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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Parking lots & garages
1301 9th St Cleveland, OH 44114-1804
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-2164023
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1962
Construction
CONCRETE
Total area
129,074 SF
APN
101-34-303
UPID
US66-2164023
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
-
Parker Hannifin Downtown YMCA Gym & Fitness Center
-
Conley John Law Firm
-
Mc Intyre Kahn Kruse Law Firm
-
Trombetto Julius E Law Firm
-
Finley Bonnie S Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.02M
Owner & transaction history
Erieview Tower Hotel LLC · 1 yrs held
Erieview Tower Hotel LLC
since 2024
7 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$8 / 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
$149,052
Tax year 2023
Assessed value
$1,406,440
Assessed 2023
Previous assessed
$1,406,440
+0.0% YoY
Effective rate
10.60%
On assessed value
Assessed land
$272,580
Assessed improvement
$1,133,860
Land market value
$778,800
Improvement market value
$3,239,600
Total market value
$4,018,400
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1962
Construction
CONCRETE
Heating
HOT WATER
Cooling
CENTRAL
Stories
1
Units
429
Total area
129,074 SF
APN
101-34-303
UPID
US66-2164023
Jurisdiction
CUYAHOGA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1962
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
429
Current owner
From public records · entity-resolved
Erieview Tower Hotel LLC
Entity
Mailing address
1370 W 6TH ST STE #215, CLEVELAND, OH 44113-1315
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
—
Erieview Tower Hotel LLC
—
Deed
related
$15,000,000 · Tc Erieview Lending LLC
Dec 24, 2024
—
Erieview Tower Hotel LLC
Erieview Tower Residential LLC
Deed
$40,000,000 · The Huntington National Bank
Oct 18, 2024
—
Erieview Tower Residential LLC
City Of Cleveland
Quitclaim Deed
related
—
Feb 20, 2024
—
Erieview Tower Residential LLC
Erieview Tower LLC
Intrafamily Transfer
related
$40,000,000 · The Huntington National Bank
Jun 3, 2020
—
Erieview Tower LLC
—
Deed
related
$23,000,000 · Huntington Nat'l Bk
Aug 1, 2018
$16,722,450
Erieview Tower LLC
Erieview Tower & Parking LLC
Grant Deed
related
$20,000,000 · Huntington Nat'l Bk
Nov 17, 2016
—
Erieview Tower & Parking LLC
—
Deed
related
$70,258,834 · Rait Ptshp
Mar 13, 2006
—
Erieview Tower & Parking LLC
Erieview Land Co LLC
Quit Claim Deed
related
$43,500,000 · Bear Stearns Commercial Mtg
—
—
Erieview Tower LLC
—
Loan Modification
related
$23,000,000 · Huntington Nat'l Bk
—
—
Erieview Tower & Parking LLC
—
Loan Modification
related
$70,258,834 · Rait Ptshp
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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