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Property profile & analytics
OFF-MARKET
Estimated value
$17,115,000
Hotels
100 Lakeside Ave Cleveland, OH 44113-1056
Individually Owned
12-yr Hold
Free & Clear
Property ID
US66-2284978
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2016
Construction
STEEL FRAME
Total area
217,255 SF
Lot
2.04 ac (88,872 SF)
Zoning code
GR
APN
101-06-001
UPID
US66-2284978
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Burnham Restaurant
-
Encore IT Consulting Firm Tech Support Center
-
Hilton Cleveland Downtown Hotel & Motel
-
Bar 32 Bar & Pub
-
Eliot's Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.77M
Comparable Approach
Comparable
$12.63M
Blend (final)
Blend
$17.12M
Owner & transaction history
Cnty Port A Cleveland-cuyahoga · 12 yrs held
Cnty Port A Cleveland-cuyahoga
since 2014
2 recorded transactions
Zoning & alternative use
GR · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$26.9M
+13.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,165,000
6.5%
$16,765,000
7%
$15,570,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$23,790,000
Current use
APARTMENT HOUSE (5+ UNITS)
$26,890,000
Change: +13% · Conversion: Difficult
MEDICAL BUILDING
$23,605,000
Change: -1% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$22,010,000
Change: -7% · Conversion: Difficult
WAREHOUSE, STORAGE
$20,280,000
Change: -15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,330,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$17.12M
Range $15.40M – $18.83M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$79 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,492,921
Tax year 2023
Assessed value
$24,961,270
Assessed 2023
Previous assessed
$24,961,270
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$3,304,950
Assessed improvement
$21,656,320
Land market value
$9,442,700
Improvement market value
$61,875,200
Total market value
$71,317,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Stories
5
Units
600
Total area
217,255 SF
Lot
2.04 ac (88,872 SF)
Zoning code
GR
APN
101-06-001
UPID
US66-2284978
Jurisdiction
CUYAHOGA
Zoning & alternative use
GR · Cleveland, OH
Zoning GR · permitted uses
GR · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$23.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$26.9M
MEDICAL BUILDING
Est. value
$23.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.0M
WAREHOUSE, STORAGE
Est. value
$20.3M
AUTO REPAIR, GARAGE
Est. value
$19.3M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
5
Buildings
2
Units
600
Lot
2.04 ac
Current owner
From public records · entity-resolved
Cnty Port A Cleveland-cuyahoga
Individual
Free & Clear · 12 yrs held
Mailing address
520 MADISON AVE FL, NEW YORK, NY 10022-4213
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2014
—
Cnty Port A Cleveland-cuyahoga
City Of Cleveland
Quit Claim Deed
related
—
Oct 31, 2001
—
Cuyahoga County Board Commissi
Rist,joseph E & Ann
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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