Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    636-708 Saint Clair Avenue Northeast Cleveland, OH 44114 Cleveland, OH 44114
    Back to Search
    Property profile & analytics

    636-708 Saint Clair Avenue Northeast Cleveland, OH 44114, Cleveland, OH 44114

    View on Map
    • Mixed-use properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 636-708 Saint Clair Avenue Northeast Cleveland, OH 44114

    Year built
    1917
    Property type
    Mixed-use properties
    Property subtype
    Retail residential properties

    Description

    Located in the heart of the CBD Just a few blocks to Lake Erie and Public Square On site fitness center Attached garage for employee parking with valet Nearby eateries and hotels Location Description Located within walking distance to the Westin Hotel, Drury Hotel (brand new), Hilton Cleveland Downtown, Urban Farmer Steakhouse, YMCA, Cleveland Public Library, Chase Bank, the Convention Center of Cleveland, Cleveland Browns Stadium (FirstEnergy Stadium), Rock & Roll Hall of Fame & Great Lakes Science Center and just a few blocks from Lake Erie and Public Square, the Lincoln Building is in the heart of the CBD.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    State
    Ohio
    Longitude
    -81.6629
    Latitude
    41.5171

    Comparable in this City

    • Value Estimation by Request
      39,691 SF

      2136 Rockwell Ave

      Individual retail properties
      2136 Rockwell Ave, Cleveland, OH 44114
      View Details
    • Value Estimation by Request
      0.12 Acres

      1587 32nd St

      STORE/OFFICE (MIXED USE)
      1587 32nd St, Cleveland, OH 44114-4336
      View Details
    • Value Estimation by Request
      19,845 SF

      600 5 3 Bldg.

      Office Units
      600 5 3 Bldg., Cleveland, OH 44114
      View Details
    • Value Estimation by Request

      127 Public Sq

      Office Spaces
      127 Public Sq, Cleveland, OH 44114
      View Details
    • Value Estimation by Request

      184 Euclid Ave

      Restaurants
      184 Euclid Ave, Cleveland, OH 44114
      View Details
    • Value Estimation by Request

      1728 St Clair Ave

      Office Spaces
      1728 St Clair Ave, Cleveland, OH 44114
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,000 SF

      Flexible Warehouse/Industrial Mixed-Use Space

      25,000 SF building near Downtown Cleveland with multiple potential uses.
      2324 Lakeside Ave, Cleveland, OH 44114
      View Details
    • $625,000

      Historic Cleveland Landmark Opportunity

      Three-story brick building near Cleveland State and Playhouse Square.
      1740 East 17Th St, Cleveland, OH 44114
      View Details
    • Contact for pricing
      65,188 SF

      Historic Warehouse Conversion Opportunity

      65,000 SF building near CSU campus, ideal for redevelopment.
      2630 Payne Ave, Cleveland, OH 44114
      View Details
    • $800,000
      16,560 SF

      Asian Town Mixed-Use Assemblage

      Two buildings, parking lot, and vacant land in Cleveland.
      3610-3620 Superior Ave, Cleveland, OH 44114
      View Details
    • Contact for pricing
      23,789 SF

      Downtown Cleveland Class A Office

      Class A office space in downtown Cleveland with various layouts.
      1215 Superior Ave, Cleveland, OH 44114
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,120 SF

      Mixed-Use Building with Live/Work Space

      Two-story building with storefront/studio and three-bedroom apartment.
      3528 St Clair Ave, Cleveland, OH 44114
      View Details
    • $1,300 /Mo
      9,148 SF

      Versatile Cleveland Live/Work Space

      First-floor space ideal for commercial or residential use.
      3849 Lakeside Ave, Cleveland, OH 44114
      View Details
    • Contact for pricing
      27,889 SF

      Historical Mixed-Use Conversion in Cleveland

      Class-A units near Cleveland attractions with planned downtown development.
      45 Erieview Plz, Cleveland, OH 44114
      View Details
    • Contact for pricing

      Euclid Avenue Office Space

      Office space available for rent on Euclid Avenue.
      629 Euclid Ave, Cleveland, OH 44114
      View Details
    • Contact for pricing
      23,454 SF

      Executive Office Space, Cleveland

      Prestigious Cleveland Office: 23,454 SF Available
      1111 Superior Ave, Cleveland, OH 44114
      View Details
    • Contact for pricing

      Office Space Available for Rent

      Office property available for rent at 1231 Superior Avenue.
      1231 Superior Ave E, Cleveland, OH 44114
      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.
    636-708 Saint Clair Avenue Northeast Cleveland, OH 44114
    Cleveland, OH 44114
    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

    Thank You for Inquiry
    636-708 Saint Clair Avenue Northeast Cleveland, OH 44114, Cleveland, OH, 44114
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!