Financial
Distress signals
Property profile

1240 Carnegie Ave Cleveland, OH 44115

OFF-MARKET
Retail space
Property ID
US66-1767781
7,794 SF 0.69 ac lot Built 1965
Last sale Oct 1994 · $875,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 30-yr Hold Held for 30 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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?
$32k
Tax billed · 2023
Assessed value$265k
Assessed land$144k
Assessed improvement$121k
Effective rate11.95%

Value estimate

· Sep 2026
$160k
$144k – $176k
Submarket $/SF estimate$730k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$64/SF
Submarket average, outlier-cleaned · 450 recorded sales of this use type
Observed band · Q1–Q3$29 – $110
Qualifying comparables7

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?
SI
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service11.4
Laundry Service10.2
Kitchen & Bath10.1

Location

1240 Carnegie Ave Cleveland, OH 44115-2808
County assessor Recorded deeds · not on file 7 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2025 Ontario, Cleveland, OH 44115-1028 $2,400,000 Aug 2024 86,164 SF
1802 Carnegie, Cleveland, OH 44115 $127,900 Dec 2023 7,987 SF
3101 Euclid, Cleveland, OH 44115-2521 $1,750,000 Aug 2023 71,600 SF
3855 Carnegie, Cleveland, OH 44115-2763 $1,200,000 Jul 2023 8,750 SF
620 Prospect E, Cleveland, OH 44115 $26,500,000 Jan 2023 11,296 SF
3917 Prospect E, Cleveland, OH 44115-2761 $49,375 Feb 2020 3,270 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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