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Property profile & analytics
OFF-MARKET
Estimated value
$3,355,000
Medical Office Space
11717 Euclid Ave 11723 Cleveland, OH 44106-4350
Individually Owned
3-yr Hold
Free & Clear
Property ID
US66-0706065
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1963
Construction
TYPE NOT SPECIFIED
Total area
37,762 SF
Lot
1.11 ac (48,195 SF)
Zoning code
GR
APN
120-23-032
UPID
US66-0706065
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
-
Elaine J. Steele, PsyD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$3.36M
Owner & transaction history
Case Western Reserve University · 3 yrs held
Case Western Reserve University
since 2022
Last sale
$3.8M
3 recorded transactions
Zoning & alternative use
GR · 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
$3,055,000
ML approach
$3,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,105,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,825,000
Change: -7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,360,000
Change: -18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,330,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$3.36M
Range $3.02M – $3.69M · ±10% · vs last sale $3.75M (Sep 22 2022)
Last sale anchor
$3.75M
Sep 22 2022
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
$89 / 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
$95,508
Tax year 2023
Assessed value
$956,310
Assessed 2023
Previous assessed
$956,310
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$177,140
Assessed improvement
$779,170
Land market value
$506,100
Improvement market value
$2,226,200
Total market value
$2,732,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1963
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Total area
37,762 SF
Lot
1.11 ac (48,195 SF)
Zoning code
GR
APN
120-23-032
UPID
US66-0706065
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
MEDICAL BUILDING Current
Est. value
$4.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1963
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
2
Lot
1.11 ac
Current owner
From public records · entity-resolved
Case Western Reserve University
Individual
Free & Clear · 3 yrs held
Mailing address
10900 EUCLID AVE, CLEVELAND, OH 44106-1712
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2022
$3,750,000
Case Western Reserve University
University Circle Incorporated
Limited Warranty Deed
—
Aug 7, 2017
$3,075,000
University Circle INC
Chagrin Realty INC
Grant Deed
—
Oct 5, 1999
—
Leonard C Resenberg Foundation
Community Dialysis Center
Grant 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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