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Property profile & analytics
OFF-MARKET
Estimated value
$7,890,000
Hotels
1100 Carnegie Ave Cleveland, OH 44115-2806
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2119112
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Construction
TYPE NOT SPECIFIED
Total area
138,116 SF
Lot
0.72 ac (31,524 SF)
Zoning code
SI
APN
122-02-016
UPID
US66-2119112
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 Dinner Detective Murder Mystery Dinner Show - Cleveland, Ohio Restaurant Theater & Performing Art Venue
-
Trico ATM Leasing Atm
-
cleveland clinic Association Or Organization
-
Harveys Sports Bar Bar & Pub
-
Hilton Garden Inn Cleveland Downtown Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.89M
Owner & transaction history
Mcr Cleveland Tenant LLC · 1 yrs held
Mcr Cleveland Tenant LLC
since 2024
7 recorded transactions
Zoning & alternative use
SI · Cleveland, OH
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,545,000
6.5%
$10,660,000
7%
$9,895,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$12,290,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$7.89M
Range $7.10M – $8.68M · ±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
$57 / 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
$472,402
Tax year 2023
Assessed value
$4,508,000
Assessed 2023
Previous assessed
$4,508,000
+0.0% YoY
Effective rate
10.48%
On assessed value
Assessed land
$328,230
Assessed improvement
$4,179,770
Land market value
$937,800
Improvement market value
$11,942,200
Total market value
$12,880,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2000
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
YES
Stories
11
Units
240
Bathrooms
1
Total area
138,116 SF
Lot
0.72 ac (31,524 SF)
Zoning code
SI
APN
122-02-016
UPID
US66-2119112
Jurisdiction
CUYAHOGA
Zoning & alternative use
SI · Cleveland, OH
Zoning SI · permitted uses
SI · 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
AUTO REPAIR, GARAGE
Est. value
$12.3M
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
2000
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
11
Units
240
Bathrooms
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Mcr Cleveland Tenant LLC
Entity
Mailing address
1503 LYNDON B JOHNSON FWY STE #300, DALLAS, TX 75234-6011
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
—
Mcr Cleveland Tenant LLC
Mcr Cleveland LLC
Deed
$100,000 · Jpmorgan Chase Bank NA
Jul 20, 2022
—
Mcr Cleveland LLC
—
Deed
related
$100,000 · Wells Fargo Bank NA
Dec 9, 2019
$28,160,000
Mcr Cleveland LLC
Hotel 1100 Carnegie LP
Trustees Deed
$1,590,000 · Wells Fargo Bk
Jun 29, 2015
$16,597,500
Hotel 1100 Carnegie LP
Jpmcc 2006-ldp7 Carnegie Avenu
Grant Deed
—
Oct 22, 2012
$12,430,000
Jpmcc 2006-ldp7 Carnegie Avenu
Sheriff Of Cuyahoga County
Trustees Deed
—
May 12, 2006
—
1100 Carnegie LLC
1100 Carnegie
Quit Claim Deed
related
—
Feb 7, 2000
—
Progress Properties South LP
Schach,harvey J
Quit Claim Deed
related
—
Nov 24, 1999
—
1100 Carnegie LP
Progress Properties South LP
Quit Claim 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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