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Property profile & analytics
OFF-MARKET
Drive through restaurants
11600 Miles Ave, Cleveland, OH 44105-5407
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-5618178
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1998
Construction
TYPE NOT SPECIFIED
Total area
1,858 SF
Lot
0.34 ac (15,000 SF)
Zoning code
LR
APN
138-13-001
UPID
US66-5618178
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fresh & Meaty Burgers Cleveland Mil · 2 yrs held
Fresh & Meaty Burgers Cleveland Mil
since 2024
7 recorded transactions
Zoning & alternative use
LR · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,651
Tax year 2023
Assessed value
$23,490
Assessed 2023
Previous assessed
$23,490
+0.0% YoY
Effective rate
11.29%
On assessed value
Assessed land
$7,110
Assessed improvement
$16,380
Land market value
$20,300
Improvement market value
$46,800
Total market value
$67,100
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1998
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
1,858 SF
Lot
0.34 ac (15,000 SF)
Zoning code
LR
APN
138-13-001
UPID
US66-5618178
Jurisdiction
CUYAHOGA
Zoning & alternative use
LR · Cleveland, OH
Zoning LR · permitted uses
LR · 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.
Building & site characteristics
From public records
Year built
1998
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Fresh & Meaty Burgers Cleveland Mil
Individual
Mailing address
18017 CHATSWORTH ST #120, GRANADA HILLS, CA 91344-5608
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
Jan 9, 2024
—
Fresh & Meaty Burgers Cleveland Mil
Fresh And Meaty Burgers Cleveland I
Intrafamily Transfer
related
$500,000 · Key Bank NA
Jul 11, 2022
—
Fresh And Meaty Burgers Clevelnd In
Union Miles Development Corporation
Warranty Deed
—
Aug 1, 2019
—
Union Miles Dev Corp
Cuyahoga Cnty Land Reutilizati
Quit Claim Deed
related
—
Jul 15, 2019
—
Cuyahoga Cnty Land Reutilizati
Sheriff/ Cuyahoga County|tarrify Properties LLC
Quit Claim Deed
related
—
Oct 1, 2015
$289,088
Tarrify Properties LLC
Aka Realty II LLC
Grant Deed
$32,500 · Hml Trio LLC
Apr 4, 2008
$201,460
Aka Realty II LLC
Premier Restaurant Mgmt
Grant Deed
$160,000 · Fifth Third Bank
Jul 17, 1997
$143,000
Premier Restaurant Management
Wilson,lee & Linda F
Grant Deed
$543,000 · Ffca Acquistion Corp
—
—
Aka Realty II LLC
—
Deed Of Trust
related
$215,110 · Fifth Third 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.
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