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Property profile & analytics
OFF-MARKET
Estimated value
$7,595,000
Retail space
Market Pl Dr Chagrin Falls, OH 44023
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-1934116
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
116,597 SF
Lot
11.36 ac (494,842 SF)
APN
02-420805
UPID
US66-1934116
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
by Request
CAP Approach
CAP
$7.12M
Comparable Approach
Comparable
$6.64M
Blend (final)
Blend
$7.60M
Owner & transaction history
Re Aurora Ohio Family LLC · 8 yrs held
Re Aurora Ohio Family LLC
since 2018
7 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 Chagrin Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chagrin Falls 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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,710,000
6.5%
$7,120,000
7%
$6,610,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,445,000
Current use
Blend value · Realmo final
$7.60M
Range $6.84M – $8.35M · ±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
$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
$304,341
Tax year 2023
Assessed value
$4,025,000
Assessed 2023
Previous assessed
$4,200,000
-4.2% YoY
Effective rate
7.56%
On assessed value
Assessed land
$397,600
Assessed improvement
$3,627,400
Land market value
$1,136,000
Improvement market value
$10,364,000
Total market value
$11,500,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Heating
NONE
Stories
1
Total area
116,597 SF
Lot
11.36 ac (494,842 SF)
APN
02-420805
UPID
US66-1934116
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
RETAIL STORES Current
Est. value
$11.4M
RETAIL STORES Current
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
11.36 ac
Current owner
From public records · entity-resolved
Re Aurora Ohio Family LLC
Entity
Mailing address
9852 BRENTWOOD DR, SANTA ANA, CA 92705-1534
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2018
—
Re Aurora Ohio Family LLC
Pebb Cleveland LLC
Trustees Deed
$10,900,000 · Ladder Cap Fin
Dec 24, 2014
—
Pebb Cleveland LLC
—
Grant Deed
related
$10,365,000 · Branch Bk&tr
Dec 5, 2013
—
Pebb Cleveland LLC
Lb-ubs 2005-c3 Marketplace Of Fou
Quit Claim Deed
related
—
May 8, 2013
—
Pebb Cleveland LLC
Us Bk NA Series 2005-03
Grant Deed
—
Nov 29, 2012
$2,733,400
Us Bk National Assn
Sheriff Of Geauga County
Trustees Deed
related
—
Dec 14, 2004
—
Bainbridge Land Dev II LLC
Bainbridge Land Dev LLC
Quit Claim Deed
related
$9,600,000 · Lehman Brothers Bank Fsb
—
—
Bainbridge Leasehold Dev LLC
—
Deed Of Trust
related
$500,000 · National City Bank
—
—
Bainbridge Leasehold Dev LLC
—
Deed Of Trust
related
$650,000 · National City Bank
—
—
Bainbridge Land Dev LLC
—
Deed Of Trust
related
$650,000 · National City 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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