New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,545,000
Turn key restaurants
1220 Huron E Rd Cleveland, OH 44115-1721
Entity Owned
11-yr Hold
Property ID
US66-5901999
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1920
Construction
CONCRETE
Total area
112,038 SF
Lot
0.27 ac (11,755 SF)
Zoning code
GR
APN
101-37-020
UPID
US66-5901999
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
-
The Creswell Apartment Building
-
A Caring Alternative Inc Home Health Care Service
-
Networks - Food Distribution Center Food Bank Charitable Organization
-
1942 Tacos and Tequila Restaurant
-
Interactive Expert Systems Llc Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
1220 Playhouse Square LLC · 11 yrs held
1220 Playhouse Square LLC
since 2015
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$14 / 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
$91,604
Tax year 2023
Assessed value
$791,350
Assessed 2023
Previous assessed
$791,350
+0.0% YoY
Effective rate
11.58%
On assessed value
Assessed land
$329,140
Assessed improvement
$462,210
Land market value
$940,400
Improvement market value
$8,215,600
Total market value
$9,156,000
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
1920
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
11
Units
85
Total area
112,038 SF
Lot
0.27 ac (11,755 SF)
Zoning code
GR
APN
101-37-020
UPID
US66-5901999
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.
Building & site characteristics
From public records
Year built
1920
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Stories
11
Units
85
Lot
0.27 ac
Current owner
From public records · entity-resolved
1220 Playhouse Square LLC
Entity
Mailing address
1220 HURON RD E APT #101, CLEVELAND, OH 44115-1712
Ownership since
2015
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
Jan 24, 2017
—
1220 Playhouse Square LLC
—
Grant Deed
related
$12,800,000 · Privatebank & Tr
Jan 20, 2015
$2,700,000
1220 Playhouse Square LLC
Playhouse Square Plaza LLC
Quit Claim Deed
related
$8,700,000 · Firstmerit Bk
May 11, 2011
—
Playhouse Square Plaza LLC
—
Deed Of Trust
related
$1,697,000 · Park View Fsb
Oct 8, 2003
$1,650,000
Playhouse Square Plaza LLC
Cmat 1999-c1 Huron Office LLC
Grant Deed
$1,600,000 · Park View Fsb
Feb 21, 2003
—
Cmat 1999-c1 Huron Office LLC
Huron Road Operating Assocs LP
Quit Claim Deed
related
—
Oct 2, 1998
$5,750,000
Huron Road Operating Assocs LP
1220 Huron Mall LP
Grant Deed
related
$5,100,000 · Capital Co Of America LLC
—
—
1220 Huron Mall Ltd
—
Deed Of Trust
related
$200,000 · Independence Bank 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1220 Huron E Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
