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Financial
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Property profile

1148 Prospect Ave E Cleveland, OH 44115

FOR SALE
Warehouses
Property ID
US66-2552733
2,598 SF 26.7 ac lot Built 1889
Last sale Jul 2011
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 3,381 square foot office condo at 1148 Prospect Avenue E, Cleveland, Ohio 44115, is available for sale or lease. Priced at $450,000 ($133.10/sq ft), this fully updated, award-winning property boasts a stunning design. The unit features a desirable floor plan with large offices, exposed brick, a charming fireplace, and an open stairwell leading to additional lower-level space. Enjoy abundant natural light from the floor-to-ceiling windows lining the Prospect Avenue frontage. …

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$58k
Assessed land$14k
Assessed improvement$44k
Effective rate9.99%

Value estimate

· Oct 2026
$240k
$216k – $264k
AI approach$240k
NOI build-up
Gross scheduled income$63k
Vacancy & credit loss−$13k
Operating expenses−$13k
NOI · 8.44% cap applied$38k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$51/SF
Submarket average, outlier-cleaned · 762 recorded sales of this use type
Observed band · Q1–Q3$25 – $86
Qualifying comparables9

Cap rate analysis

How does the asset earn?
8.44%
$38k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Shoe Repair
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Shoe Repair8.7
Laundromat8.5
Butcher8.3

Location

1148 Prospect Ave E Cleveland, OH 44115
County assessor Recorded deeds · 2 transfers 9 qualifying comp sales Zoning catalog · not on file

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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3615 Orange, Cleveland, OH 44115 $180,000 Jun 2025 4,200 SF
3865 Carnegie, Cleveland, OH 44115-2717 $350,000 Dec 2023 3,116 SF
2401 Carnegie, Cleveland, OH 44115-2623 $1,400,000 Jun 2023 5,218 SF
3533 Cedar, Cleveland, OH 44115 $102,000 Dec 2021 5,200 SF
3224 Prospect E, Cleveland, OH 44115-2614 $310,000 Dec 2021 5,670 SF
2350 Broadway, Cleveland, OH 44115 $50,000 Dec 2018 3,765 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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