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Property profile & analytics
OFF-MARKET
Estimated value
$6,340,000
Hotels
1380 6th St Cleveland, OH 44114-1606
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US66-1699886
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1931
Construction
CONCRETE
Total area
178,818 SF
Lot
1.76 ac (76,671 SF)
Zoning code
GR
APN
101-05-003
UPID
US66-1699886
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
-
Neooug Association / Organization
-
Cain park Park
-
Drury Plaza Hotel Cleveland Downtown Hotel & Motel
-
The Teachers' Lounge Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.34M
Owner & transaction history
Cleveland Exchange LLC · 13 yrs held
Cleveland Exchange LLC
since 2013
3 recorded transactions
Zoning & alternative use
GR · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$35 / 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
$175,835
Tax year 2023
Assessed value
$1,482,330
Assessed 2023
Previous assessed
$1,482,330
+0.0% YoY
Effective rate
11.86%
On assessed value
Assessed land
$1,174,710
Assessed improvement
$307,620
Land market value
$4,561,900
Improvement market value
$9,352,600
Total market value
$13,914,500
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1931
Construction
CONCRETE
Heating
HOT WATER
Cooling
CENTRAL
Stories
6
Total area
178,818 SF
Lot
1.76 ac (76,671 SF)
Zoning code
GR
APN
101-05-003
UPID
US66-1699886
Jurisdiction
CUYAHOGA
Zoning & alternative use
GR · Cleveland, OH
Zoning GR · permitted uses
GR · 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.
Building & site characteristics
From public records
Year built
1931
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
6
Lot
1.76 ac
Current owner
From public records · entity-resolved
Cleveland Exchange LLC
Entity
Mailing address
101 S FARRAR DR, CAPE GIRARDEAU, MO 63701-4905
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2021
—
Drury Cleveland LLC
—
Deed
related
$22,000 · Banterra Bank
Jun 5, 2013
—
Cleveland Exchange LLC
Cleveland Municipal Sch Distri
Quit Claim Deed
related
—
—
—
Drury Cleveland LLC
—
Deed Of Trust
related
$28,000,000 · Us Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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