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Property profile & analytics
OFF-MARKET
Estimated value
$8,595,000
Retail space
11440 Euclid Ave Cleveland, OH 44106-3934
Entity Owned
15-yr Hold
Free & Clear
Property ID
US66-4248634
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Construction
CONCRETE
Total area
74,496 SF
Lot
0.54 ac (23,685 SF)
Zoning code
GR
APN
120-29-025
UPID
US66-4248634
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
-
Build The Pho Restaurant
-
The Sweet Spot Bakery Take-out & Catering
-
Inchin's Bamboo Garden Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.01M
Comparable Approach
Comparable
$8.21M
Blend (final)
Blend
$8.60M
Owner & transaction history
Ajappjr Uptown LLC · 15 yrs held
Ajappjr Uptown LLC
since 2010
1 recorded transaction
Zoning & alternative use
GR · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.6M
+163.2%
Office building
$12.1M
+152.4%
Medical building
$8.1M
+69.5%
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%
$11,930,000
6.5%
$11,010,000
7%
$10,225,000
Alternative Use
Use
Estimation
RESTAURANT
$12,565,000
Change: +163% · Conversion: Easy
OFFICE BUILDING
$12,050,000
Change: +152% · Conversion: Easy
MEDICAL BUILDING
$8,095,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,545,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$6,630,000
Change: +39% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,575,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,175,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$8.60M
Range $7.74M – $9.45M · ±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
$115 / 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
$208,262
Tax year 2023
Assessed value
$2,085,300
Assessed 2023
Previous assessed
$2,085,300
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$273,560
Assessed improvement
$1,811,740
Land market value
$781,600
Improvement market value
$12,466,400
Total market value
$13,248,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Construction
CONCRETE
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
3
Units
70
Total area
74,496 SF
Lot
0.54 ac (23,685 SF)
Zoning code
GR
APN
120-29-025
UPID
US66-4248634
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
RESTAURANT
Est. value
$12.6M
OFFICE BUILDING
Est. value
$12.1M
MEDICAL BUILDING
Est. value
$8.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$6.2M
RESTAURANT
OFFICE BUILDING
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
2012
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
70
Lot
0.54 ac
Current owner
From public records · entity-resolved
Ajappjr Uptown LLC
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 14100, CLEVELAND, OH 44114-0100
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2010
$912,500
Ajappjr Uptown LLC
Case Western Reserve Univ
Grant Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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