Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5379 St Clair Ave Cleveland, OH 44103

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5379 St Clair Ave Cleveland, OH 44103

    View on Map
    • Retail properties & Spaces
    • 4,314 SF
    • 0.19 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 5379 St Clair Ave

    Lot size
    0.19 lot acres
    Property size
    4,314 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional Cleveland, Ohio mixed-use property presents a unique owner-user opportunity. Located at 5379 St. Clair Ave., this 4,314 square foot building sits on a 0.19-acre lot and comprises a fully equipped, turnkey restaurant and two occupied residential apartments. The property benefits from a valuable liquor license and includes kitchen equipment, ready for immediate operation. Two dedicated parking spaces are available for apartment tenants. Renovated in 2007 while retaining its historic 1900 charm, the building enjoys a highly visible location on St. Clair Avenue, minutes from Downtown Cleveland and I-90, ensuring high foot traffic and strong visibility. The property's prime location within a vibrant and densely populated area offers significant potential for both restaurant and rental income. This is an ideal investment for an entrepreneur seeking a combined business and residential income stream in a thriving Cleveland neighborhood. The building's strong location and existing tenant occupancy provide immediate cash flow potential. This is a rare opportunity to acquire a well-established, profitable business with additional rental income. The property's combination of commercial and residential space offers a unique and attractive investment opportunity in a desirable Cleveland location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6535
    Latitude
    41.5218

    Comparable in this City

    • Value Estimation by Request
      4,660 SF

      6516 St Clair Ave

      Individual retail properties • 4,660 SF
      6516 St Clair Ave, Cleveland, OH 44103
      View Details
    • Value Estimation by Request
      697 SF

      6611 Saint Clair Ave

      BAR, TAVERN • 697 SF
      6611 Saint Clair Ave, Cleveland, OH 44103-1637
      View Details
    • Value Estimation by Request
      3,356 SF

      1194 71st St

      BAR, TAVERN • 3,356 SF
      1194 71st St, Cleveland, OH 44103-1935
      View Details
    • Value Estimation
      $965,000
      14,259 SF

      1375 55th St

      BAR, TAVERN • 14,259 SF
      1375 55th St, Cleveland, OH 44103-1301
      View Details
    • Value Estimation by Request

      2286 55Th St

      Restaurants
      2286 55Th St, Cleveland, OH 44103
      View Details
    • Value Estimation by Request
      0.10 Acres

      1233 Norwood Rd

      APARTMENT HOUSE (5+ UNITS) • 0.10 Acres
      1233 Norwood Rd, Cleveland, OH 44103
      View Details

    Similar Nearby for Sale

    • $890,000

      Mixed-Use Property with Restaurant

      Mixed-use property featuring a restaurant, shoe repair shop, and apartments.
      5384 Saint Clair Ave, Cleveland, OH 44103
      View Details
    • Contact for pricing
      9,072 SF

      Mixed-Use Property with Established Restaurant

      Mixed-use property featuring a restaurant, shoe repair shop, and apartments.
      5384 Saint Clair Ave, Cleveland, OH 44103
      View Details
    • $135,000
      2,010 SF

      Updated Multifamily Property in Cleveland

      Updated multifamily property with strong income potential in Cleveland, OH.
      1736 E 47Th St, Cleveland, OH 44103
      View Details
    • Contact for pricing
      0.67 Acres

      Midtown Cleveland Retail Land

      Prime 0.67-acre retail site, 32,000 SF.
      6811 Carnegie Ave, Cleveland, OH 44103
      View Details
    • $85,000
      0.14 Acres

      Cleveland Multifamily Investment Opportunity

      Multifamily property in Cleveland, near downtown, parks, and transportation.
      6316 Lexington Ave, Cleveland, OH 44103
      View Details
    • $145,000
      2,544 SF

      Renovated Multi-Family Investment Opportunity

      Renovated multi-family property with immediate occupancy and income potential.
      8302 Sowinski Ave, Cleveland, OH 44103
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      4,000 SF

      Agora Restaurant Opportunity in Cleveland

      Restaurant space available within the iconic Agora complex.
      5000-5200 Euclid Ave, Cleveland, OH 44103
      View Details
    • Contact for pricing

      Retail Building with Parking

      7,000 sq ft building with parking available for rent.
      2286 E 55Th St, Cleveland, OH 44103
      View Details
    • Contact for pricing
      2,000 SF

      Freestanding Building with Individual Kitchens

      17,600 sq ft building with thirty individual kitchens.
      1990 E 40Th St, Cleveland, OH 44103
      View Details
    • Contact for pricing

      Restaurant Space at Iconic Agora

      Restaurant space available in Cleveland's Midtown district.
      5200 Euclid Ave, Cleveland, OH 44103
      View Details
    • Contact for pricing
      3,000 SF

      Restaurant with Drive Thru Available

      Freestanding 3,000 SF restaurant with drive-thru for lease.
      8118 Euclid Ave, Cleveland, OH 44103
      View Details
    • Contact for pricing
      7,600 SF

      Euclid Avenue Retail Space Available

      Retail space available in a 109,547 SF shopping center.
      8037 Euclid Ave, Cleveland, OH 44103
      View Details
    Request Owner's contact information
    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.
    5379 St Clair Ave
    Cleveland, OH 44103
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!