Financial
Distress signals
Property profile

15602 Waterloo Rd Cleveland, OH 44110

FOR SALE
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Property ID
US66-5241691
4,097 SF 0.16 ac lot Built 1920
Last sale Nov 2023 · $210,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A freestanding brick commercial building constructed in the 1920s, configured to support flexible commercial uses and including a full basement for additional functional space such as storage or workflow support. The existing layout is described as suitable for a range of concepts including retail, gallery space, or office use, with street-facing frontage and standalone building access. The property is located in the Waterloo Arts District, and access is described as being convenient to I-90.

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?
$4k
Tax billed · 2023
Assessed value$37k
Assessed land$5k
Assessed improvement$32k
Effective rate9.99%

Value estimate

· Sep 2026
$135k
$122k – $149k
AI approach$170k
NOI build-up
Gross scheduled income$34k
Vacancy & credit loss−$3k
Operating expenses−$9k
NOI · 9.11% cap applied$22k

Realmo valuation models over county records and 21 qualifying comparable sales.

Recently sold

What actually traded nearby?
$39/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$20 – $58
Qualifying comparables21

Cap rate analysis

How does the asset earn?
9.11%
$22k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LR
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 agency23.4
Dental Office21.4
Law Firm19.7

Location

15602 Waterloo Rd Cleveland, OH 44110
County assessor Recorded deeds · 5 transfers 21 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
16011 Waterloo, Cleveland, OH 44110-1663 $217,500 Mar 2025 4,720 SF
14413 Saranac, Cleveland, OH 44110-2334 $27,000 Oct 2024 3,580 SF
796 London, Cleveland, OH 44110-3186 $87,000 Oct 2024 3,280 SF
16712 Westfield, Cleveland, OH 44110-2925 $40,000 Jan 2024 4,320 SF
16100 Waterloo, Cleveland, OH 44110-3813 $475,000 Nov 2023 3,310 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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