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Financial
Distress signals
Property profile

10604 Lorain Ave Cleveland, OH 44111

FOR LEASE
Grocery and convenience stores
Property ID
US66-2631981
70,200 SF 15.3 ac lot Built 1988
Last sale Dec 2012 · $7,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Westown Square, located at 10604 Lorain Ave in Cleveland, Ohio (zip code 44111), offers a prime retail opportunity in Cuyahoga County. This multi-tenant commercial property boasts a total of 175,030 square feet and currently has two available suites totaling 5,750 square feet of vacant space. Individual suites range in size from a minimum of 2,250 square feet to a maximum contiguous space of 3,500 square feet, providing flexibility for various business needs. The property's strategic…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$299k
Tax billed · 2023
Assessed value$2.95M
Assessed land$1.05M
Assessed improvement$1.90M
Effective rate10.14%

Value estimate

· Oct 2026
$8.09M
$7.28M – $8.89M
CAP approach$10.38M
Submarket $/SF estimate$7.74M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$64/SF
Submarket average, outlier-cleaned · 450 recorded sales of this use type
Observed band · Q1–Q3$29 – $110

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?
SC
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 agency55.1
Law Firm47.0
Skin Care Clinic19.9

Location

10604 Lorain Ave Cleveland, OH 44111
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file 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
3412 105th, Cleveland, OH 44111-1243 $70,000 Oct 2024 7,048 SF
3645 117th, Cleveland, OH 44111-5226 $230,000 Sep 2024 8,241 SF
12222 Lorain, Cleveland, OH 44111-3507 $150,000 Jun 2023 4,320 SF
10018 Lorain, Cleveland, OH 44111 $280,000 Jun 2023 6,704 SF
3171 Ww, Cleveland, OH 44111-2821 $5,760,000 Dec 2021 11,625 SF
3681 105th, Cleveland, OH 44111-4802 $150,000 Sep 2021 6,700 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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