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Property profile & analytics
OFF-MARKET
Estimated value
$9,790,000
Outlet malls
14639 Lorain Ave Cleveland, OH 44111-3166
Entity Owned
4-yr Hold
Free & Clear
Property ID
US66-0922556
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1982
Total area
84,992 SF
Lot
8.72 ac (379,733 SF)
Zoning code
LR
APN
027-27-021
UPID
US66-0922556
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
by Request
CAP Approach
CAP
$12.56M
Comparable Approach
Comparable
$9.37M
Blend (final)
Blend
$9.79M
Owner & transaction history
Oh Center LLC · 4 yrs held
Oh Center LLC
since 2022
3 recorded transactions
Zoning & alternative use
LR · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$14.3M
+163.2%
Office building
$13.7M
+152.4%
Medical building
$9.2M
+69.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$13,610,000
6.5%
$12,560,000
7%
$11,665,000
Alternative Use
Use
Estimation
RESTAURANT
$14,335,000
Change: +163% · Conversion: Easy
OFFICE BUILDING
$13,745,000
Change: +152% · Conversion: Easy
MEDICAL BUILDING
$9,235,000
Change: +70% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,610,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$7,560,000
Change: +39% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,045,000
Change: +29% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,290,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$9.79M
Range $8.81M – $10.77M · ±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
$115 / 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
$252,033
Tax year 2023
Assessed value
$2,523,570
Assessed 2023
Effective rate
9.99%
On assessed value
Assessed land
$797,440
Assessed improvement
$1,726,130
Land market value
$2,278,400
Improvement market value
$4,931,800
Total market value
$7,210,200
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1982
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
3
Total area
84,992 SF
Lot
8.72 ac (379,733 SF)
Zoning code
LR
APN
027-27-021
UPID
US66-0922556
Jurisdiction
CUYAHOGA
Zoning & alternative use
LR · Cleveland, OH
Zoning LR · permitted uses
LR · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$14.3M
OFFICE BUILDING
Est. value
$13.7M
MEDICAL BUILDING
Est. value
$9.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$7.6M
COMMERCIAL (GENERAL)
Est. value
$7.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.3M
RESTAURANT
OFFICE BUILDING
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
1982
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
3
Lot
8.72 ac
Current owner
From public records · entity-resolved
Oh Center LLC
Entity
Free & Clear · 4 yrs held
Mailing address
295 MADISON AVE FL, NEW YORK, NY 10017-6434
Ownership since
2022
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
Jul 6, 2022
—
Oh Center LLC
Oh Center LLC
Intrafamily Transfer
related
—
May 3, 2022
—
Cleveland Oh Center LLC
—
Deed
related
$22,000,000 · Bokf NA
Mar 7, 2022
—
Cleveland Oh Center LLC
Cleveland Oh Center LLC
Intrafamily Transfer
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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