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Property profile & analytics
OFF-MARKET
Warehouses
11723 Lorain Ave Cleveland, OH 44111
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-0867599
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1926
Construction
WOOD
Total area
3,950 SF
Lot
0.1 ac (4,179 SF)
Zoning code
LR
APN
018-05-023
UPID
US66-0867599
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
Yassen Corp LLC · 5 yrs held
Yassen Corp LLC
since 2021
Last sale
$130,000
3 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
$3,507
Tax year 2023
Assessed value
$35,110
Assessed 2023
Previous assessed
$35,110
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$4,380
Assessed improvement
$30,730
Land market value
$12,500
Improvement market value
$87,800
Total market value
$100,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1926
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
3,950 SF
Lot
0.1 ac (4,179 SF)
Zoning code
LR
APN
018-05-023
UPID
US66-0867599
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
1926
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Yassen Corp LLC
Entity
Mailing address
33424 STREAMVIEW DR, AVON, OH 44011-3504
Ownership since
2021
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
Apr 27, 2021
—
Yassen Corp LLC
11723 Lorain Avenue LLC
Quit Claim Deed
related
—
Nov 14, 2012
$130,000
11723 Lorain Avenue LLC
Finkental,charlotte A
Warranty Deed
—
May 31, 2005
—
Charlotte A Finkenthal
Finkenthal,theodore
Affidavit Of Death
related
$60,000 · Key Bank NA
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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