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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Turn key restaurants
1200 76th St Cleveland, OH 44102-2081
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-5395188
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1919
Construction
WOOD
Total area
4,650 SF
Lot
1.17 ac (50,965 SF)
Zoning code
GI
APN
002-03-004
UPID
US66-5395188
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
-
Junker Fitness Gym & Fitness Center
-
The Shoreway Apartment Complex
-
Good Company Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$750k
Blend (final)
Blend
$875k
Owner & transaction history
Cleveland Cuyahoga County Port Auth · 1 yrs held
Cleveland Cuyahoga County Port Auth
since 2024
7 recorded transactions
Zoning & alternative use
GI · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$785,000
Current use
OFFICE BUILDING
$750,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$188 / 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
$41,716
Tax year 2023
Assessed value
$417,700
Assessed 2023
Previous assessed
$417,700
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$208,710
Assessed improvement
$208,990
Land market value
$596,300
Improvement market value
$6,592,500
Total market value
$7,188,800
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1919
Construction
WOOD
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
4,650 SF
Lot
1.17 ac (50,965 SF)
Zoning code
GI
APN
002-03-004
UPID
US66-5395188
Jurisdiction
CUYAHOGA
Zoning & alternative use
GI · Cleveland, OH
Zoning GI · permitted uses
GI · 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 Current
Est. value
$785,000
OFFICE BUILDING
Est. value
$750,000
RESTAURANT Current
OFFICE BUILDING
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
1919
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
1.17 ac
Current owner
From public records · entity-resolved
Cleveland Cuyahoga County Port Auth
Entity
Free & Clear · 1 yrs held
Mailing address
469 LITERARY RD, CLEVELAND, OH 44113-4511
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2024
—
Shoreway Tower LLC
—
Deed
related
$54,000,000 · Arbor Reality SR INC
Dec 15, 2024
—
Cleveland Cuyahoga County Port Auth
Shoreway Tower LLC
Deed
related
—
Dec 13, 2024
—
Shoreway Tower LLC
City Of Cleveland
Quitclaim Deed
related
$54,000,000 · Arbor Reality SR INC
Dec 11, 2024
—
The City Of Cleveland
Shoreway Tower LLC
Warranty Deed
—
Oct 11, 2024
—
Shoreway Tower LLC
Shoreway Building LLC
Intrafamily Transfer
related
—
Jul 24, 2013
—
Shoreway Building LLC
Grand C Corp
Quit Claim Deed
related
—
—
—
Shoreway Building LLC
—
Deed Of Trust
related
$6,050,000 · Park View Fsb
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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