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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Office Spaces
1020 Bolivar Rd 2 Cleveland, OH 44115-1204
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US66-2898860
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1919
Construction
CONCRETE
Total area
36,169 SF
Lot
0.21 ac (8,982 SF)
APN
101-38-302
UPID
US66-2898860
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
-
Covenant Insurance Agency
-
EO Cleveland: Think BIG Space Charitable Organization Social Service Agency
-
KMG Basement Waterproofing Cleveland Hardware & Home Improvement Construction Company
-
Cleaning Unlimited Commercial Cleaning Carpet Cleaning Service Janitorial Service
-
Parking Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.48M
Owner & transaction history
Mtp-1020 Bolivar Road LLC · 7 yrs held
Mtp-1020 Bolivar Road LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$41 / 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
$36,380
Tax year 2023
Assessed value
$344,410
Assessed 2023
Previous assessed
$344,410
+0.0% YoY
Effective rate
10.56%
On assessed value
Assessed land
$125,760
Assessed improvement
$218,650
Land market value
$359,300
Improvement market value
$624,700
Total market value
$984,000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1919
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Total area
36,169 SF
Lot
0.21 ac (8,982 SF)
APN
101-38-302
UPID
US66-2898860
Jurisdiction
CUYAHOGA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1919
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
0.21 ac
Current owner
From public records · entity-resolved
Mtp-1020 Bolivar Road LLC
Entity
Mailing address
1325 CARNEGIE AVE, CLEVELAND, OH 44115-2835
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2019
—
Mtp-1020 Bolivar Road LLC
Cleveland R/e Invs 1020 Boliva
Trustees Deed
related
$10,375,000 · A10 Cap
Sep 12, 2017
$2,702,358
Cleveland R & E Invs 1020 Boliva
Bc16 LLC
Grant Deed
—
Jun 7, 2016
$30,000
Bc16 LLC
Chief Deputy Sheriff Of Cuyahoga|1020 Bolivar LLC
Trustees Deed
—
Feb 18, 2010
—
1020 Bolivar LLC
—
Deed Of Trust
related
$6,151,318 · Citizens Federal Bank Fsb
Nov 8, 2006
—
1020 Bolivar LLC
—
Grant Deed
related
$6,250,000 · Republic Bank
—
—
1020 Bolivar LLC
—
Deed Of Trust
related
$1,000,000 · County Of Cuyahoga
—
—
1020 Bolivar LLC
—
Deed Of Trust
related
$1,000,000 · County Of Cuyahoga Ohio
—
—
Cleveland R & E Invs 1020 Boliva
—
Deed Of Trust
related
$2,750,000 · 1235 Euclid Ave Cleveland LLC
—
—
1020 Bolivar LLC
—
Deed Of Trust
related
$750,000 · Cleveland Mortgage Holders LLC
—
—
Satka Parking Ents LLC
—
Deed Of Trust
related
$25,000 · Joseph B Jerome Associates
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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