Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    13201 Superior Ave East Cleveland, OH

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2,023 SF fully fixtured drive-thru restaurant on 0.51 acres.

    Property size:
    2,023 SF
    Lot size:
    0.62 Acres

    Property Features for 13201 Superior Ave

    General Information

    Size
    2,023 SF
    Lot size
    0.62 Acres

    We can help!

    Listing Contact
    Steve Eisenberg
    Steve Eisenberg
    Source: Moodyscre

    Listing Agency: Arnold J. Eisenberg, Inc. Listing Agent: Steve Eisenberg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Drive-Thru Restaurant Near Rapid Station

    This is a fully fixtured 2,023 SF drive-thru restaurant situated on 0.51 acres. The property is located next to the Superior rapid station. The traffic count at Euclid and Superior Ave. is 29,468 VPD. Area retailers include Taco Bell, Popeyes, McDonalds, and Papa John's.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Map

    City
    East Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5790137
    Latitude
    41.5331066

    Nearby Similar for Sale

    • $169,900
      2,864 SF

      East Cleveland Multifamily Value-Add Opportunity

      Three-unit property with income potential near University Circle.
      1526 Eddington Rd, East Cleveland, OH 44118
      View Details
    • New
      $280,000
      3,900 SF

      East Cleveland Triplex Investment Opportunity

      Cash-flowing triplex near downtown Cleveland, fully occupied and professionally managed.
      1812 Hastings Ave, East Cleveland, OH 44112
      View Details
    • $152,500
      4,529 SF

      Remodeled Triplex Near Cleveland Heights

      Fully occupied, remodeled triplex with separate utilities and high cap rate.
      1602 Hillcrest Rd, East Cleveland, OH 44118
      View Details
    • New
      $119,900
      3,636 SF

      Well-Maintained Two-Family Home

      Renovated two-family home with income potential in East Cleveland.
      1045 Carlyon Rd, East Cleveland, OH 44112
      View Details
    • $40,000
      1,992 SF

      East Cleveland Duplex Renovation Opportunity

      Value-add duplex needing full renovation in East Cleveland.
      1238 E 145Th St, East Cleveland, OH 44112
      View Details
    • New
      $79,900
      0.08 Acres

      Income-Producing Duplex with Finished Suite

      East Cleveland duplex with third-floor suite and long-term tenants.
      1286 E 134Th St, East Cleveland, OH 44112
      View Details
    • $85,000
      Pending

      East Cleveland Duplex For Sale

      Fully rented duplex with immediate cash flow in prime location.
      1623 Delmont Ave, East Cleveland, OH 44112
      View Details
    • New
      $185,000
      Pending

      Income-Generating Duplex in East Cleveland

      Two-unit duplex with income potential for investors or owner-occupants.
      1760 Carlyon Rd, East Cleveland, OH 44112
      View Details
    • $59,000
      0.07 Acres

      East Cleveland Multifamily Investment Opportunity

      Multifamily property in East Cleveland with cash flow potential.
      14413 Potomac Ave, East Cleveland, OH 44112
      View Details
    • $69,500
      0.13 Acres

      East Cleveland Multifamily Property

      Multifamily property in East Cleveland, sold as-is.
      1427 E 133Rd St, East Cleveland, OH 44112
      View Details
    • $50,000
      1,698 SF

      East Cleveland Duplex Opportunity

      Duplex in Cleveland, great potential for rental income.
      1276 E 133Rd St, East Cleveland, OH 44112
      View Details
    • New
      $145,000
      0.14 Acres

      Euclid Avenue Commercial Opportunity

      Multi-tenant building with flexible use potential in East Cleveland.
      14900 E Euclid Ave E, East Cleveland, OH 44112
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - 2,023 SF fully fixtured drive-thru restaurant on 0.51 acres.
    Where is this drive through restaurant located?
    The property is located at 13201 Superior Ave East Cleveland, OH.
    What are key features of this property?
    This property features: - Fully fixtured 2,023 SF drive thru restaurant; - Located next to the Superior rapid station; - Situated on .51 acres
    (216) 831-6773 Call to check price and availability
    Request Owner's contact information
    13201 Superior Ave East Cleveland, OH
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13201 Superior Ave
    East Cleveland, OH
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    13201 Superior Ave East Cleveland, OH
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Eisenberg
    Steve Eisenberg
    (216) 831-6773
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!