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Property profile & analytics
OFF-MARKET
Estimated value
$4,320,000
Warehouses
1415 Warrensville Ctr Rd Cleveland Heights, OH 44121-2217
Entity Owned
19-yr Hold
Free & Clear
Property ID
US66-2432089
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Construction
TYPE NOT SPECIFIED
Total area
46,322 SF
Lot
2.1 ac (91,419 SF)
Zoning code
C3
APN
683-06-022
UPID
US66-2432089
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.22M
Comparable Approach
Comparable
$3.97M
Blend (final)
Blend
$4.32M
Owner & transaction history
Ss Cleveland Heights LLC · 19 yrs held
Ss Cleveland Heights LLC
since 2006
7 recorded transactions
Zoning & alternative use
C3 · Cleveland Heights, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.0M
+112.2%
Neighborhood: shopping center
$4.7M
+97.8%
Auto repair, garage
$4.1M
+73.7%
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 Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland Heights 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,570,000
6.5%
$4,220,000
7%
$3,920,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,035,000
Change: +112% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,690,000
Change: +98% · Conversion: Moderate
AUTO REPAIR, GARAGE
$4,120,000
Change: +74% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,840,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,425,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$4.32M
Range $3.89M – $4.75M · ±10%
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
$93 / 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
$229,679
Tax year 2023
Assessed value
$1,606,780
Assessed 2023
Previous assessed
$1,606,780
+0.0% YoY
Effective rate
14.29%
On assessed value
Assessed land
$175,980
Assessed improvement
$1,430,800
Land market value
$502,800
Improvement market value
$4,088,000
Total market value
$4,590,800
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Construction
TYPE NOT SPECIFIED
Heating
RADIANT
Cooling
NONE
Buildings
2
Stories
1
Total area
46,322 SF
Lot
2.1 ac (91,419 SF)
Zoning code
C3
APN
683-06-022
UPID
US66-2432089
Jurisdiction
CUYAHOGA
Zoning & alternative use
C3 · Cleveland Heights, OH
Zoning C3 · permitted uses
C3 · Cleveland Heights, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
TYPE NOT SPECIFIED
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
2
Lot
2.1 ac
Current owner
From public records · entity-resolved
Ss Cleveland Heights LLC
Entity
Free & Clear · 19 yrs held
Mailing address
8400 E PRENTICE AVE STE #900, GREENWOOD VILLAGE, CO 80111-2921
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2016
—
Ss Cleveland Heights LLC
—
Deed
related
$1,080,000,000 · Citigroup Global Markets Rlty
Dec 8, 2006
—
Ss Cleveland Heights LLC
Cleveland Heights Realty LLC
Quit Claim Deed
related
—
Feb 10, 2004
$450,000
Cleveland Heights Realty INC
Mccarthy & Associates INC
Grant Deed
—
Jul 1, 2002
—
Mccarthy & Associates INC
Cleveland Heights City (oh)
Grant Deed
related
—
Dec 31, 1998
—
Hillside Dairy LLC
De Acquisition Co
Quit Claim Deed
related
—
Jul 1, 1998
$1,380,400
De Acquisition Co
Hillside Dairy Co
Grant Deed
—
May 21, 1998
—
Hillside Dairy Co
Abell,arthur A & Charlotte
Quit Claim Deed
related
—
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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