Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12710 Miles Ave Cleveland, OH 44105

    • Auto shops
    • 2,313 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0525151
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Parker Auto Premier / Car Dealership

    Property Details for 12710 Miles Ave

    Year built
    1947
    Construction
    STEEL FRAME
    Lot size
    0.46 lot acres
    Property size
    2,313 SF
    Zone code
    2F
    Property type
    Auto shops
    APN
    138-15-014
    APU
    13815014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.5942
    Latitude
    41.445
    CBSA code
    17460
    CBSA name
    CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,602
    $11,380
    $4,660
    $16,040
    -
    $32,500
    $13,300
    $45,800

    Comparable in this City

    • Value Estimation by Request
      1,235 SF

      3762 71st St

      AUTO REPAIR, GARAGE • 1,235 SF
      3762 71st St, Cleveland, OH 44105
      View Details
    • Value Estimation by Request
      864 SF

      8245 Broadway Ave

      AUTO REPAIR, GARAGE • 864 SF
      8245 Broadway Ave, Cleveland, OH 44105-3928
      View Details
    • Value Estimation by Request
      1,532 SF

      7009 Polonia Ave

      AUTO REPAIR, GARAGE • 1,532 SF
      7009 Polonia Ave, Cleveland, OH 44105-5054
      View Details
    • Value Estimation by Request
      576 SF

      4589 Warner Rd

      AUTO REPAIR, GARAGE • 576 SF
      4589 Warner Rd, Cleveland, OH 44105-6549
      View Details
    • Value Estimation by Request
      858 SF

      11304 Harvard Ave

      AUTO REPAIR, GARAGE • 858 SF
      11304 Harvard Ave, Cleveland, OH 44105
      View Details
    • Value Estimation by Request
      1,920 SF

      3900 Martin Luther King Jr Dr

      AUTO REPAIR, GARAGE • 1,920 SF
      3900 Martin Luther King Jr Dr, Cleveland, OH 44105-4358
      View Details

    Similar Nearby for Sale

    • $1,125,000
      7,000 SF

      Advance Auto Parts Investment Opportunity

      Retail property with long-term lease and stable income stream.
      7440 Broadway Ave, Cleveland, OH 44105
      View Details
    • $235,000
      Pending

      Garfield Heights Duplex with Garages

      Fully occupied duplex with oversized garages, generating substantial monthly income.
      7511 Jeffries Ave, Garfield Heights, OH 44105
      View Details
    • $799,000
      26,928 SF

      Versatile Light Industrial Property

      Light industrial property with income potential near downtown Cleveland.
      11910 Harvard Ave, Cleveland, OH 44105
      View Details
    • Contact for pricing
      500 SF

      Car Lot on Harvard Avenue

      Car lot available for sale at Harvard and E. 68th.
      6720 Harvard Ave, Cleveland, OH 44105
      View Details
    • $249,900
      0.11 Acres

      Mixed-Use Property with Retail Space

      Turn-key mixed-use property featuring retail space and two apartments.
      4350 E 71St St, Cleveland, OH 44105
      View Details
    • Contact for pricing
      9,117 SF

      Former Freestanding Retail Building For Sale

      9,117 SF retail building on 1.426 acres.
      9111 Miles Ave, Cleveland, OH 44105
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Lease

      Retail space for lease at 6835 Broadway Ave, Cleveland.
      6835 Broadway Ave, Cleveland, OH 44105
      View Details
    • $5,500,000
      576,377 SF

      Prime Commercial Land Opportunity

      14.01 acres of commercial land in developing area.
      4010 E 116Th St, Cleveland, OH 44105
      View Details
    • Contact for pricing

      Office/Flex Space Available For Rent

      4,113 SF Office/Flex space available for rent.
      4558 E 71St St, Cleveland, OH 44105
      View Details
    • $5 SF/Yr
      26,687 SF

      Cleveland Industrial/Office Space For Lease

      Versatile spaces, 9,073-17,614 sq ft.
      4558 71St St, Cleveland, OH 44105
      View Details
    • Contact for pricing
      8,000 SF

      Manufacturing Space in Cleveland Available

      98,150 SF manufacturing space for lease in Cleveland.
      3650 E 93Rd St, Cleveland, OH 44105
      View Details
    • $5 SF/Yr
      9,073 SF

      Office/Warehouse Space For Lease

      Office and warehouse spaces available for lease at $5.50/SF NNN.
      4558-4568 E 71St St, Cleveland, OH 44105
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12710 Miles Ave
    Cleveland, OH 44105
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!