, OH 44145-1565
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2021
$2,430,000
Westlake 909 LLC
Canterbury Westlake Properties LLC
Limited Warranty Deed
$1,200,000 · Civista Bank
Sep 2, 2005
—
Canterbury Westlake Props LLC
River West Dock INC
Warranty Deed
related
—
Dec 17, 1999
$277,300
American Society Of Sanitary
Westcan LLC
Grant Deed
$290,250 · Park View Fsb
Aug 4, 1999
$294,000
Orr Properties LLC
Westcan LLC
Grant Deed
$249,900 · Park View Fsb
Jul 23, 1999
$145,000
James M Davis
Westcan LLC
Grant Deed
—
Jul 1, 1999
$394,800
Douglas J Wentling
Westcan LLC
Grant Deed
$300,000 · Bank One NA
Oct 5, 1998
—
Westcan LLC
River West INC
Quit Claim Deed
related
$1,190,000 · Park View Fsb
Dec 26, 1997
$526,400
West Dock River
Albert T Adams Trustee
Grant Deed
$421,049 · Firstmerit Bank NA
—
—
Canterbury Westlake Props LLC
—
Deed Of Trust
related
$312,000 · Firstmerit Bank NA
—
—
Canterbury Westlake Props LLC
—
Deed Of Trust
related
$2,500,000 · Firstmerit Bank NA
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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