Financial
Distress signals
Property profile

1240 6th St Cleveland, OH 44113

OFF-MARKET
Office buildings
Property ID
US66-2469871
117,875 SF 0.39 ac lot Built 1900
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$1.30M
Assessed land$148k
Assessed improvement$1.16M
Effective rate0.54%

Value estimate

· Sep 2026
$945k
$851k – $1.04M
Sales comparison$5.41M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$162/SF
Submarket average, outlier-cleaned · 666 recorded sales of this use type
Observed band · Q1–Q3$70 – $293
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
LLR
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith8.9
Shoe Repair8.6
Butcher8.2

Location

1240 6th St Cleveland, OH 44113-1302
County assessor Recorded deeds · not on file 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
250 Huron, Cleveland, OH 44113-1410 $4,100,000 Aug 2024 6,876 SF
1350 3rd, Cleveland, OH 44113-1806 $3,375,000 Nov 2021 18,290 SF
1730 Columbus, Cleveland, OH 44113-2410 $1,200,000 Jun 2021 14,801 SF
3404 Lorain, Cleveland, OH 44113-3704 $280,000 May 2021 6,048 SF
2424 Mulberry, Cleveland, OH 44113-1117 $375,000 Apr 2021 4,864 SF
1280 3rd, Cleveland, OH 44113-1539 $565,800 Mar 2020 12,178 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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