Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    13925 Puritas Ave Cleveland, OH 44135-2941
    Back to Search
    Property profile & analytics

    13925 Puritas Ave, Cleveland, OH 44135-2941

    View on Map
    • Grocery and convenience stores
    • 414 SF
    • 0.33 lot acres
    Off-Market
    Last Sale Dec 9, 2022
    $195,000
    Property ID
    US66-5751345
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Puritas Gas / Gas Station
    • Valero / Gas Station

    Property Details for 13925 Puritas Ave

    Year built
    1967
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.33 lot acres
    Zone code
    GR
    Property type
    Grocery and convenience stores
    APN
    023-19-004
    APU
    2319004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 9, 2022 — Hanild M Sarkis Samir Kliouri Assignment Of Deed —
    Dec 9, 2022 $195,000 Hamid M Sarkis Siva 5 LLC Warranty Deed —
    Sep 24, 2003 — Siva-5 LLC Otg 1 LLC Quit Claim Deed · related —
    Jul 30, 1999 $145,100 Otg 1 LLC Clark Refining & Marketing INC Grant Deed $195M · Ffca Acquisition Corp

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.7899
    Latitude
    41.4332
    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
    $3,611
    $23,730
    $12,430
    $36,160
    -
    $67,800
    $35,500
    $103,300

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      4075 Rocky Riv Dr

      CONVENIENCE STORE
      4075 Rocky Riv Dr, Cleveland, OH 44135-1102
      View Details
    • Value Estimation by Request
      3,570 SF

      4733 130th St

      CONVENIENCE STORE
      4733 130th St, Cleveland, OH 44135
      View Details
    • Value Estimation
      $1,855,000
      1,900 SF

      4611 130th St

      CONVENIENCE STORE
      4611 130th St, Cleveland, OH 44135-3601
      View Details
    • Value Estimation
      $1,130,000
      5,528 SF

      Brookpark Rd

      CONVENIENCE STORE
      Brookpark Rd, Cleveland, OH 44135
      View Details
    • Value Estimation
      $1,095,000
      800 SF

      4142 Rocky Riv Dr

      CONVENIENCE STORE
      4142 Rocky Riv Dr, Cleveland, OH 44135-1103
      View Details
    • Value Estimation by Request
      6,000 SF

      14300 Puritas Ave

      CONVENIENCE STORE
      14300 Puritas Ave, Cleveland, OH 44135
      View Details

    Similar Nearby for Sale

    • $198,000
      770 SF

      Cleveland Commercial Property with Business

      Commercial property with established business, drive-thru, and parking.
      15753 Puritas Ave, Cleveland, OH 44135
      View Details
    • Contact for pricing
      11,800 SF

      Mixed-Use Property | 11,800 SF

      Mixed-use property featuring 11,800 SF of commercial real estate.
      4172-4174-4178 Rocky Riv Dr, Cleveland, OH 44135
      View Details
    • $194,999
      1,040 SF

      Cleveland Retail Building Investment

      High-traffic retail space with apartment.
      14320 Puritas Ave, Cleveland, OH 44135
      View Details
    • Contact for pricing
      11,800 SF

      Fully Leased Mixed-Use Building

      Mixed-use property with retail and apartments in Kamms Corner.
      4176 Rocky River Dr, Cleveland, OH 44135
      View Details
    • Contact for pricing
      41,081 SF

      Industrial Property Near Cleveland Airport

      NNN lease industrial property with long-term tenant near airport.
      4677 Manufacturing Rd, Cleveland, OH 44135
      View Details
    • Contact for pricing
      31,776 SF

      Industrial Building Near Interstates

      31,776± SF industrial building with warehouse and office space.
      4810 W 139Th St, Cleveland, OH 44135
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,602 SF

      Retail Space Near Metroparks Entrance

      Retail units available near high-traffic intersection and Metroparks entrance.
      19601-19609 Puritas Ave, Cleveland, OH 44135
      View Details
    • Contact for pricing
      16,500 SF

      Retail Space Near I-71

      Retail space available near I-71 in Cleveland, OH.
      15020 Puritas Ave, Cleveland, OH 44135
      View Details
    • Contact for pricing
      841 SF

      Retail Space Near Major Highways

      Retail space with high visibility near major highways and downtown.
      14017-14039 Puritas Ave, Cleveland, OH 44135
      View Details
    • Contact for pricing
      1,911 SF

      Retail Space Near Major Highways

      Retail space near I-71 and I-480, close to downtown Cleveland.
      14041 W Pkwy St, Cleveland, OH 44135
      View Details
    • $4,000 /Mo
      80,934 SF

      Cleveland Commercial Space For Rent

      Commercial space within the newly established Cleveland Pickleball Center.
      12400 Crossburn Ave, Cleveland, OH 44135
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail spaces for lease in Cleveland, OH.
      19601-19621 Puritas Ave, Cleveland, OH 44135
      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.
    13925 Puritas Ave
    Cleveland, OH 44135-2941
    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

    Thank You for Inquiry
    13925 Puritas Ave, Cleveland, OH, 44135
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!