Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    14036 Superior Rd East Cleveland, OH 44118

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    14036 Superior Rd East Cleveland, OH 44118

    View on Map
    • Commercial real estate
    • 27,908 SF
    • 0.24 lot acres
    Off-Market
    Property ID
    US66-6169313
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 14036 Superior Rd

    Year built
    1923
    Lot size
    0.24 lot acres
    Property size
    27,908 SF
    Property type
    Commercial real estate

    Description

    This 27,908 square foot, four-story apartment building located at 14036 Superior Rd, East Cleveland, OH 44118, presents a compelling value-add investment opportunity. Built in 1923, the property features 23 units: 10 two-bedroom, one-bathroom units (approximately 900 sq ft each) and 13 one-bedroom, one-bathroom units (approximately 850 sq ft each). Currently 82% occupied (19 of 23 units), the building sits on a 0.24-acre lot and includes 10 parking spaces. Recent capital improvements include a refreshed boiler system, roof patching with a five-year warranty, parapet wall repairs, and updated paint, flooring, and bathrooms in 80% of the units. The property benefits from a stable tenant base, with 63% of gross income derived from subsidy-based tenants. Landlord-paid utilities include heat, trash, water, and sewer. A large on-site manager's suite offers potential conversion to a rental unit or office space. The existing laundry room with six or more hookups presents an opportunity to generate additional income. The projected net annual operating income at 90% occupancy and market rents, after accounting for real estate taxes and an 8% management fee, is $104,085, representing a 9.68% capitalization rate at the asking price of $1,075,000 ($46,739 per unit). Significant income growth potential exists through increased occupancy, unit conversions (dining areas to bedrooms), and laundry facility development. The property's location in the Forest Hills neighborhood, adjacent to Forest Hills Park and bordering East Cleveland and Cleveland Heights, offers convenient access to I-90, Mayfield Road, Little Italy, Case Western Reserve University, the Cleveland Clinic, and the Coventry Shopping district. Public transportation is readily available.

    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
    East Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.578972445091
    Latitude
    41.518395703251

    Comparable in this City

    • Contact for pricing

      Cleveland Heights Brick Apartment Complex

      14-unit apartment complex in Cleveland Heights, 92% occupied.
      14174 Superior Rd, Cleveland Heights, OH 44118
      View Details
    • $264,900
      Pending

      Updated Duplex in University Heights

      Well-maintained duplex with updates, near John Carroll University.
      13699 Cedar Rd, University Heights, OH 44118
      View Details
    • $335,000
      3,344 SF

      Cleveland Heights Income Producing Duplex

      Well-maintained, fully occupied duplex near Little Italy and University Circle.
      1630 Coventry Rd, Cleveland Heights, OH 44118
      View Details
    • $349,000
      3,568 SF

      Well-Maintained Duplex with Recent Updates

      Duplex with strong cash flow potential and updated mechanicals.
      13570 Cedar Rd, University Heights, OH 44118
      View Details
    • Contact for pricing
      86,529 SF

      Mixed-Use Property | 86,529 SqFt

      Mixed-use property with 86,529 square feet of space.
      3108 Mayfield Rd, Cleveland Heights, OH 44118
      View Details
    • $159,900
      2,864 SF

      East Cleveland Multifamily Value-Add Opportunity

      Three-unit property with income potential near University Circle.
      1526 Eddington Rd, East Cleveland, OH 44118
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Cleveland Heights Brick Apartment Complex

      14-unit apartment complex in Cleveland Heights, 92% occupied.
      14174 Superior Rd, Cleveland Heights, OH 44118
      View Details
    • $264,900
      Pending

      Updated Duplex in University Heights

      Well-maintained duplex with updates, near John Carroll University.
      13699 Cedar Rd, University Heights, OH 44118
      View Details
    • $335,000
      3,344 SF

      Cleveland Heights Income Producing Duplex

      Well-maintained, fully occupied duplex near Little Italy and University Circle.
      1630 Coventry Rd, Cleveland Heights, OH 44118
      View Details
    • $349,000
      3,568 SF

      Well-Maintained Duplex with Recent Updates

      Duplex with strong cash flow potential and updated mechanicals.
      13570 Cedar Rd, University Heights, OH 44118
      View Details
    • Contact for pricing
      86,529 SF

      Mixed-Use Property | 86,529 SqFt

      Mixed-use property with 86,529 square feet of space.
      3108 Mayfield Rd, Cleveland Heights, OH 44118
      View Details
    • $159,900
      2,864 SF

      East Cleveland Multifamily Value-Add Opportunity

      Three-unit property with income potential near University Circle.
      1526 Eddington Rd, East Cleveland, OH 44118
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Spacious Cleveland Heights Two-Family Home

      Well-maintained 4-bedroom unit near Mayfield Rd and I-271.
      1635 Hillcrest Rd, Cleveland Heights, OH 44118
      View Details
    • Contact for pricing

      Retail Space Near John Carroll

      New mixed-use development near John Carroll University, opening Fall 2026.
      2639 Warrensville Center Rd, University Heights, OH 44118
      View Details
    • Contact for pricing

      Coventry Road Retail Space Available

      Retail space for rent on Coventry Road, Cleveland Heights.
      1771 Coventry Rd, Cleveland Heights, OH 44118
      View Details
    • Contact for pricing

      Retail Space at Lit Intersection

      Retail space available at a high-visibility corner location.
      2193 S Taylor Rd, University Heights, OH 44118
      View Details
    • Contact for pricing

      Retail Space in Cedar Center

      Sublease opportunity in University Heights retail center.
      13916 Cedar Rd, University Heights, OH 44118
      View Details
    • Contact for pricing

      Land for Rent in Cleveland

      Land available for rent in a dense Cleveland suburb.
      3640 Mayfield Rd, Cleveland, OH 44118
      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.
    14036 Superior Rd
    East Cleveland, OH 44118
    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

    14036 Superior Rd, East Cleveland, OH, 44118

    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!