Financial
Distress signals
Property profile

1940 Lee Rd Cleveland Heights, OH 44118

OFF-MARKET
Warehouses
Property ID
US66-5772816
43,104 SF 3.07 ac lot Built 2002
Last sale Oct 2022 · $3,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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?
$137k
Tax billed · 2023
Assessed value$963k
Assessed land$227k
Assessed improvement$736k
Effective rate14.26%

Value estimate

· Sep 2026
$2.85M
$2.56M – $3.13M
AI approach$3.07M
CAP approach$3.16M
Sales comparison$2.84M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$51/SF
Submarket average, outlier-cleaned · 762 recorded sales of this use type
Observed band · Q1–Q3$25 – $86
Qualifying comparables3

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?
S2
Chap. 1145. S-2 Mixed Use District. Chap. 1147. Planned Development Overlay District. CHAPTER 1141 Planned Development Objectives 1141.01...
General categoryMIXED_USE
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency11.3
Electrical Service10.6
Carpet & Flooring Store9.1

Location

1940 Lee Rd Cleveland Heights, OH 44118-2163
County assessor Recorded deeds · 12 transfers 3 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
13179 Cedar, Cleveland Heights, OH 44118-2724 $900,000 Feb 2023 24,124 SF
3460 Mayfield, Cleveland Heights, OH 44118-1405 $17,150,000 Jul 2022 113,926 SF
2040 Lee, Cleveland Heights, OH 44118-2557 $850,000 Apr 2022 12,420 SF
5 Severance, Cleveland Heights, OH 44118-1566 $1,082,530 Feb 2022 114,413 SF
1636 Lee, Cleveland Heights, OH 44118 $1,700,000 Dec 2021 23,667 SF
13922 Cedar, University Heights, OH 44118-3204 $38,750,000 Jul 2021 39,174 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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