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Property profile & analytics
OFF-MARKET
Estimated value
$2,405,000
Residential income homes
13409 Woodland Rd Cleveland, OH 44120-2878
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US66-0599561
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1930
Construction
TYPE NOT SPECIFIED
Total area
5,220 SF
Lot
0.34 ac (14,600 SF)
Zoning code
MF-2
APN
144-10-020
UPID
US66-0599561
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
$2.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.41M
Owner & transaction history
Lal & Sons LLC · 5 yrs held
Lal & Sons LLC
since 2021
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
MF-2 · 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
$2,455,000
ML approach
$2,355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.41M
Range $2.16M – $2.65M · ±10% · vs last sale $2.40M (May 28 2021)
Last sale anchor
$2.40M
May 28 2021
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
$461 / 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
$10,547
Tax year 2023
Assessed value
$74,560
Assessed 2023
Previous assessed
$74,560
+0.0% YoY
Effective rate
14.15%
On assessed value
Assessed land
$26,920
Assessed improvement
$47,640
Land market value
$76,900
Improvement market value
$562,900
Total market value
$639,800
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1930
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
NONE
Buildings
2
Stories
2
Units
4
Bathrooms
2
Total area
5,220 SF
Lot
0.34 ac (14,600 SF)
Zoning code
MF-2
APN
144-10-020
UPID
US66-0599561
Jurisdiction
CUYAHOGA
Zoning & alternative use
MF-2 · Cleveland, OHZoning MF-2 · permitted uses
MF-2 · Cleveland, OH
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
1930
Construction
TYPE NOT SPECIFIED
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
2
Units
4
Bathrooms
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Lal & Sons LLC
Entity
Mailing address
12671 GORDON ST, NORTH ROYALTON, OH 44133-3708
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
$2,400,000
Lal & Sons LLC
Crossroads Apartments Fund LLC
Warranty Deed
$1,920,000 · Ohio Catholic FCU
Apr 15, 2019
$685,000
Crossroads Apartments Fund LLC
Cornerstone Assets LLC
Warranty Deed
related
$903,260 · First Fin'l Bk&tr
Sep 28, 2018
—
Cornerstone Assets LLC
—
Trustees Deed
related
$25,000 · Private Individual
May 8, 2018
$550,000
Cornerstone Assets LLC
Woodlow Gables LLC
Warranty Deed
related
$400,000 · Echo Health Re Inv LLC
May 17, 2013
$365,000
Woodlow Gables LLC
Ag-l Ludlow Gables LLC
Warranty Deed
$335,250 · Middlefield Banking Co
Oct 31, 2006
—
Ag-l Ludlow Gables LLC
—
Trustees Deed
related
$825,000 · National City Bank
Jan 21, 2000
$643,500
K R I Ludlow Gables Ltd
Greater Shaker Sq Dev Corp
Grant Deed
$543,000 · Ohio Bank
—
—
Ag-l Ludlow Gables LLC
—
Deed Of Trust
related
$950,000 · First Choice Mortgage
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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