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    Property profile & analytics

    1515 3rd St Cleveland, OH 44113-1403

    • Hotels
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $12,050,000
    Last Sale
    Aug 06, 2024
    $12,100,000
    Location Intelligence
    Property ID
    US66-1548630
    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.

    Current Use by Public Records

    • SP+ Parking / Parking Garage / Electric Vehicle Charging Station
    • Lodge Net Interactive / Entertainer
    • Lighthouse Media Services - Event Production / Video Production Service / Audio Visual Equipment Supplier
    • Tesla Destination Charger / Electric Vehicle Charging Station
    • TURN BAR + KITCHEN / Restaurant / Bar

    Property Details for 1515 3rd St

    Lot size
    0.19 lot acres
    Property type
    Hotels
    APN
    101-23-085G
    APU
    10123085G

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $12,100,000

    • CAP approach

      CAP return
      Estimation
      6%
      $12,295,000
      6.5%
      $11,425,000
      7%
      $11,285,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $11,625,000
      Geo Method
      $12,170,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $11,175,000
      Retail
      $12,835,000
      Mixed-Use
      $12,375,000
      Hospitality
      $10,580,000
      Educational
      $12,170,000
      Residential Income
      $11,805,000
      Energy
      $11,695,000
      Income-Based Land
      $10,370,000
      Food Service
      $14,180,000

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6949
    Latitude
    41.4977
    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
    $5,653
    $56,600
    $0.00
    $56,600
    -
    $161,700
    $0.00
    $161,700

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      Superior Ave

      HOTEL • 0.08 Acres
      Superior Ave, Cleveland, OH 44113
      View Details
    • Value Estimation by Request
      217,255 SF

      100 Lakeside Ave

      HOTEL • 217,255 SF
      100 Lakeside Ave, Cleveland, OH 44113-1056
      View Details
    • Value Estimation
      $380,000
      0.54 Acres

      1111 10th St

      HOTEL • 0.54 Acres
      1111 10th St, Cleveland, OH 44113-4481
      View Details
    • Value Estimation by Request
      431,352 SF

      24 Public Sq

      HOTEL • 431,352 SF
      24 Public Sq, Cleveland, OH 44113-2213
      View Details
    • Value Estimation by Request
      0.30 Acres

      1515 3rd St

      HOTEL • 0.30 Acres
      1515 3rd St, Cleveland, OH 44113-1403
      View Details
    • Value Estimation by Request
      0.77 Acres

      301 Superior Ave

      HOTEL • 0.77 Acres
      301 Superior Ave, Cleveland, OH 44113-1897
      View Details

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      Cleveland Multifamily Investment Opportunity

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      46,000 SF

      Prime Retail Opportunity Near Downtown

      Retail property with highway access near downtown Cleveland.
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    Similar Nearby for Lease

    • $12 SF/Yr
      3,500 SF

      Historic Warehouse Office Space

      West 9th Street Office Suites Available
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    • $18 SF/Yr
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      Trendy River Front Office Space

      5,495 SF office space with river front views.
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      Prime Retail Space on West 25th

      Retail space available on West 25th Street.
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      1,230 SF

      Prime Corner Retail Space Available

      Retail spaces available in a newly renovated building.
      75 Public Sq, Cleveland, OH 44113
      View Details
    • $30 SF/Yr
      3,451 SF

      Retail Space at Lorain Avenue

      Retail space available at West 25th & Lorain.
      W 25 & Lorain Ave, Cleveland, OH 44113
      View Details
    • Contact for pricing
      3,902 SF

      Restaurant Space in Flats East

      3,902 SF restaurant space with FF&E and patio.
      1313 Old River Rd, Cleveland, OH 44113
      View Details
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    1515 3rd St
    Cleveland, OH 44113-1403
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    Realmo Value Estimation

    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.

    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.

    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
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