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Property profile & analytics
OFF-MARKET
Estimated value
$15,870,000
Manufacturing properties
14801 Emery Ave, Cleveland, OH 44135-1476
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-6179189
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1954
Total area
280,501 SF
Lot
18.33 ac (798,455 SF)
Zoning code
GI
APN
027-31-005
UPID
US66-6179189
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
-
Progressive Plastics Inc Industrial Manufacturer Production Facility
-
Alpha Packaging Inc - A Pretium Brand Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.73M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.87M
Owner & transaction history
Pretium Packaging LLC · 4 yrs held
Pretium Packaging LLC
since 2022
Last sale
$18.9M
6 recorded transactions
Zoning & alternative use
GI · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$25.0M
+106.3%
Commercial (general)
$23.2M
+92.2%
Apartment house (5+ units)
$20.8M
+71.6%
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
$15,355,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,205,000
6.5%
$17,730,000
7%
$16,465,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,095,000
Current use
AUTO REPAIR, GARAGE
$24,955,000
Change: +106% · Conversion: Easy
COMMERCIAL (GENERAL)
$23,245,000
Change: +92% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$20,755,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$15.87M
Range $14.28M – $17.46M · ±10% · vs last sale $18.85M (Feb 28 2022)
Last sale anchor
$18.85M
Feb 28 2022
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
$57 / 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
$119,197
Tax year 2023
Assessed value
$1,193,500
Assessed 2023
Previous assessed
$1,193,500
+0.0% YoY
Effective rate
9.99%
On assessed value
Assessed land
$314,440
Assessed improvement
$879,060
Land market value
$898,400
Improvement market value
$2,511,600
Total market value
$3,410,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1954
Heating
NONE
Stories
2
Total area
280,501 SF
Lot
18.33 ac (798,455 SF)
Zoning code
GI
APN
027-31-005
UPID
US66-6179189
Jurisdiction
CUYAHOGA
Zoning & alternative use
GI · Cleveland, OH
Zoning GI · permitted uses
GI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$12.1M
AUTO REPAIR, GARAGE
Est. value
$25.0M
COMMERCIAL (GENERAL)
Est. value
$23.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.8M
INDUSTRIAL (GENERAL) Current
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
1954
Heating
NONE
Stories
2
Lot
18.33 ac
Current owner
From public records · entity-resolved
Pretium Packaging LLC
Entity
Free & Clear · 4 yrs held
Mailing address
8377 E HARTFORD DR #1000, SCOTTSDALE, AZ 85255-5685
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2022
—
Pretium Packaging LLC
Store Master Funding Vii LLC
Lease
—
Feb 28, 2022
$18,850,000
Store Master Funding Xxiv LLC
Progressive Plastics INC
Warranty Deed
$18,850,000 · Citibank NA
Feb 18, 2015
—
Progressive Plastics INC
Progressive Acquisition INC
Quit Claim Deed
related
—
Dec 15, 2010
$1,130,100
Progressive Acquisition INC
Emery Properties INC
Deed Of Trust
related
$52,000,000 · Governor & Co Bank Ireland
Feb 13, 2007
—
Emery Properties INC
Progressive Plastics INC
Quit Claim Deed
related
—
Jun 19, 2006
$680,000
Progressive Sales Co
Progressive Plastics INC
Grant 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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