Financial
Distress signals
Property profile

1561 40th St Cleveland, OH 44103

OFF-MARKET
Other warehouses
Property ID
US66-1732262
4,480 SF 0.14 ac lot Built 1969
Last sale Feb 2026 · $225,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 1561 E 40th St in Cleveland, Ohio is a flex/light industrial building on a 0.139-acre lot, zoned SI-C3 Semi Industry. It contains approximately 4,480 SF total of space, with about 912 SF configured as office area and about 3,896 SF as warehouse space. The warehouse features clear-span construction, approximately 16-foot clear height, floor drains, a shop sink, and one 12-foot by 14-foot drive-in loading door. Electrical service is 240V, and the building is equipped with a

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$45k
Assessed land$4k
Assessed improvement$41k
Effective rate9.99%

Value estimate

· Sep 2026
$215k
$194k – $237k
AI approach$215k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$37/SF
ZIP average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$15 – $68
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
SI
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Shoe Repair
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Shoe Repair8.6
Skin Care Clinic8.4
Acupuncture8.0

Location

1561 40th St Cleveland, OH 44103-2301
County assessor Recorded deeds · 2 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1054 71st, Cleveland, OH 44103-1765 $70,800 Jul 2025 3,527 SF
7309 Saint Clair, Cleveland, OH 44103-5715 $18,000 Oct 2024 3,948 SF
6203 Superior, Cleveland, OH 44103-2525 $39,000 Oct 2024 5,397 SF
7716 Saint Clair, Cleveland, OH 44103 $15,000 Oct 2024 3,422 SF
1541 Addison, Cleveland, OH 44103-3357 $285,000 Oct 2024 5,338 SF
7029 Euclid, Cleveland, OH 44103-4013 $650,000 Apr 2024 5,956 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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