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Property profile & analytics
OFF-MARKET Estimated value $705,000
Warehouses

12438 Cedar Rd Cleveland Heights, OH 44106-3152

8,800 SF 1.62 ac lot Built 1922
Entity Owned 1-yr Hold Free & Clear
Property ID
US66-2532082
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1922
Construction TYPE NOT SPECIFIED
Total area 8,800 SF
Lot 1.62 ac (70,620 SF)
Zoning code C2
APN 685-26-004
UPID US66-2532082
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
$485k
CAP Approach CAP
$675k
Comparable Approach Comparable
$755k
Blend (final) Blend
$705k
Owner & transaction history
Grocery Outlet INC · 1 yrs held
Grocery Outlet INC
since 2024
7 recorded transactions
2025
Price N/A
2024
Price N/A
2024
Price N/A
2021
Price N/A
2019
Price N/A
1998
Price N/A
1969
Price N/A
Zoning & alternative use
C2 · Cleveland Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(b) The C-2 Local Retail District is established to provide standards for the continued operation of small neighborhood commercial establishments and to concentrate new retail businesses in buildings that typically locate side by side in order to promote and encourage pedestrian activity. Parking and driveways are generally located so as not to disrupt the p…

Zone name Retail District
General category COMMERCIAL
Zone area 43.14 ac
Source Zoning Code adopted 20240116
Top alternative use upside
Medical building $955,000 +112.2%
Neighborhood: shopping center $890,000 +97.8%
Auto repair, garage $785,000 +73.7%
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