Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,325,000
Retail space
11308 Euclid Ave 11330 Cleveland, OH 44106-3925
Entity Owned
1-yr Hold
Free & Clear
Property ID
US66-2510848
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1926
Construction
TYPE NOT SPECIFIED
Total area
54,267 SF
Lot
0.44 ac (19,190 SF)
Zoning code
GR
APN
121-01-002
UPID
US66-2510848
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
-
Insomnia Cookies Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.69M
Blend (final)
Blend
$4.33M
Owner & transaction history
University East LLC · 1 yrs held
University East LLC
since 2024
5 recorded transactions
Zoning & alternative use
GR · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.9M
+69.5%
Neighborhood: shopping center
$5.5M
+58.1%
Auto repair, garage
$4.8M
+38.8%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,480,000
Current use
MEDICAL BUILDING
$5,895,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,495,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,830,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,790,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,495,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$4.33M
Range $3.89M – $4.76M · ±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
$80 / 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
$90,992
Tax year 2023
Assessed value
$911,090
Assessed 2023
Previous assessed
$911,090
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$162,540
Assessed improvement
$748,550
Land market value
$464,400
Improvement market value
$2,138,700
Total market value
$2,603,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1926
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
NONE
Stories
5
Units
48
Bathrooms
46
Total area
54,267 SF
Lot
0.44 ac (19,190 SF)
Zoning code
GR
APN
121-01-002
UPID
US66-2510848
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
RETAIL STORES Current
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.5M
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1926
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
5
Units
48
Bathrooms
46
Lot
0.44 ac
Current owner
From public records · entity-resolved
University East LLC
Entity
Free & Clear · 1 yrs held
Mailing address
25333 CEDAR RD STE #300, LYNDHURST, OH 44124-3788
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2024
—
University East LLC
—
Deed
related
$5,707,929 · First Commonwealth Bank
Oct 7, 2024
—
University East LLC
University Circle East LLC
Lease
—
Jul 7, 2021
—
University Circle East LLC
—
Deed
related
$2,297,605 · Pnc Bank NA
Jun 6, 2011
—
University Hosps Health System
City Of Cleveland Oh
Quit Claim Deed
related
—
Sep 18, 2003
—
University Circle East LLC
University Circle INC
Quit Claim Deed
related
$4,200,000 · Provident Savings Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11308 Euclid Ave, Unit 11330?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
