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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Turn key restaurants
1299 9th St, Cleveland, OH 44113-1064
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-6025138
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1910
Construction
TYPE NOT SPECIFIED
Total area
6,566 SF
Lot
0.09 ac (4,043 SF)
Zoning code
LLR
APN
101-09-013
UPID
US66-6025138
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
-
RockStar Party Bus Cleveland Limousine Service Transportation Escort Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$910k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$764k
Blend (final)
Blend
$910k
Owner & transaction history
Lk Pennington Unitcd LLC · 2 yrs held
Lk Pennington Unitcd LLC
since 2024
Last sale
$910,000
7 recorded transactions
Zoning & alternative use
LLR · 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
Method
Estimation
Statistic approach
$910,000
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,110,000
Current use
OFFICE BUILDING
$1,060,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $910k (Jun 4 2024)
Last sale anchor
$910k
Jun 4 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$139 / 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
$16,284
Tax year 2023
Assessed value
$146,660
Assessed 2023
Previous assessed
$146,660
+0.0% YoY
Effective rate
11.10%
On assessed value
Assessed land
$108,260
Assessed improvement
$38,400
Land market value
$309,300
Improvement market value
$109,700
Total market value
$419,000
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
1910
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
CENTRAL
Stories
2
Bathrooms
1
Total area
6,566 SF
Lot
0.09 ac (4,043 SF)
Zoning code
LLR
APN
101-09-013
UPID
US66-6025138
Jurisdiction
CUYAHOGA
Zoning & alternative use
LLR · Cleveland, OH
Zoning LLR · permitted uses
LLR · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1910
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
2
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Lk Pennington Unitcd LLC
Entity
Mailing address
4152 RUPLE RD, CLEVELAND, OH 44121-2809
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
$910,000
Lk Pennington Unitcd LLC
1299 W 9th LLC
Warranty Deed
$637,000 · Velocity Commercial Capital LLC
Oct 19, 2016
—
1299 W 9th LLC
—
Deed
related
$350,000 · Oliver J Holdings LLC
Oct 20, 2014
—
1299 W 9th LLC
Terra Cleveland LLC
Grant Deed
related
—
Sep 17, 2010
—
Ninth Street Anatomy LLC
Dbj Group Ltd LLC
Warranty Deed
related
—
Sep 6, 2002
—
Dbj Group Ltd LLC
Angle West Enterprises INC
Quit Claim Deed
related
$950,000 · Nicolet National Bank
Jan 31, 2002
$450,000
Angle West Enterprises INC
1299 Corp
Grant Deed
$300,000 · 1299 Corp
—
—
Dbj Group Ltd LLC
—
Deed Of Trust
related
$282,509 · Nicolet National Bank
—
—
1299 W 9th LLC
—
Deed Of Trust
related
$350,000 · Oliver J Holdings LLC
—
—
Darryl Zaraczewski
—
Deed Of Trust
related
$1,125,750 · Nicolet National Bank
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.
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