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Property profile & analytics
OFF-MARKET
Estimated value
$14,400,000
Strip malls
Winslow Rd Shaker Heights, OH 44120
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-4301620
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Lot
0.05 ac (2,265 SF)
Zoning code
CM
APN
735-17-003
UPID
US66-4301620
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.40M
Owner & transaction history
Mw Centers Shaker LLC · 4 yrs held
Mw Centers Shaker LLC
since 2021
Last sale
$14.8M
5 recorded transactions
Zoning & alternative use
CM · Shaker Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is to encourage a compact mix of retail, service, office, housing and public activities to coexist in a manner that reflects human scale and emphasizes pedestrian orientation, taking advantage of the convenience provided by multi-modal transportation options and the vitality that mixed uses can bring to a community
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
103.24 ac
Source
Realmo
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 Shaker Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shaker Heights 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
$13,595,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.40M
Range $12.96M – $15.84M · ±10% · vs last sale $14.80M (Aug 13 2021)
Last sale anchor
$14.80M
Aug 13 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
—
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
$1,215
Tax year 2023
Assessed value
$8,760
Assessed 2023
Previous assessed
$6,340
+38.2% YoY
Effective rate
13.87%
On assessed value
Assessed land
$6,340
Assessed improvement
$2,420
Land market value
$18,100
Improvement market value
$6,900
Total market value
$25,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Heating
NONE
Lot
0.05 ac (2,265 SF)
Zoning code
CM
APN
735-17-003
UPID
US66-4301620
Jurisdiction
CUYAHOGA
Zoning & alternative use
CM · Shaker Heights, OHZoning CM · permitted uses
CM · Shaker Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District is to encourage a compact mix of retail, service, office, housing and public activities to coexist in a manner that reflects human scale and emphasizes pedestrian orientation, taking advantage of the convenience provided by multi-modal transportation options and the vitality that mixed uses can bring to a community
Zone name
Commercial Mixed Use
General category
MIXED_USE
Zone area
103.24 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.05 ac
Current owner
From public records · entity-resolved
Mw Centers Shaker LLC
Entity
Free & Clear · 4 yrs held
Mailing address
125 HALF MILE RD STE #207, RED BANK, NJ 07701-6749
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2021
$14,800,000
Mw Centers Shaker LLC
Shaker Mzl LLC
Limited Warranty Deed
—
May 26, 2017
—
Shaker Mzl LLC
—
Grant Deed
related
$10,600,000 · Miscellaneous Ins Co
Dec 21, 2012
$11,700,000
Shaker Mzl LLC
Eig Shaker Towne Center LLC
Grant Deed
related
$7,750,000 · John Hancock Life Insurance Co
Jan 4, 2010
$8,350,000
Eig Shaker Towne Center LLC
Shaker Towne Center E & A LLC
Grant Deed
related
—
Dec 29, 2009
$8,940,000
Eig Shaker Towne Center LLC
Shaker Town Center E & A LLC
Grant Deed
related
$8,940,000 · Protective Life Insurance 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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